SOURCE: New Frontier Energy, Inc.

April 10, 2006 06:01 ET

New Frontier Energy, Inc. (NFEI) Receives Temporary Surface Water Discharge Permit for Its Wells at Slater Dome

DENVER, CO -- (MARKET WIRE) -- April 10, 2006 --New Frontier Energy, Inc. (OTC BB: NFEI) today announced that a temporary surface water discharge permit was obtained from the state of Colorado for its wells at the Slater Dome Prospect.

Paul G. Laird, New Frontier's President and CEO, commented, "We are excited about this discharge permit as it allows us to aggressively pump water from all of our wells at the Slater Dome Prospect. We anticipate that the increased rate of water production will increase our gas production rate and decrease our operating costs. This discharge facility will provide an environmentally safe method of disposing of produced water and will also benefit the ranching community of the Little Snake River Valley. We anticipate receiving a permanent discharge permit within the next 90 days."

About New Frontier Energy, Inc.

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's current and primary focus is on the development and expansion of the Slater Dome Field. This field is a coalbed methane project encompassing approximately 35,000 acres located in northwest Colorado and southwest Wyoming. The Company owns a majority of the limited partnership interests in a Partnership that owns a 18-mile gas gathering line that delivers gas from the Slater Dome Prospect to a transportation hub located near Baggs, Wyoming. New Frontier has also acquired 4,200 acres of mineral rights at its Flattops coal bed methane prospect, adjacent to its gas gathering line. New Frontier Energy also holds 28 different leasehold interests in approximately 40,000 gross acres in its Nucla Prospect located in southwest Colorado. The company's common stock is listed on the over the counter bulletin board under the symbol "NFEI." Additional information about New Frontier Energy, Inc. can be found at the Company's website www.nfeinc.com.

This release may contain forward-looking statements including declarations regarding New Frontier Energy, Inc. and its subsidiary's future and expected performance based on assumptions that the Company believes are reasonable. No assurances can be given that these statements will prove to be accurate. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, decreases in prices for natural gas and crude oil, unexpected decreases in gas and oil production, the timeliness, costs and success of development activities, unanticipated delays and costs resulting from regulatory compliance, and other risk factors described from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

Contact Information

  • Contact:
    For further information contact:
    Paul G. Laird
    President/CEO
    Phone: 303-730-9994

    Beverly L. Jedynak,
    Investor Relations
    Martin E. Janis & Company, Inc.
    312-943-1100 ext. 12