On June 26th 2009, ENTEK announced a conditional offer to earn up to 55% of New Frontier Energy Inc.'s (NFEI) interest in a large acreage portfolio (approximately 66,000 acres) in the Green River Basin, in Colorado and Wyoming in the USA had been accepted subject to completion of documentation. On August 13th 2009, ENTEK announced that a farm-in agreement had been executed.
Entek is to acquire 55% interest in 66,000 acres including Slater Dome Gas Field and Focus Ranch Oil & Gas Unit & associated infrastructure.
ENTEK commenced the farm-in program immediately following execution, performing work-overs of wells on the Slater Dome Field and a successful test of oil and gas from the Focus Ranch 12-1 well. The drilling of the Robidoux 13-15T and Battle Mountain 14-15 wells is a continuation of the farm-in program and are currently drilling.
The play types include Coal Bed Methane (CBM), Conventional Sandstones and Naturally Fractured Reservoirs (NFR)
Coal Bed Methane (CBM) potential exists in the coal measures within the Mesaverde Group and is extensive throughout the held acreage and AMI area.
Naturally Fractured Reservoirs (NFR) exist within the Niobrara and Mancos Formation enhanced by volcanic intrusives as evidenced by the production in the southeast from the Focus Ranch 12-1 well and the production from the Kirby wells within the Focus Ranch Unit and the Sierra Madre Field to the northwest, immediately adjacent to the acreage, and is extensive throughout the held acreage and AMI area.
Conventional sandstone targets exist in numerous sandstones, including the Frontier Sandstone, Deep Creek Sandstone, and Dakota Sandstone. The Frontier Sandstone has been successfully tested in the Focus Ranch 12-1 well and produces from numerous fields regionally. The Deep Creek and Shannon Sandstones produce oil and gas from the Savery Field and Sierra Madre Field adjacent to the leased acreage.
