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Dejour Energy Ltd.

Publié le 03 mars 2009

Provides Piceance Operations Update

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Mots clés associés :   Canada | K Street | Utah |

Dejour Provides Piceance Operations Update

Gibson Gulch Resource Estimate Pegged at 209 Bcfe

Laramie Finalizing Exploration Program for Rangely Project

Vancouver , Canada . March 3, 2009 (NYSE AMEX: DEJ / TSX: DEJ) Dejour Enterprises Ltd. announces the following updates:

Gibson Gulch
A preliminary resource evaluation from Norwest Corporation on Dejour�s 2610 gross acres (2088 net) in the Gibson Gulch prospect has recently been completed.  The evaluation effective January 15, 2009 defines the likely distribution oil and gas resource in this prospect.  In conclusion Norwest estimates that gross Prospective Resources under Dejours acreage to range from a low estimate of 104 billion cube feet equivalent (Bcfe) (84 Bcfe net) to a high estimate of 392 Bcfe (302 Bcfe net) with a most likely estimate of 209(Bcfe) (167Bcfe net).  The low, most likely, and high estimates are identified as follows:

  • There should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate.
  • There should be at least a 50% probability (P50) that the quantities recovered will equal or exceed the most likely estimate.
  • There should be at least a 10% probability (P10) that the quantities recovered will equal or exceed the high estimate.

Rangely

As noted in the November 17, 2008 press release, Dejour announced a joint venture agreement with Laramie Energy ll LLC, The joint venture agreement entails Laramie will have the right to earn 55% of the 22,000 gross acres (15,700 net acres) Rangely prospect by completing at least four commercially productive wells.  This project is proceeding on schedule.  The final drilling locations have been chosen and are currently applying for permits.  Drilling is expected in Q3/09.

Hal Blacker reports �We are very pleased that the Rangely project is moving ahead on schedule despite the overall downturn in industry activity. We are also very encouraged that in the current economic environment the resource assessment of our Gibson Gulch Prospect has been increased.   These numbers  reflect the quality of the leases in this prospect and the impact on our leases of development activities on nearby leases in 2008.  We will continue to move cautiously in this environment while evaluating different options to maximize the value of our Gibson Gulch Prospect."

Harrison Blacker, MS Eng., is the qualified person for this report. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.  Prospective resources have both an associated chance of discovery and a chance of development. There is no certainty that any portion of the resources will be discovered.  If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

 

Dejour. Energy. Independence.        

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, 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- Alt: 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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Dejour Energy Ltd.

EXPLORATEUR
CODE : DEJ.V
ISIN : CA24486R1038
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Dejour Energy est une société d’exploration minière et de pétrole basée au Canada.

Dejour Energy détient divers projets d'exploration au Canada.

Son principal projet en production est WOODRUSH au Canada et ses principaux projets en exploration sont R-SEVEN, SAND HILL, PEACE RIVER ARCH, FLEMING et GARTNER LAKE au Canada.

Dejour Energy est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 17,9 millions CA$ (13,7 millions US$, 11,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,76 CA$, et son plus bas niveau récent le 10 octobre 2008 à 0,33 CA$.

Dejour Energy possède 36 509 953 actions en circulation.

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Présentations des Compagnies de Dejour Energy Ltd.
18/02/2009’s New Corporate Presentation and Webcast
Dans les médias de Dejour Energy Ltd.
20/06/2007Ranked in the Top 50 Public Venture Companies by the TSX in ...
Rapports annuels de Dejour Energy Ltd.
Annual Report 2007
Financements de Dejour Energy Ltd.
07/06/2012Closes US$ 4.7 Million Equity Offering
22/10/2009Completes Second Tranche of Flow Through Financing
28/09/2009to Privately Place C$2 Million Flow-Through
25/05/2007Raises $10 million, Closes Private Placement
Attributions d'options de Dejour Energy Ltd.
02/11/2007 to Re-price and Issue Stock Options
Nominations de Dejour Energy Ltd.
10/04/2013Accepts Devine Resignation
07/01/2009Rebrand Reflects New Appointments and Operational Success
26/03/2008Appoints Harrison F. Blacker to Head US Oil & Gas Operations...
Rapports Financiers de Dejour Energy Ltd.
14/08/2009Quarterly Financial and Operating Results
Projets de Dejour Energy Ltd.
13/05/2013Readies for Initial Kokopelli Production
06/05/2013Commences Drilling 4th Kokopelli Well
01/04/2013Resumes Drilling at Kokopelli
21/09/2012Adds to NW Colorado Exploration Leaseholds
08/06/2012(Woodrush)on Woodrush Production
26/05/2011(Woodrush)Preliminary Scoping Study Suggests 1.3 Million BO Remain Rec...
08/07/2010Announces Strong June 2010 Production Results
07/06/2010(Peace River Arch)Announces May 2010 Record Production Results
06/08/2009(Peace River Arch)Improves Operational Efficiencies at Peace River Arch
Communiqués de Presse de Dejour Energy Ltd.
24/04/2013Sets Casing at Kokopelli
19/02/2013Operations Update Q1 2013
28/01/2013David Matheson Appointed CFO=2C Dejour Energy Inc.
07/11/2012Reports Q3 2012 Revenue of $1.55 Million
25/09/2012Successfully Drills Initial Kokopelli Well to 8440=E2??
04/09/2012Moves Drill Rig to Kokopelli Leasehold
14/08/2012Reports Q2 2012 Revenue of $1.77 Million
22/05/2012(Woodrush)on Woodrush Waterflood
15/05/2012Reports Q1 2012 Revenue of $1.93 Million
31/03/2012Reports Q4 2011 Revenue of $2.5 Million
29/07/2011(Gibson Gulch)Public Comment Commences at Gibson Gulch
13/07/2011Noverra Research Analysts Initiate Independent Coverage of D...
09/05/2011Chairman's Letter
04/05/2011(Woodrush)Increases Woodrush Landholdings
31/03/2011Highlights 2010 Year End Results
24/03/2011Becomes Dejour Energy Inc.
16/08/2010Announces $559K Operating Cash Flow for Q2 2010
10/08/2010Announces July 2010 Woodrush Production
14/10/2009Closes First Tranche of 2009 FT Financing with MineralFields
01/10/2009Announces Analyst Coverage and Report by Zacks Investment Re...
17/08/2009Gibson Gulch Value Substantiated by Williams Co. Purchase of...
26/06/2009Retains Key Strategist / Balances Board of Directors
03/03/2009Provides Piceance Operations Update
09/02/2009Extends Leadership Expertise with New Director
06/01/2009Chairman's Message
17/12/2008Expects 2008 Production Exit At 1000 Boe Daily
19/11/2008To Trade on TSX November 20, 2008
17/11/2008Selects Laramie Energy Llc To Joint Venture In The Piceance ...
11/11/2008To Present at Rodman & Renshaw Conference in NYC, Tuesday No...
03/11/2008To Present At Two Leading Energy Conferences
02/10/2008To Present at IPAA Oil and Gas Investment Symposium
22/09/2008Retains Porter, LeVay & Rose, Inc.
18/09/2008ADDS TWO NEW WELLS AT WOODRUSH PROJECT
04/09/2008Announces Management Changes
25/08/2008Secures $7,000,000 Bank Line for Peace River Arch Winter Dri...
18/08/2008Grows 'Montney' Block - Targets Royalty Free Oil
22/07/2008Acquires Additional 'Montney' Lands in NE BC
17/07/2008Increases Peace River Arch Reserve Valuation
20/06/2008Successful in NE British Columbia Montney Land Sale Purchase
18/06/2008to Drive Development with Rocky Mountain Region Acquisition
23/04/2008Profiled on Latest "Morning Notes"
14/04/2008Provides Update on Investment in Titan Uranium
05/04/2008Flows First Natural Gas from Peace River Arch
06/03/2008Completes Winter Drilling in Canada's Peace River Arch, Anti...
20/02/2008Tests More Gas at Peace River Arch as Natural Gas Prices Cli...
12/02/2008Sees Leverage in Titan Uranium - Japan Oil, Gas and Mining (...
11/02/2008On Track for Natural Gas Production in Canada's Peace River ...
22/01/2008's Success Continues at Drake in Canada's Peace River Arch
22/01/2008 Makes New Discoveries in Canada's Peace River Arch
08/01/2008 Reports on Piceance Testing and Cases 3 New Peace River Wel...
13/12/2007 Updates Peace River Arch/ Piceance Drilling and Completion ...
06/12/2007 Webcast Alert
26/10/2007 Updates Piceance and Peace Arch Projects
25/09/20072nd Piceance Basin Well Contains 254' Net Pay
19/09/2007Updates Drilling/Completion for Piceance and Peace Arch Pros...
05/09/2007Piceance Basin Well Contains 263' Net Pay
29/08/2007Confirms its First Piceance Basin Natural Gas Discovery.
10/08/2007 Market Opportunity
09/08/2007Updates Piceance Barcus Creek Drilling Program
25/07/2007Expands E&P Activity in Canada's Peace River Arch
13/07/2007Updated Valuation Report by Khandaker Partners
05/07/2007Revisits Tinsley
21/06/2007Primed for Piceance-Uinta Drilling Program
18/05/2007Lists on the American Stock Exchange - Trading Symbol “DEJ”
03/05/2007Second Natural Gas Discovery for Dejour in Peace River Arch
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TSX-V (DEJ.V)AIM (DEJ)
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