Dejour Energy Ltd.

Published : September 18th, 2008

ADDS TWO NEW WELLS AT WOODRUSH PROJECT

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Keywords :   Canada | K Street | Market | Natural Gas | Oil | Uranium |

DEJOUR ADDS TWO NEW WELLS AT WOODRUSH PROJECT

September 18, 2008

Company Now Producing 630 BOE Daily 

Updates Market on Peace River Arch Winter Exploration Program, And Piceance Basin Developments

CALGARY, ALBERTA, September 18, 2008 -- Dejour Enterprises Ltd. (Amex: DEJ / TSX-V: DEJ). announces that two additional wells from its Woodrush project in NE BC are being brought on line for production today, which brings its total production to 630 barrels of oil equivalent daily, using a standard 6000 cubic ft. of gas to 1 barrel of oil ratio.  In addition, the company has announced its winter exploration plan for its Peace River Arch property and developments in the Piceance Basin.

The Company�s current production levels suggest that operating netback revenue per month by December 2008 will reach a level of C$1.1m assumed completion of tie-ins described below. The netback is equal to the gross revenues less royalties, lease operating expenses and transportation costs.

Dejour�s Chairman and CEO Robert L. Hodgkinson said, �We are very excited by the increased production these wells represent.  We anticipate further production increases in the coming months, and 2009 promises to be a good year for Dejour based on the success we have had in developing our properties.�

Assuming tie-ins described below, the Company�s current anticipated production status is as follows:

Project

Period Online

Net Gas/d

Net Oil/d

Total BOE/d Equivalent

Drake (4)

Q2/08

2000 mcf/d

 

334

Woodrush

Q3/08

  700 mcf/d

 

116

Woodrush

Q3/08

 

180 barrels (restricted)

180

 

 

 

 

 

Total

Q3/08

2700 mcf/d

180 barrels (restricted)

630

Q4 Incremental Production

Project

 

Period Online

Net Gas/d

Net Oil/d

Total BOE/d Equivalent

Carson Creek

Oct/08

1800 mcf/d

100 barrels

400

Saddle Hills (2)  *

Q4/08

  500 mcf/d

 

83

2008 Total Estimated Production Exit Rate

 

 

5000 mcf/d

 

280 barrels

 

1000+

*Dejour not the operator- timing for production indeterminate

Peace River Arch Winter Exploration Program

The program is expected to begin in early to mid December 2008 depending on winter freeze.  In this area, field work is typically from December through March, and requires cold temperatures for drilling.  Dejour plans to drill and complete into pipe 4 development wells at its Woodrush facility, continue to evaluate the Montney sand/shale potential of its recent land purchases (6350 acres,100% owned), and potentially drill up to 2 additional wells at either Saddle Hills or Carson Creek pending production profiles and current negotiations. This winter program (budgeted at C$10M) is expected to be funded by current and future cash flow and credit facilities.

Piceance Basin

Dejour Energy (USA) Corp., COO Harrison Blacker reports progress in completing site specific engineering and geological assessment of several of Dejour land blocks, including the processing of drilling permits at the Company's Roan Creek, Williams Fork project where 7 drill sites have been chosen to host 50-80 wells. Operations are to commence in 2009.

Dejour Energy USA has now categorized its landholdings into 5 separate business units:

Williams Fork       resource gas (1500+wells)  30,000 acres
72%WI Dejour operator  
Mancos B Shale      resource gas 22,000 acres
72%WI Dejour operator  
Weber Subthrust       wildcat oil 74,000 acres
72%WI Dejour operator  
Greentown/Cane Creek       resource gas/oil 14,000 acres
25%WI  Fidelity operator  
Re-sale lands       gas/oil  150,000 acres
25%WI Retamco operator  

The company is pleased to have established an operating presence in this basin and has now been successful in attracting a highly qualified and experienced staff to prudently execute the profit maximization model associated with each business unit. This includes preparation to drill, economic assessment of joint ventures and farm out opportunities, pipeline access and divestitures under attractive terms.

Charles Dove, P. Geophysics and Harrison Blacker, M. Engineering are the 'qualified persons' for this report.

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

About Dejour

Dejour Enterprises Ltd, an active micro cap oil and natural gas explorer and producer, strategically assembles and develops North American energy properties. The company has 150,000 net acres of premium energy assets in two of North America�s most prolific areas. Flagship properties encompass 128,000 net acres in the U.S. Rocky Mountains and 22,000 net acres in Canada�s Peace River Arch.

Dejour�s energy portfolio also includes a significant interest in uranium discovery through carried interests and control holdings of Titan Uranium, Inc. (TSX-V: TUE).

Dejour, headquartered in Vancouver, British Columbia, maintains its operations offices in Denver, Colorado and Calgary, Alberta. The company is publicly traded on the American Stock Exchange (Amex: DEJ) and TSX Venture Exchange (TSX-V: DEJ). For further company details please refer to www.dejour.com.

Statements Regarding Forward-Looking Information:This news release contains statements about oil and gas production and operating activities that may constitute "forward-looking statements" or �forward-looking information� within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by Dejour and described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect Dejour�s operations or financial results, are included in Dejour�s reports on file with Canadian and United States securities regulatory authorities. We assume no obligation to update forward-looking statements should circumstances or management's estimates or opinions change unless otherwise required under securities law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100-808 West Hastings Street, Vancouver, BC Canada V6C 2X4
Phone: 604.638.5050  Facsimile: 604.638.5051 Email: investor@dejour.com 

_____________________________________________________________________________

Confidentiality Warning: The content of this transmission is confidential information intended only for the recipient.
All other recipients are prohibited from disclosing, copying, distributing or taking any action in reliance on the contents.
If you are not the intended recipient, please notify the sender immediately. Thank you.

- -
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Dejour Energy Ltd.

EXPLORATION STAGE
CODE : DEJ.V
ISIN : CA24486R1038
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Contact Cpy

Dejour Energy is a and oil exploration company based in Canada.

Dejour Energy holds various exploration projects in Canada.

Its main asset in production is WOODRUSH in Canada and its main exploration properties are R-SEVEN, SAND HILL, PEACE RIVER ARCH, FLEMING and GARTNER LAKE in Canada.

Dejour Energy is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 17.9 millions as of today (US$ 13.7 millions, € 11.0 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.76, and its lowest recent point on October 10, 2008 at CA$ 0.33.

Dejour Energy has 36 509 953 shares outstanding.

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Corporate Presentations of Dejour Energy Ltd.
2/18/2009’s New Corporate Presentation and Webcast
In the News and Medias of Dejour Energy Ltd.
6/20/2007Ranked in the Top 50 Public Venture Companies by the TSX in ...
Annual reports of Dejour Energy Ltd.
Annual Report 2007
Financings of Dejour Energy Ltd.
6/7/2012Closes US$ 4.7 Million Equity Offering
10/22/2009Completes Second Tranche of Flow Through Financing
9/28/2009to Privately Place C$2 Million Flow-Through
5/25/2007Raises $10 million, Closes Private Placement
Option Grants of Dejour Energy Ltd.
11/2/2007 to Re-price and Issue Stock Options
Nominations of Dejour Energy Ltd.
4/10/2013Accepts Devine Resignation
1/7/2009Rebrand Reflects New Appointments and Operational Success
3/26/2008Appoints Harrison F. Blacker to Head US Oil & Gas Operations...
Financials of Dejour Energy Ltd.
8/14/2009Quarterly Financial and Operating Results
Project news of Dejour Energy Ltd.
5/13/2013Readies for Initial Kokopelli Production
5/6/2013Commences Drilling 4th Kokopelli Well
4/1/2013Resumes Drilling at Kokopelli
9/21/2012Adds to NW Colorado Exploration Leaseholds
6/8/2012(Woodrush)on Woodrush Production
5/26/2011(Woodrush)Preliminary Scoping Study Suggests 1.3 Million BO Remain Rec...
7/8/2010Announces Strong June 2010 Production Results
6/7/2010(Peace River Arch)Announces May 2010 Record Production Results
8/6/2009(Peace River Arch)Improves Operational Efficiencies at Peace River Arch
Corporate news of Dejour Energy Ltd.
4/24/2013Sets Casing at Kokopelli
2/19/2013Operations Update Q1 2013
1/28/2013David Matheson Appointed CFO=2C Dejour Energy Inc.
11/7/2012Reports Q3 2012 Revenue of $1.55 Million
9/25/2012Successfully Drills Initial Kokopelli Well to 8440=E2??
9/4/2012Moves Drill Rig to Kokopelli Leasehold
8/14/2012Reports Q2 2012 Revenue of $1.77 Million
5/22/2012(Woodrush)on Woodrush Waterflood
5/15/2012Reports Q1 2012 Revenue of $1.93 Million
3/31/2012Reports Q4 2011 Revenue of $2.5 Million
7/29/2011(Gibson Gulch)Public Comment Commences at Gibson Gulch
7/13/2011Noverra Research Analysts Initiate Independent Coverage of D...
5/9/2011Chairman's Letter
5/4/2011(Woodrush)Increases Woodrush Landholdings
3/31/2011Highlights 2010 Year End Results
3/24/2011Becomes Dejour Energy Inc.
8/16/2010Announces $559K Operating Cash Flow for Q2 2010
8/10/2010Announces July 2010 Woodrush Production
10/14/2009Closes First Tranche of 2009 FT Financing with MineralFields
10/1/2009Announces Analyst Coverage and Report by Zacks Investment Re...
8/17/2009Gibson Gulch Value Substantiated by Williams Co. Purchase of...
6/26/2009Retains Key Strategist / Balances Board of Directors
3/3/2009Provides Piceance Operations Update
2/9/2009Extends Leadership Expertise with New Director
1/6/2009Chairman's Message
12/17/2008Expects 2008 Production Exit At 1000 Boe Daily
11/19/2008To Trade on TSX November 20, 2008
11/17/2008Selects Laramie Energy Llc To Joint Venture In The Piceance ...
11/11/2008To Present at Rodman & Renshaw Conference in NYC, Tuesday No...
11/3/2008To Present At Two Leading Energy Conferences
10/2/2008To Present at IPAA Oil and Gas Investment Symposium
9/22/2008Retains Porter, LeVay & Rose, Inc.
9/18/2008ADDS TWO NEW WELLS AT WOODRUSH PROJECT
9/4/2008Announces Management Changes
8/25/2008Secures $7,000,000 Bank Line for Peace River Arch Winter Dri...
8/18/2008Grows 'Montney' Block - Targets Royalty Free Oil
7/22/2008Acquires Additional 'Montney' Lands in NE BC
7/17/2008Increases Peace River Arch Reserve Valuation
6/20/2008Successful in NE British Columbia Montney Land Sale Purchase
6/18/2008to Drive Development with Rocky Mountain Region Acquisition
4/23/2008Profiled on Latest "Morning Notes"
4/14/2008Provides Update on Investment in Titan Uranium
4/5/2008Flows First Natural Gas from Peace River Arch
3/6/2008Completes Winter Drilling in Canada's Peace River Arch, Anti...
2/20/2008Tests More Gas at Peace River Arch as Natural Gas Prices Cli...
2/12/2008Sees Leverage in Titan Uranium - Japan Oil, Gas and Mining (...
2/11/2008On Track for Natural Gas Production in Canada's Peace River ...
1/22/2008's Success Continues at Drake in Canada's Peace River Arch
1/22/2008 Makes New Discoveries in Canada's Peace River Arch
1/8/2008 Reports on Piceance Testing and Cases 3 New Peace River Wel...
12/13/2007 Updates Peace River Arch/ Piceance Drilling and Completion ...
12/6/2007 Webcast Alert
10/26/2007 Updates Piceance and Peace Arch Projects
9/25/20072nd Piceance Basin Well Contains 254' Net Pay
9/19/2007Updates Drilling/Completion for Piceance and Peace Arch Pros...
9/5/2007Piceance Basin Well Contains 263' Net Pay
8/29/2007Confirms its First Piceance Basin Natural Gas Discovery.
8/10/2007 Market Opportunity
8/9/2007Updates Piceance Barcus Creek Drilling Program
7/25/2007Expands E&P Activity in Canada's Peace River Arch
7/13/2007Updated Valuation Report by Khandaker Partners
7/5/2007Revisits Tinsley
6/21/2007Primed for Piceance-Uinta Drilling Program
5/18/2007Lists on the American Stock Exchange - Trading Symbol “DEJ”
5/3/2007Second Natural Gas Discovery for Dejour in Peace River Arch
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TSX-V (DEJ.V)AIM (DEJ)
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