Entek Energy Limited
(ASX:ENE) (“Entek” or “the Company”) is pleased to provide the following Activities Report for the quarter ended 31 December 2010. This quarter has been a very active time for the Company. Operations in the Green River Basinhave resulted in the company increasing its earning to 36.5% of the New Frontier Energy Inc.
(NFEI) interest (working up to a 55% interest via farmin). The work program has also resulted in a significant increase in Reserves and Contingent Resource associated with the Niobrara Play. Offshore in the Gulf of Mexico the Company successfully discovered additional gas reserves in GA A133, which is planned for development in 2011. The VR 341/342 Oil Project in the Gulf of Mexico was further progressed with the Plan of Exploration being submitted.
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