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FOR IMMEDIATE RELEASE
Dejour
Improves Operational Efficiencies at Peace River
Arch
Woodrush
Drilling Program Developed
Vancouver,
Canada.
August 6, 2009
Dejour Enterprises
Ltd. (NYSE AMEX: DEJ/ TSX: DEJ)
Dejour reports an operations update for Dejour Alberta (DEAL), a wholly
owned subsidiary of the Company.
At the Woodrush project, located in the Peace
River Arch British Columbia, the Company�s engineering team has designed
and implemented several efficiency measures to its C$6.5M operating
facility to enhance production operations. These efficiency measures will
save approximately C$600,000 annually on a go forward basis at current
production rates and set up the facility for greater savings as its production
profile grows. In addition, DEAL G&A expenses have
been reduced by a further C$600,000 annually.
Moving forward, Dejour has developed its 2009/10
winter drilling program that includes plans for 2-3 additional oil wells at
Woodrush, which currently produces 550 gross BOE per day. All operations
through production are expected to be concluded prior to break-up.
To assist the Denver
based engineering team in executing the Woodrush development plan, Steve
Crane, has been appointed to assume the role of acting COO for DEAL
replacing Charles Dove who is returning to his independent consulting
practice. Mr. Crane is a 30-year industry veteran with
extensive technical, managerial and executive experience both upstream and
downstream technology, business development and asset management at ARCO,
Royal Dutch Shell, Muse Stancil and Pioneer Natural Resources. As
founder and President of SURE Northern (Canada), a Royal Dutch Shell
subsidiary, he established the super-giant Grosmont resource base in Alberta
during 2005-2008 as a viable energy source. Mr. Crane has been awarded eight patents for his innovations
in unconventional oil and upstream oil and gas, contributed various
professional papers and is a co-author of the book, "Fractals in
Petroleum Geology and Earth Processes". He received a B.Sc. in
Petroleum Engineering and an M.B.A.
Hal
Blacker, Dejour President & COO states, "Steve has been instrumental in
restructuring our Alberta operations and improving our bottom line. We are
very fortunate that he has agreed to take the operations lead for DEAL as
we approach the winter drilling season."
About Dejour Enterprises Ltd.
Dejour Enterprises is a high growth oil and
natural gas company, with an enviable portfolio of land assets in key
regions of Colorado, Utah, British Columbia and Alberta. Since inception,
Dejour�s veteran management team has consistently been among early
identifiers of premium energy assets, timing investments and transactions
to realize their value to the best advantage of our shareholders. Against a
context of increasing concern about domestic energy production, as
technology continues to make previously inaccessible resources available,
and as natural gas proves to be an important stepping stone on the way to a
greener energy future, Dejour is ideally positioned for significant value
growth. Learn more at Dejour.com.
Dejour. Energy. Independence.
Dejour, headquartered in Vancouver, British
Columbia, maintains operations offices in Denver, Colorado and Calgary,
Alberta. The company is publicly traded on the New York Stock Exchange AMEX
(NYSE AMEX: DEJ) and Toronto Stock Exchange (TSX: DEJ).
Robert L. Hodgkinson, CHM & 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
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 does not accept responsibility for the adequacy or accuracy
of this news release.
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