Dejour Announces July 2010 Woodrush Production
Q2-2010 Earnings to be released August 16, 2010
Calgary, Alberta, August 10, 2010
-- Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ)
(“Dejour”), an independent oil and natural gas company operating multiple exploration and
production projects in Northeastern British Columbia and Western Colorado, today announces
high volume crude oil and natural gas output in July from the Company's Woodrush Project
located in the Peace River Arch in British Columbia, Canada.
Gross project oil and gas production for the month of July was 28,271 barrels of oil equivalent
(BOE), 91% of the production recorded in June. This represents a 198% improvement over the
benchmark average gross monthly production of 9,500 BOE recorded during Q1-2010.
Daily Production July 2010 June 2010
By Product:
Natural Gas 2,610 mcf/d 2,672 mcf/d
Oil 477 bbl/d 554 bbl/d
Woodrush Total
912 boe/d 999 boe/d
Dejour 75% WI
684 boe/d 749 boe/d
Harrison Blacker, Dejour President and COO states, “Woodrush production remained strong in
July despite the D-91 oil well being shut in for the majority of the month to meet OGC production
allowable quotas. For the balance of Q3, we expect gross production from the field to average
approximately 750 BOE/D as a result of the implementation of a production allowable quota on
the recently drilled well A-1-I, lowering its daily output by 250 BOPD. These strong production
results provide us with ever increasing confidence to drill additional development
locations beginning at the end of September and finalize a waterflood production
program which should
more than double the proven reserves of this robust Halfway oil pool, effectively
eliminating the production allowable quotas now in place."
The Company will release its June 30, 2010 financial results prior to the opening of trading on
August 16, 2010.
About Dejour
Dejour Enterprises Ltd. is an independent oil and natural gas company operating multiple
exploration and production projects in North America’s Piceance / Uinta Basin (109,000 net
acres) and Peace River Arch regions (20,000 net acres). Dejour’s veteran management team has
consistently been among early identifiers of premium energy assets, repeatedly timing
investments and transactions to realize their value to shareholders' best advantage. Dejour
maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly
traded on the New York Stock Exchange Amex (NYSE AMEX: DEJ) and Toronto Stock
Exchange (TSX: DEJ).
BOE Presentation
: Barrel of oil equivalent amounts have been calculated using a conversion
rate of six thousand cubic feet of gas to one barrel of oil. The term “BOE” may be misleading if
used in isolation. A BOE conversion ratio of one barrel of oil to six mcf of gas is based on an
energy equivalency conversion method primarily applicable at the burner tip and does not
represent a value equivalency at the well head. Total BOEs are calculated by multiplying the daily
production by the number of days in the period.
Statements Regarding Forward-Looking Information
: This news release contains statements
that may constitute "forward-looking statements" or "forward-looking information" within the
meaning of applicable securities legislation as they involve the assessment that the reserves and
resources described can be profitably produced in the future, based on certain estimates and
assumptions, these forward-looking statements include but are not limited to, the availability of
funding for future projects, adverse general economic conditions, operating hazards, drilling risks,
inherent uncertainties in interpreting engineering and geologic data, fluctuations in oil and gas
prices and prices for drilling and other well services, government regulation, as other risks
commonly associated with the exploration and development of oil and gas properties. Additional
information on these and other factors, which could affect Dejour's operations or financial results,
are included in Dejour's reports on file with Canadian and United States securities regulatory
authorities. We assume no obligation to update forward-looking statements should circumstances
or management's estimates or opinions change unless otherwise required under securities law.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
DEJOUR ENTERPRISES LTD.
Robert L. Hodgkinson, Co-Chairman & CEO
Investor Relations – New York
598 – 999 Canada Place,
Craig Allison
Vancouver, BC Canada V6C 3E1 Phone: 914.882.0960
Phone: 604.638.5050 Facsimile: 604.638.5051 Email: callison@dejour.com
Email: investor@dejour.com
