New Frontier Acquires Colorado Seismic Data
New Frontier Energy, Inc. said that it has acquired a license to approximately 335 miles of 2D seismic data that identify more than 150 drill site locations in Colorado. The company expects to use the seismic data to identify oil and gas prospects for future acquisition and development.
"We are excited about the data we have acquired,” said Paul G. Laird, New Frontier's president and CEO. “We plan on utilizing the information to acquire drillable, conventional oil and gas prospects, which will diversify out acreage positions. The acquisition of the data is a step towards our goal of internally developing and acquiring additional oil and natural gas prospects capable of producing significant reserves. The acquired prospects will be marketed within the industry on a promoted or carried working interest basis."
New Frontier Energy, Inc. is an independent energy company engaged in the exploration, development, and production of natural gas and oil and the acquisition of natural gas and oil properties. The company has an interest in three principal properties: the Slater Dome Prospect, in northwest Colorado and south central Wyoming, the Flattops Prospect in southwest Wyoming, and the Nucla Prospec in western Colorado. The company's current and primary focus is on the development and expansion of the Slater Dome and the Flattops prospects. Both are coal bed methane projects located in the Sand Wash Basin in northwest Colorado and southwest Wyoming.
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