DENVER - New Frontier Energy, Inc. has finished preliminary testing of the company’s Federal 12-1 well at the Focus Ranch Unit.

“We are pleased with the initial results for the Federal 12-1 well, and we are proceeding with requesting assignments of underlying leases in the Unit approximating 36,900 gross acres,” said Paul G. Laird, President and CEO. “Upon completion of the assignments, New Frontier Energy’s total acreage in and adjacent to the Slater Dome Field will increase to approximately 84,700 acres.”

The testing of the well, drilled into Niobrara/Frontier formations, resulted in natural gas and condensate flowing to the surface. The Company’s preliminary flow rates from testing the Frontier formation approximated 1.2 million cubic feet of gas and 100 barrels of condensate per day. Uphole testing of the Niobrara formation yielded flow rate potentials of 1.3 million cubic feet of gas.

Paul G. Laird, President and CEO of NFEI, said, “We anticipate the Federal 12-1 well will produce approximately 2.3 million cubic feet and 100 barrels of condensate per day, and could add between 14 and 25 billion cubic feet of gas reserves to our reserve base, depending upon the completion procedures utilized.”

Denver-based New Frontier Energy has interests in four properties, the Slater Dome Field, in northwest Colorado and south central Wyoming; the Flattops Prospect located in southwest Wyoming; the Amber Waves Prospect in the Denver Julesburg Basin located in northeast Colorado, and has entered into a farm-out agreement to acquire the Farmor’s interest, ranging between a 74% and a 99% working interest on a lease by lease basis, in the Focus Ranch Federal Unit, located in Routt County, Colorado adjacent to and southeast of the Slater Dome Field.