August gross production represents an increase of approximately 38%, compared to the June 2007 period, which averaged 700 Mcf per day. The increased production at Slater Dome is primarily a result of a work over program of our existing producing nine wells initiated in June and completed in July 2007. Production during the six-month period preceding the work over program averaged 250 Mcf per day. New Frontier Energy continues the completion stages of six new wells drilled during the 2007 summer program. The work includes fracture stimulating, as well as running gathering lines to the central compressor. The company executed a lease agreement to add an additional four-stage compressor at the central compressor site capable of meeting the ramp up in gas production anticipated as a result of the new wells.
"The completion portion of our 2007 development program is moving ahead on schedule," said Paul Laird, President of New Frontier Energy, Inc. "Gas production from our six new wells is expected to begin during October. While the initial volumes may be nominal, we anticipate production will rise significantly at the Slater Dome CBM Field as dewatering continues, and new wells are added into production which tends to enhance desorption at existing wells located nearby."
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