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[QUOTE]Originally posted by Purl Gurl: [QB] May 18, 2005 09:00:59 (ET) TORONTO, May 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dover Petroleum Corp. (DVPC: Pink Sheets) announced an update today with respect to its Colorado/Wyoming assets. Dover Petroleum is pleased to announce the completion of its natural gas gathering line across Federal, State and Fee Lands in Colorado and Wyoming. Dover's wholly owned subsidiary, Slaterdome, Inc., and Slaterdome's partners, Cedar Ridge, LLC and New Frontier Energy, Inc. together own the working and operating rights interest in certain oil and gas leases covering approximately 32,000 gross acres in northwest Colorado and southwest Wyoming (the "Slater Dome Area"). The gathering line stretches over 18 miles and will collect gas from seven wells capable of producing gas in the Slater Dome Field. Starting production in the field is expected to be approximately 2 MMCFGPD. Expected pricing for the gas will be $5 - $7 per MCF, generating initially approximately $70,000.00 in revenues per month for Slaterdome, a subsidiary of Dover Petroleum. Slaterdome's interest in the Slater Dome Area was acquired in several purchases and is approximately 33.33% of the interest. No firm assurances can be provided for hook up to its wells for production or that the Slater Dome field will continue to produce gas at its initial rates and continue to commercially recover natural gas. In addition, substantial additional capital will be required in order to continue the development of the field, and no assurance can be provided that such capital will be available to Dover Petroleum. For Dover Petroleum's East Wadi Araba concession in Egypt, Dover has retained the services of Amer Pasha PhD L.L.C, a prominent European banker with 20 years experience in equity markets, to find potential investment or partners or farm in partners for the exploration concession in Egypt. Mr. Pasha will receive a 10 % commission plus stock options for investment raised. [/QB][/QUOTE]
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