Entek to Resume Green River Basin Activity

Entek advised that activity is scheduled to resume next week in the Green River Basin onshore Colorado and Wyoming, following the northern winter. Entek is earning up to 55% in the farm-in to approximately 66,000 acres of leasehold, production and associated facilities with New Frontier Energy, Inc.

The upcoming program is anticipated to result in:

  • Commencement of Niobrara Formation oil and gas production through:
    • the testing and completion of Robidoux 13-15T and Battle Mountain 14-15 wells. Both Robidoux 13-15T and Battle Mountain 14-15 wells were drilled in late 2009 and encountered encouraging oil and gas shows in numerous zones, including the primary target, the Niobrara Formation; and
    • the drilling of up to 4 new wells, with the Niobrara Formation as the primary target, and the Mancos and Frontier Formations as secondary targets, with all three formations expected to be productive.
  • Increased coalbed methane production from the Slater Dome Coalbed Methane Field through the drilling of up to 4 new wells and the re-completion of 3 existing wells, plus additional workovers.

This activity is scheduled to occur from June 2010 through to the end of November 2010.

Entek's CEO Russell Brimage, stated, "We are delighted to be recommencing activities in the Green River Basin. The program will allow Entek to move forward with the exploitation of the exciting Green River Basin, and in particular the Niobrara Formation. Entek sees potential for upwards of 200 wells across this under explored acreage, targeting the Niobrara as the primary objective, with upside potential in each well from up to another 5 productive formations. As drilling results confirm the anticipated outcomes, Entek will look to accelerate the development program, to fully exploit the resource."