Dejour Announces May 2010 Record Production
Results
Woodrush May Production
Increases 332% from Q1 2010 Average
Calgary, Alberta,
June 7, 2010 -- Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX:
DEJ) ("Dejour"), a high growth oil and natural gas company
operating multiple exploration and production projects in Northeastern
British Columbia and Western Colorado, today announces record crude oil and
natural gas output in May from the Company's Woodrush Project located in
the Peace River Arch in British Columbia, Canada.
Gross project oil and gas production for the month of May was 31,580
barrels of oil equivalent (BOE), a 332% improvement over the average gross
monthly production of 9500 BOE during Q1-2010.
Daily Production
May 2010
By Product: Natural Gas
2,208 mcf/d
Oil
680 bbl/d
Gross Total
1,018 boe/d
Dejour Net 75% WI
764 boe/d
Production increase followed multiple discoveries at the A-1-I and A-91-H
locations at Woodrush during Dejour's Q1-2010 winter drilling program. The
Company plans to accelerate field development with additional oil drilling
scheduled to begin in Q3-2010.
Harrison Blacker, Dejour President and COO states,
"The month of May has provided the Company with significant production
improvement at Woodrush. Furthermore, additional project data accumulation
leads us to believe that there is opportunity for further 'Halfway' and
'Gething' reserve expansion, with a long-term potential for recoverable
reserve increase through water flood. This project is exceeding expectation
and defining itself as an important long term contributor to the Dejour
value equation."
About Dejour
Dejour Enterprises Ltd. is a high growth oil and natural gas company
operating multiple exploration and production projects in North America�s
Piceance / Uinta Basin (109,000 net acres) and Peace River Arch regions
(20,000 net acres). Dejour�s veteran management team has consistently been
among early identifiers of premium energy assets, repeatedly timing
investments and transactions to realize their value to shareholders' best
advantage.
Dejour, maintains offices in Denver, USA, Calgary and Vancouver, Canada.
The company is publicly traded on the New York Stock Exchange Amex (NYSE
AMEX: DEJ) and Toronto Stock Exchange (TSX: DEJ).
BOE Presentation: Barrel of oil equivalent amounts have been
calculated using a conversion rate of six thousand cubic feet of gas to one
barrel of oil. The term "BOE" may be misleading if used in
isolation. A BOE conversion ratio of one barrel of oil to six mcf of gas is
based on an energy equivalency conversion method primarily applicable at
the burner tip and does not represent a value equivalency at the well head.
Total BOEs are calculated by multiplying the daily production by the number
of days in the period.
Statements Regarding Forward-Looking Information: This news
release contains statements that may constitute "forward-looking
statements" or "forward-looking information" within the
meaning of applicable securities legislation as they involve the assessment
that the reserves and resources described can be profitably produced in the
future, based on certain estimates and assumptions, these forward-looking
statements include but are not limited to, the availability of funding for
future projects, anticipated recovery per well for Gibson Gulch, the, risks
related prospective resource best estimate being inaccurate or incomplete
or based upon errors in assumptions, adverse general economic conditions,
operating hazards, drilling risks, inherent uncertainties in interpreting
engineering and geologic data, fluctuations in oil and gas prices and
prices for drilling and other well services, government regulation and
foreign political risks, 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 does not accept responsibility for the adequacy or accuracy
of this news release.
Robert L. Hodgkinson, Co-Chairman & CEO
Investor Relations � New York
598 � 999 Canada Place
Craig Allison
Vancouver, BC Canada V6C 3E1
Phone: 914.882.0960
Phone: 604.638.5050 Facsimile: 604.638.5051
Email: callison@dejour.com
Email: investor@dejour.com
size=2 width="100%" align=center>
Disclaimer: We seek safe
harbor. The third-party link provided on this e-mail is provided
solely for convenience of the reader. Dejour assumes no responsibility for
the accuracy or completeness of information accessed through the link. We
seek safe harbor. 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.
|