The most current daily production report, dated June 6, 2007, records 751 MCF of gas production from the coalbed methane wells at the Slater Dome Field. "The Slater Dome Prospect is ideally located geographically in the Sand Wash Basin in northwest Colorado and southwest Wyoming in a geologic feature called the 'Atlantic Rim' where a number of coalbed methane projects have been and are being successfully operated," said Robert Salna, CEO. Slaterdome's ownership amounts to a net working and operating rights interest of approximately 33.33% in the Slater Dome Area.
Dover also announced that an onshore drilling rig is currently contracted for Dover and Sea Dragon and will begin drilling as soon as the drill pad is constructed in the East Wadi Araba (EWA) Concession located in the Gulf of Suez, Egypt. The rig is currently preparing to demob and move to the EWA site, which is about a 10 day process. The target called the EWA-4X well will be drilled from an onshore surface location and deviated to test the potential of the following offshore intervals:
--Post Zeit Sands --Belayim Dolomites --Cenomanian Sands --Nubia Sands --Fractured Basement
Dover Petroleum anticipates that it will provide further updates as the actual drilling of the 4X well commences, which is expected within 14 days.
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