TSX-V: "DJE"/OTC BB:"DJEEF"
VANCOUVER, April 27 /CNW/ - Dejour Enterprises Ltd. ("Dejour") (TSX-V:
"DJE") Robert L. Hodgkinson, Chairman & CEO is very pleased to announce that
it has received Approved Permits to Drill (APD's) from the Meeker Bureau of
Land Management office in Colorado, for the initial two locations for the
Barcus Creek prospect. This prospect is located in the company's Rio Blanco
Deep Project Area, North Barcus Cr. 1-12 and 2-12. Final approvals from the
Colorado State office are now expected within the next two weeks. Two
additional approved APD's for additional locations at Barcus Creek are
Dejour expects drill pads at four (4) separate drilling locations to be
constructed on the Barcus Creek leases, with each location prepared to
ultimately drill up to six (6) individual wells. Drilling operations are
planned to commence prior to the end of June 2007, subject to final rig
contract. The primary drill target is the lower 2000' of the Mesa Verde Group
sandstones, the most prolific producing natural gas reservoir in this Basin.
Currently drill permits will allow for 40 acre spacing units on this prospect.
Dejour currently holds a 25% working interest in the 1590 acre Barcus
Creek prospect, and over 12,000 acres in the Rio Blanco Deep project area.
This is part of almost 290,000 gross acres of oil & gas leases held by Dejour
in the Piceance/Uinta Basins of Western Colorado and Eastern Utah. Brownstone
Ventures (TSX.V: BWN) also holds a 10% working interest in this prospect and
the Retamco joint venture.
The Rio Blanco Deep project area of the Piceance Basin has become the
focus of concentrated drilling activity in the past 12 months:
- Williams Co. has recently drilled two wells offsetting the Company's
Barcus Creek leases on leases held by Exxon to depths approximating
11,500 feet, and now has drilling operations proceeding on two more
- Bass Operating has completed 3 wells into pipe and is
currently drilling a fourth well on locations to the southeast.
- Conoco- Phillips is also active in this area with two drill rigs
drilling full time on lands purchased by Encana, which approximate
200,000 acres in this project area.
This is the initial phase of an extended exploitation program planned by
Dejour and its partners for the Piceance/Uinta properties. The August 2005 Oil
& Gas Investor states that the Piceance Basin alone could contain over 300 TCF
of gas in place. As previously reported in Dejour's news release dated
11.24.2006, the undiscovered resource potentials associated with the Dejour-
Brownstone-Retamco properties are postulated to exceed 5 TCF gas and 2 BBO by
independent engineering firms.
Dr. R. Mark Bustin PhD, Geol. is the qualified person for this project.
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 through partnerships and co-ventures to limit exposure and
Dejour has significant holdings in three of the world's premiere energy
resource regions. This includes 288,000 gross (60,000 net) acres in the
Piceance and Uinta Basins, a vast natural gas play in North America; and a
major interest in Titan Uranium Inc. (TSX-V: TUE), with 1.44 million acres in
the Athabasca and Thelon Basins, the world's most recognized areas for uranium
exploration. Finally, the company is pursuing high impact natural gas
opportunities in Canada's Western Sedimentary Basin, known as the Peace River
Arch Projects, comprising of 49,000 gross acres.
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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
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.
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: