VANCOUVER, BRITISH COLUMBIA, September 18 /CNW/ - Dejour Enterprises Ltd.
(AMEX: DEJ) (TSX-V:DEJ) (Frankfurt:D5R) reports further drilling updates on
both its 300,000 acre Piceance Project area and its 39,000 acre Peace Arch
In Rio Blanco County, located in the Piceance Basin in Colorado, final
testing and completion plans for the North Barcus Creek #1-12 well have been
agreed upon by all partners in conjunction with Haliburton, the completion
consultants to this project, and are scheduled to commence the week of
September 24, 2007. Operations to date are on time and under budget. Results
should be forthcoming over the ensuing 30 days.
The second well (NBC #2-12) being drilled by Dejour and its partners at
its 1590 acre North Barcus Creek property is currently drilling ahead at
10,720'. Total depth (11,450') is expected to be reached in the next 48 hours
at which point the well will undergo comprehensive logging. If indications are
consistent with #1-12 North Barcus Creek, this well will be cased to depth for
testing and completion following the #1-12 well.
Immediately upon finalization of testing both the #1-12 and #2-12 wells
at North Barcus Creek, Gustavson & Associates will prepare a 51-101 compliant
proven developed and undeveloped reserve report for Dejour and its partners on
these two locations and surrounding spacing units.
Further drill plans for development of Dejour's Piceance Basin properties
will be forthcoming in the next 60 days.
The Company is pleased to report that its second discovery in the Peace
River Arch project area, at Saddle Hills Alberta, announced in a news release
dated May 3, 2007 is now being tested. Dejour anticipates that this discovery
will be completed as a dual zone producer from both the Paddy and Charlie Lake
zones. Initial production rates, dates and ensuing development plans will be
forthcoming as released by the operator. Dejour holds a 30% interest in this
discovery and a total of 3840 surrounding acres.
R. Marc Bustin, Ph.D., P.Geol. FRSC is the qualified person for the
Piceance Basin and Charles Dove, B.Sc.P.Geoph., is the qualified person for
the Peace River Arch.
In other business, Dejour has allowed the previously announced LOI to
purchase certain producing reserves in Liberty County, Texas to expire. Dejour
requires further specific information to close the transaction, but believes
that a sound purchase and sale agreement may be achieved in due course.
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 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
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: Dejour Enterprises Ltd. Robert L. Hodgkinson,
Chairman & CEO, 604-638-5050 Facsimile: 604-638-5051 Email: