Dover Petroleum Increases Gas Production
Dover Petroleum announced that its wholly owned subsidiary, Slaterdome and its exploration and development partners, are recording averages of 970 Mcf per day at the Slater Dome Field in Wyoming. Production during the six-month period preceding this season's drilling program averaged 250 Mcf per day.
"Nine existing, producing wells have been improved and the six new wells drilled during the 2007 summer program are being completed," said Robert Salna, Dover Petroleum CEO.
"We are also improving the central compressor site to be ready for increased gas production from the new wells, which is expected in October. Our 2007 development program has been ahead of schedule and very successful."
Slaterdome's ownership amounts to a net working and operating rights interest of approximately 33.33% in the Slater Dome Area.
In its project in Egypt, Dover announced that drilling has reached the 5,100-foot level and is continuing. The target depth for the oil in the Nubian Sandstone reservoir in the Gulf of Suez is 7,100 feet.
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