Amex: DEJ/TSX-V: DEJ
VANCOUVER, March 26 /CNW/ - Dejour Enterprises Ltd. reports Mr. Harrison
F. Blacker has joined the Dejour team and will initially hold the position as
President and COO, Dejour Energy, USA Inc., the wholly owned US subsidiary of
Dejour Enterprises Ltd. (Dejour). Dejour also welcomes Mr. Blacker to its
Board of Directors.
Mr. Blacker is an accomplished senior executive with over 30 years of
expertise managing oil and gas operations with major corporations in the
United States, South America, China and the Middle East. Most recently Mr.
Blacker was CEO of China Oman Energy Company, a joint venture between Oman Oil
Company, IPIC and China Gas Holdings, importing and distributing LNG and LPG
from the Middle East into China. His resume features six years as VP Business
Development and Senior Investment Advisor with Oman Oil Company where he led a
turnaround that resulted in achieving significant profitability.
Earlier, with 24 years of operations experience with Atlantic Richfield
Corporation (ARCO), his positions included Portfolio Manager, Latin American
Business Unit and as the General Manager/ President of ARCO Venezuela Energy,
where he developed and managed a multi-billion dollar heavy oil development
project and several other large multi million dollar development projects
based in Venezuela, positioning it as the fastest growing entity in ARCO at
Mr. Blacker began his career with Amoco Production Company working in
offshore construction and field operations in the Gulf of Mexico. His
qualifications include a Mechanical Engineering, M.Sc, Mechanical Engineering,
B.Sc., Engineering Science and Mechanics, B.Sc. from the University of
Robert L. Hodgkinson, Chairman & CEO states "Mr. Blacker's leadership and
results based approach will have significant value as Dejour develops and
executes its Colorado and Utah plan of operations. We are extremely pleased to
have such a talented and successful executive join our company and share our
vision. With a strong aptitude in organizational, financial and technical
matters, combined with extensive oil and gas operating and management
experience, Mr. Blacker's new role is critical in developing and profiting
from the multiple opportunities available to Dejour in its US operations".
Mr. Blacker will reside in Denver, assume this position April 1, 2008,
and work closely with Dejour Enterprises COO Doug Cannaday (also located in
Denver) to maximize the value of Dejour's US oil & gas land and operations.
Referring to the Dejour USA vision, Mr. Blacker commented "I am very
excited about the opportunities here for Dejour USA. We are confident that
domestic demand for natural gas will grow over the medium and long term. We
see the LNG market in transition towards a higher priced market with limited
supply available to US importers. Spot and term LNG prices in Asia are
hovering near $15/MMBTU and demand continues to grow, drawing low priced LNG
supplies out of the Atlantic Basin. The growth in competition for LNG from
Asia makes the 400+ TCF of potential natural gas resource in the US Rocky
Mountains a very important part of the future natural gas supply for North
America and we are well positioned to grow in this area. Taking into account
the cost, access to market and resources potential, we believe that the Rocky
Mountains natural gas play is one of the best resource plays, not only in
North America, but in the world."
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
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: