Amex: DEJ / TSX-V: DEJ
CALGARY, June 20 /CNW/ - Dejour Energy (Alberta) Ltd. is in its third
month of production from its first four well gas wells in Peace River Arch NE
British Columbia. Work continues on the production tie in of six additional
wells completed during last winter's drilling activities. Plans for additional
development during the 2008/09 winter season are well advanced.
Dejour announces it has been successful in acquiring lands on the
emerging Montney natural gas trend in this part of NE British Columbia.
According to Andrew Bradford, Oil & Gas Analyst, Raymond James (February
11/2008, "Canadian Energy Sector") the Montney resource in this region is
potentially one of the largest economically viable unconventional plays in
This report further discusses large producers such as Encana, Duvernay,
Murphy Oil and ARC Energy Trust are actively increasing their spending in this
"Our initial land acquisition on this play is part of a strategic ongoing
growth plan for Dejour in the Peace River Arch area. This sets Dejour on a
track for significant new resource growth through the drill bit for years to
come," says Charles Dove, President Dejour Alberta.
"This Montney land purchase combined with our recent land acquisition in
the Rocky Mountain Basin establishes Dejour's exploration and development
programs for at least the next 18-24 months. I am very pleased that the
Company has been able to acquire properties in two of the strongest oil and
gas resource plays in North America" states Robert L. Hodgkinson, Chairman &
Dejour Enterprises Ltd. is a micro cap Canadian company creating
shareholder value through a balance of exploration, development, production
and monetization of strategic North American energy properties including oil,
natural gas and uranium.
The Company is listed on the Amex (DEJ), TSX Venture Exchange (DEJ.V),
and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to
www.dejour.com for company details or contact the Office of Investor Relations
Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially,
including comments regarding the expectation that the offering will be
completed consistent with the terms outlined above and use of proceeds from
this transaction. Actual results may differ materially from those presented.
Factors that could cause results to differ materially include fluctuations in
oil, gas and uranium prices, changes in U.S. and Canadian securities markets
and failure to receive regulatory approvals. Dejour assumes no obligation to
update this information. There can be no assurance that future developments
affecting the Company will be those anticipated by management. Please refer to
the discussion of risk factors in our Form 20-F for 2006, as amended.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
For further information:
For further information: 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: