TSX-V: "DJE"/OTC BB: "DJEEF"
VANCOUVER, April 9 /CNW/ - Dejour Enterprises Ltd. ("Dejour") (TSX-V:
"DJE", OTC BB: DJEEF, Frankfurt: D5R) Robert L. Hodgkinson, Chairman & CEO is
pleased to announce, further to the release of April 2, 2007, that drilling
activity conducted by Dejour Energy, Alberta is continuing as planned with
five operations currently underway.
Drake Prospect Discovery
Dejour has successfully drilled 2 wells on the Company's 1500 acre, 100%
working interest ("WI"), owned Drake prospect. The wells were drilled to the
Notikewin formation and production pipe was set on both. The first well was
perforated without stimulation and tested flow rates averaging 930 thousand
cubic feet per day (MCF/D). Dejour's geologists report that the logs of the
second well appear equal to or better than the first. Due to the advent of
road bans now in effect in this northern part of the Peace River area, testing
of the second well, following stimulation, will occur directly into production
lines to be laid when ground conditions permit.
Dejour estimates it will realize combined daily production flow rates
ranging from 1500-2000 MCF/D net to its 100% before payout WI from these
wells. After payout, Dejour will retain a 60% WI. Production flow rates may
differ from test flow rates.
(One MCF is roughly equivalent to 1mmBTU which is the quoted gas contract
on the New York Mercantile Exchange (NYMEX). Current price is approximately
US$7.65 per mmBTU).
Expansion plans include the licensing of 2 additional locations to be
drilled later in the year (100% WI) to test the same Notikewin sands, which is
the major producer in this Drake area of the Peace River Arch (over 207 wells
producing over 46 BCF gas since 2001). There are deeper formations that may be
a target for further gas accumulations. The decision to test these will follow
interpretation of available 3D seismic.
Dejour holds drilling rights averaging 22% to over 45,000 additional
acres of O&G lands in the hydrocarbon- rich Peace River Arch region of NW
Alberta/NE British Columbia. These holdings are in addition to its key
interests in almost 300,000 gross acres of natural gas leases in the
Piceance-Uinta Basin of Colorado/Utah; a controlling interest in publicly
traded and well capitalized Titan Uranium (TSX.V-TUE) currently valued at CDN
$50 million, plus a 10% carried interest and a 1% NSR in almost 1 million
acres of prime Athabasca Basin uranium exploration lands - the world's No.1
Charles E. Dove is the qualified person for the Peace River Arch
Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil &
gas exploration with a significant investment in uranium discovery. The
company acquires high-impact energy assets and strategically monetizes them
through partnerships and co-ventures to limit exposure and enhance returns.
The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF),
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 in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Corporations'
periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The corporation does not assume the
obligation to update any forward-looking statement.
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: