Amex: "DEJ"/ TSX-V: "DEJ"
VANCOUVER, Sept. 5 /CNW/ - Dejour Enterprises Ltd. (Amex: DEJ, TSX-V:DEJ
and D5R: Frankfurt) is pleased to announce that the H & P Rig No. 159 has been
released from the N. Barcus Creek No. 1-12 well where logging operations and
the setting of production casing were successfully completed. Dejour engaged
Gustavson Associates, Boulder Co. (Geologists - Engineers - Appraisers) to
conduct a preliminary petrophysical analysis of the No. 1-12 well logs and in
its report Gustavson disclose that it is their interpretation that there exist
reservoir properties consisting of an estimated 263 feet of potential net pay
with average porosity of 10%. Throughout drill operations the mud log showed
strong evidence of reservoir gas.
The H&P Rig No. 159 is in the process of relocating and rigging up to
drill the nearby N. Barcus Creek No. 2-12 well (within approximately 1800 feet
of the No. 1-12 well) to be deepened to a projected TD of 11,425'. Drill
operations should be concluded around the end of September 2007.
This 'Rio Blanco Deep' project is one of over 60 separate exploration
projects held by Dejour (average interest over 25%) in its search for and
exposure to significant energy discovery in the hydrocarbon bearing basins of
Piceance/Uinta in Colorado/Utah and the Peace River Arch of NE British
Columbia/NW Alberta Canada, inclusive of the uranium bearing Athabasca/Thelon
Basins of Northern Canada through its holdings of Titan Uranium (TSX-V: TUE)
and associated carried/royalty interests.
R. Marc Bustin, Ph.D., P.Geol. FRSC is the qualified person for this news
Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil &
gas exploration and production with a significant investment in uranium
discovery. The company acquires high-impact energy assets and strategically
monetizes them to enhance shareholder returns.
The Company is listed on the TSX Venture Exchange (DEJ.V), Amex (DEJ),
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
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995. All statements in this release, other than
statements of historical facts that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects, are forward-looking statements.
Although Dejour believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include uranium and oil and gas prices, well or production
performance, exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business conditions.
The Company expressly disclaims any obligation to update any forward-looking
statements. We seek safe harbor.
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: