New Frontier Energy Inc (NFEI)

Description:

New Frontier Energy, Inc. was incorporated as Storage Finders.com under the laws of Colorado on January 7, 2000. In March 2001 the Company changed its name to New Frontier Energy, Inc. is a domestic energy company engaged in the exploration for, and development of, oil and natural gas reserves in the continental United States. In February 2002, it was acquired by Wyoming Oil & Minerals, Inc. ('WYOG'). In mid 2003, The Company determined to become an independent, but publicly traded, entity. During the fiscal year ended February 28, 2009, it had an interest in five principal properties: the Slater Dome Field, located in northwest Colorado and south central Wyoming is comprised of 41,277 gross acres and 28,177 net acres. The Company acquired its interest in the Slater Dome Field in 2001, when it acquired Skyline. Skyline in turn, acquired its interest in the Slater Dome Field in November 1998 from Energy Investments, Inc., a privately held, independent third party; the Flattops Prospect located in southwest Wyoming (the Flattops Prospect'); the Gibraltar Peaks Prospect ('Gibraltar Peaks'); the North Slater Dome Prospect ('North Slater Dome Prospect:') located in south central Wyoming, and the Weitzel Prospect, formerly known as the Amber Waves Prospect ('Weitzel Prospect') located in northeast Colorado in the Denver Julesburg Basin. The Flattops, North Slater Dome, Gibralter Peaks, and Weitzel Prospect are, undeveloped, which means they do not currently produce any oil or natural gas. The Company is the operator of the Slater Dome Field, the Weitzel Prospect, the North Slater Dome Prospect and the Flattops Prospect. The Company also owns certain royalty interests in certain wells in the state of Wyoming other than in the Slater Dome Field. The oil and natural gas industry is intensely competitive. Its competition includes major natural resource companies that operate globally, as well as independent operators located throughout the world, including North America. The production and sale of oil and gas are subject to various federal, state and local governmental regulations.