New Frontier Energy Operational Update
February 01 2010 - 7:46AM
PR Newswire (US)
DENVER, Feb. 1 /PRNewswire-FirstCall/ -- New Frontier Energy, Inc.
(OTC Bulletin Board: NFEI) announced today an update of recent
operations activity. Drilling Update New Frontier Energy, Inc. (the
"Company") recently completed the drilling of two successful wells
in the Slater Dome field: (i) the Robidoux 13-15 Twin drilled in
November 2009 to a total depth of 7,800', and (ii) the Battle
Mountain Federal 14-15 drilled in December 2009 to a total depth of
7,684'. These wells encountered pay in the Mesa Verde Sands, Mancos
Shale, Niobrara Shale, Carlile Shale, Frontier Sands, and other
sections. Production from the Robidoux 13-15 Twin and Battle
Mountain Federal 14-15 is anticipated to commence in the second
quarter of 2010. These wells were the first drilled by the Company
since 2007. Unlike previous coal bed methane wells, these wells
have the potential to produce at much higher rates from deeper
conventional zones bearing oil and natural gas. The Company's
management is optimistic about the production possibility from
these wells, which tested oil and gas from multiple stacked pay
zones. Robidoux 13-15 Twin The Robidoux 13-15 Twin encountered 113
feet of pay in targeted formations, which included the Deep Creek
Sands, Mancos Shale, Niobrara Shale, and Carlile Shale, Hatfield
Sands, Cherokee Creek Sands, and the Frontier Sands. Flow tests
indicate potential for significant hydrocarbon production from
multiple zones with test rates totaling approximately 3.4 MMCFPD.
These tests rates, while encouraging, are not indicative of what
the actual production from the well may be. The Carlile Shale and
Frontier Sands zones were not logged or flow tested due to a loss
of hole integrity during evaluation. The well is currently shut in
waiting on further completion efforts scheduled in the second
calendar quarter of 2010. Battle Mountain Federal 14-15 The Battle
Mountain Federal 14-15 encountered 513 feet of pay in targeted
formations, which included the Iles Coals, Deep Creek Sands,
Niobrara Shale, Carlile Shale, Hatfield Sands, Cherokee Creek
Sands, Mancos Shale, and Frontier Sands. Over 2/3 of the pay is
from the deeper Niobrara Shale and Carlile Shale sections, which
exhibited significant natural fracturing. The Iles Coal zone was
the thickest encountered to date in the Slater Dome field. Due to
well formation issues, it was not possible to log the Niobrara
Shale, Carlile Shale and Frontier Sands sections. The well is
currently shut in waiting on further completion efforts scheduled
in the second calendar quarter of 2010. Bureau of Land Management
sanctioned drilling dates limited the ability to flow test of the
well. Focus Ranch Development Plans The Company is preparing to
submit the final pipeline application for construction of a
gathering system to tie-in the Focus Ranch Federal 12-1 and the
Focus Ranch Federal 3-1 wells into the Company's existing gas
gathering line. Subject to receipt of the appropriate permissions,
construction is scheduled to begin in July 2010. About New Frontier
Energy, Inc. New Frontier Energy, Inc. is a Denver-based
independent oil and gas company actively engaged in the exploration
and development of oil and gas properties in the United States. New
Frontier Energy has interests in multiple properties in Colorado
and Wyoming, including the Slater Dome Field and the Focus Ranch
Federal Unit, among others. Contact Information For general
inquiries about New Frontier Energy, Inc. or specific inquires
related to the matters contained in this press release,
shareholders or other parties should contact the Company by email
at . Forward-Looking Statements The statements contained in this
press release which are not historical fact are forward-looking
statements that involve certain risks and uncertainties including,
but not limited to, increases or decreases in prices for natural
gas and crude oil, expected rates of production of oil and gas, the
timeliness, costs and success of development activities,
unanticipated delays and costs resulting from regulatory
compliance, and other risk factors described from time to time in
the Company's periodic reports filed with the Securities and
Exchange Commission. No assurances can be given that these
statements will prove to be accurate. A number of risks and
uncertainties could cause actual results to differ materially from
these statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and
reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections,
assumptions or other future performance suggested herein. Except as
required by applicable law, including the securities laws of the
United States, we do not intend to update any of the
forward-looking statements to conform these statements to actual
results. DATASOURCE: New Frontier Energy, Inc. CONTACT: New
Frontier Energy, Inc.,
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