Netcentric is pleased to announce the appointment of Howard Crosby to the Board.

* The Group will participate principally as a non-operating, minority
investor in prospects operated by industry partners known to the Board;
* The Group will focus initially on shallow oil prospects, being prospects
above 5,000 feet, in the continental USA, with primary focus on established
oil producing provinces in Texas, Oklahoma, Louisiana, New Mexico and
Wyoming;
* Where the Group invests in non-producing wells, the Board intends to
invest in areas with proven wells nearby, adjacent to existing productive
wells, or with other geologic or seismic indications that the risks of the
prospect are relatively low;
* The Group's target investment price for producing oil assets is
approximately US$12 to US$15 per barrel, and funding costs for non-producing
assets are intended to be approximately US$5 to US$7 per barrel;
* The Group will invest primarily where the operator of the well, the
subject of the investment, has invested in the project; and
* Individual investments in proven undeveloped wells are unlikely to
exceed $100,000, thus diluting the Group's risk profile.