OilVoice - New Frontier Energy Completes Testing Federal 12-1 Well at Focus Ranch Unit

New Frontier Energy Completes Testing Federal 12-1 Well at Focus Ranch Unit

Tuesday, October 28, 2008

New Frontier Energy, Inc., a natural resource company engaged in the exploration, acquisition and development of oil and gas properties in the United States, has finished preliminary testing of the Federal 12-1 well at the Focus Ranch Unit.

“We are pleased with the initial results for the Federal 12-1 well, and we are proceeding with requesting assignments of underlying leases in the Unit approximating 36,900 gross acres. Upon completion of the assignments, New Frontier Energy’s total acreage in and adjacent to the Slater Dome Field will increase to approximately 84,700 acres,” said Paul G. Laird, President and CEO of New Frontier Energy.

The testing of the well, drilled into Niobrara/Frontier formations, resulted in natural gas and condensate flowing to the surface. The Company’s preliminary flow rates from testing the Frontier formation approximated 1.2 million cubic feet of gas and 100 barrels of condensate per day. Uphole testing of the Niobrara formation yielded flow rate potentials of 1.3 million cubic feet of gas. Paul G. Laird, President and CEO of NFEI said, “We anticipate the Federal 12-1 well will produce approximately 2.3 million cubic feet and 100 barrels of condensate per day, and could add between 14 and 25 billion cubic feet of gas reserves to our reserve base, depending upon the completion procedures utilized.”