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MORALES NATURAL GAS FIELD SOFI GOLD II Jackson County Texas NAVIDAD DUAL GAS RESERVOIRS CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM EXHIBIT F

1 Executive Summary ALFREDO MANZUR GONZALEZ President CEO Sof Exploration PHIL MARTIN President CEO New Century Exploration Inc Alfredo M Gonzalez is the President and CEO of Sofi Exploration Mr Gonzalez is a sought after influential leader For the last 10 years his forte is offering proficient Good Practice Guidance aligning high production Asset Development opportunities in the Oil and Gas sectors with sophisticated investors who are in the market to expand their Cash Flow and Tax Advantage positions His corporate Vision for Sofi Exploration is to be the energy company most admired for its people partners and performance His corporate mission is to build successful partnerships based on 7 established pillars High Performance Integrity Transparency Trust Verification and Protecting Partners and the Environment His immense knowledge and innovative counsel regarding asset development programs in the industry confirms the confidence of vigorous partnerships and superior offerings from the industry s leading and selective Operators Drilling Corporations and Completion Companies Mr Gonzalez continues to develop an extensive vetting process compelling industry leaders to perform at the highest levels for investor participation and production achievement The corporate goals are capital development drilling completion production success and continuous liquidity development for his associates and partners Mr Martin is President and CEO of New Century Exploration Inc an active operator in Texas and Louisiana He began his career at Union Texas Petroleum and has managed many E P programs for over 30 years Phil has presented at many industry groups regarding oil and gas exploration development production and economics especially regarding unconventional resources Phil is a member of various professional organizations including Houston Producers Forum Houston Energy Finance Group ADAM Houston IPAA and TIPRO AAPL AAPG SIPES and the LSU Foundation Phil earned a Bachelor of Science in Geology from LSU and a Master of Science in Geology from the University of Louisiana He is involved with various community and charitable organizations and serves on the board of the Pearl Fincher Museum of Fine Arts and the Centrum League Alfredo M Gonzalez President C E O RYAN SESSIONS Senior Petroleum Engineer Mr Sessions Petroleum Engineer is responsible for all of New Century Exploration Inc s drilling completion and production operations He has a Bachelor of Science degree in Engineering from Texas A M and has worked at New Century for 6 years He has significant experience in the Cotton Valley and Haynesville trends of East Texas and North Louisiana the Eagle Ford and Austin Chalk trends of Central Texas and multiple Gulf Coast trends He is an expert at most oil industry technology and software including PhdWin Kingdom IHS TGS DrillingInfo and Spotfire He is an active member of the Society of Petroleum Engineers Tristan W McKinney Cheif Opperating Officer Olivia M Gonzalez Executive Director

2 Executive Summary KEY SUCCESS FEATURES 3D DHL Direct Hydrocarbon Indicator Amplitude Anomalies Shallow dual reservoir gas low risk low cost high return EUR Frio A B 1 270 BCF ROI At 5 50 MCF 475 IPR 188 Payout 6 months The Navidad project is located in Morales Field Jackson County Texas The proposed 4 500 well is positioned to penetrate two potential gas reservoirs Frio A and Frio B at approximate depths of 3 730 and 4 150 These sands produce across a wide area with reservoirs generally limited to one well in size and manifesting 3D seismic attributes very similar to the two target reservoirs These direct hydrocarbon indicators make success highly probable and the well is designed for a dual completion allowing concurrent production from both sands New Century previously drilled the 1 Kallus in Jackson County that has produced 283 440 MCF of gas from a single completion with no decline in the first 15 months of production New Century also drilled 13 similar amplitude anomalies in Lavaca County with 100 success This is a low risk high return opportunity to drill complete and produce a shallow gas well in a period of high and rising natural gas prices

3 Dual Formation Navidad 4 500 Well 1 035 Frio Sand 43ac X10 Sand X 950 MCF ac ft 409 BCF 1 120 Frio Sand 42ac X20 Sand X 950 MCF ac ft 798 BCF Total 1 2 BCF Two Frio Sands with strong direct hydrocarbon indicators

4 3D Seismic Lines Through Drill Site

5 3D Seismic Lines Through Drill Site

6 Amplitude Map Navidad 1 035 Frio Horizon

7 Amplitude Map Frio A Horizon

8 Amplitude Map Frio B Horizon

9 1 Kallus Production

10 New Century Analog

Estimated Partnership Economics Working Interest Participation Working Interest W I 10 Net Revenue Interest N R I 7 5 Participation Drill Test Completion Upon Approval D N T 100 000 C U A 47 000 Total Capitalization 147 000

13 Terms Economics This document was issued by New Century Exploration Any additional markup or promotion is not officially calculated on these terms You will find the current markup or promootion located in our CIM

A F E

11 POTENTIAL REVENUE PROJECTIONS RICH NATURAL GAS P 50 Estimated Results 1 000 MCF X 5 50 5 500 IPD 5 500 IPD X 30 4 Days 167 200 IPM 167 200 IPM X 16 875 N R I 28 215 28 215 2 000 L O E 25 215 IPU 25 215 Gas Proceeds Per Month estimated MCF p d 1000 1400 1800 Income L O E 4 00 5 50 7 00 Monthly Income 20 520 28 215 35 910 Estimated Operating Expenses L O E 2 000 2 000 2 000 Monthly Income 28 728 39 501 Estimated Operating Expenses L O E 2 000 2 000 Monthly Income 36 936 50 787 64 638 Estimated Operating Expenses L O E 2 000 2 000 2 000 50 274 2 000 Annual return 10 50 Potential Premium Natural Gas Liquids Payout 24 month payment These are estimated figures only upon production BPD BARRELS PER DAY MCF MILLION METRIC CUBIC FEET IPD INCOME PER DAY IPM INCOME PER MONTH IPU INCOME PER UNIT L O E LEASE OPERATING EXPENSES these numbers were formulated based on first annual rate of return without expenses and depletion rates These calculations are estimates only and do not reflect any guarantees

Location Map

12 TAX BENEFITS EXAMPLE THE BASIC TAX CONSIDERATIONS INVOLVED IN AN OIL GAS INVESTMENT 1 INTANGIBLE DRILLING COSTS Up to 80 of the investment amount constitutes what is known as intangible Drilling Costs IDC and is deductible against active passive or portfolio income in the first year incurred This includes all labor related costs for the prospect well Including but not limited to drilling contractors professional services and others The total amount of IDC is reported to each participant at the end of the year Please consult with your tax advisor for further details 2 TANGIBLE DRILLING COSTS Approximately 20 of the amount of costs to drill the well constitutes Tangible Drilling Costs TDC This includes but is not limited to all well equipment piping storage tanks wellhead equipment lease expenses and others The exact amount will be determined after the well is drilled This portion of an investment is depreciated over a seven year period Please consult with your tax advisor for further details ESTIMATED TAX INVESTMENT EXAMPLE A B C 183 200 2 600 185 800 Investment Amount Intangible Drilling Costs estimate 1st year deductions of intangible drilling costs estimate 1st year depreciation deduction estimate 91 000 x 20 divided by 7 years TOTAL FIRST YEAR TAX DEDUCTIONS estimate 185 800 x 35 65 030 Total Deduction estimate Maximum Income Tax Bracket TOTAL FIRST YEAR CASH VALUE OF DEDUCTIONS estimate 229 000 x 80 229 000 65 030 163 970 Investment Amount Actual Cash Savings from Tax Deductions estimate AFTER TAX CASH INVESTMENT estimate 3 DEPLETION ALLOWANCE Currently the depletion allowance is 15 This means that fifteen cents of every dollar is tax free Please consult with your tax advisor for further details 4 STATE INCOME TAXES State income taxes could add substantial additional savings however they may vary from state to state Please consult with your tax advisor for further details

14 TAX INCENTIVES Congressional Incentives Encourage Domestic Petroleum Development Oil and Natural Gas from domestic reserves helps to make our country more energy self sufficient by reducing our dependence on foreign imports In light of this Congress has provided tax incentives to stimulate domestic natural gas and oil production financed by private sources Drilling projects offer many tax advantages and these benefits greatly enhance the economics The incentives are not Loop Holes they were placed in the Tax Code by Congress to make participation in oil and gas ventures one of the best taxadvantaged investments Intangible Drilling Cost Tax Deduction The intangible expenditures of drilling labor chemicals mud grease etc are usually about 65 to 80 of the cost of a well These expenditures are considered Intangible Drilling Costs IDC which are 100 deductible during the first year For example a 100 000 investment could yield up to 80 000 in tax deductions during the first year of the venture These deductions are available in the year the money was invested even if the well does not start drilling until March 31 of the year following the contribution of capital See Section 263 of the Tax Code Tangible Drilling Cost Tax Deduction The total amount of the investment allocated to the equipment Tangible Drilling Costs TDC is 100 tax deductible In the example above the remaining tangible cost 25 000 may be deducted as depreciation over a seven year period See Section 263 of the Tax Code Active vs Passive Income The Tax Reform Act of 1986 introduced into the Tax Code the concepts of Passive income and Active income The Act prohibits the offsetting of losses from Passive activities against income from Active businesses The Tax Code specifically states that a Working Interest in an oil and gas well is NOT a Passive Activity therefore deductions can be offset against income from active stock trades business income salaries etc See Section 469 c 3 of the Tax Code Small Producers Tax Exemption The 1990 Tax Act provided some special tax advantages for small companies and individuals This tax incentive known as the Percentage Depletion Allowance is specifically intended to encourage participation in oil and gas drilling This tax benefit is not available to large oil companies retail petroleum marketers or refiners that process more than 50 000 barrels per day The Small Producers Exemption allows 15 of the Gross Income not Net Income from an oil and gas producing property to be tax free Lease Costs Lease costs purchase of leases minerals etc sales expenses legal expenses administrative accounting and Lease Operating Costs LOC are also 100 tax deductible through cost depletion Alternative Minimum Tax Prior to the 1992 Tax Act working interest participants in oil and gas ventures were subject to the normal Alternative MinimalTax to the extent that this tax exceeded their regular tax This Tax Act specifically exempted Intangible Drilling Cost as a Tax Preference item Alternative Minimum Taxable Income generally consists of adjusted gross income minus allowable Alternative Minimum Tax itemized deduction plus the sum of tax preference items and adjustments Tax preference items are preferences existing in the Code to greatly reduce or eliminate regular income taxation Included within this group are deductions for excess Intangible Drilling and Development Costs and the deduction for depletion allowable for a taxable year over the adjusted basis in the Drilling Acreage and the wells thereon

15 K 1 FORM EXAMPLE

16 K 1 FORM EXAMPLE

Certificate of Insurance

Navidad Lease

17 Industry Terms

18 Industry Terms

19 Industry Terms

20 Industry Partners References New Century PHIL MARTIN PRESIDENT CEO Exploration Inc PHILMARTIN NEWCENTURYEXP COM O 281 684 7000 D 713 857 0119 ALFREDO MANZUR GONZALEZ PRESIDENT CEO ALFREDO SOFIEXPLORATION COM O 469 802 0332 D 214 514 9022 REFERENCES KITTELSON LAW OFFICE DOUG KITTELSON DOUG KITTELSONLAW COM WWW KITTELSONLAW COM O 214 734 2700 C 214 704 5721 CATHY GRUEN CATHY HENSLEYCPAS US WWW HENSLEYCPAS US O 214 390 9071 C 972 977 5678 MINDY GAYER BUSINESS DEVELOPMENT MANAGER MGAYER THEENTRUSTGROUP COM O 615 569 9122

Navidad Horizon 1880 West Prosper Trail Prosper Texas 75078 469 802 0331 Admin sofiexploration com