CORRECTING and REPLACING Dejour Acquires Key Oil & Gas Acreage
posted on
Dec 05, 2009 05:19PM
140,000 net acres of petroleum leases in premier N.A. production regions
2009-10 Winter Oil Drilling Program Begins at NE BC Woodrush Project
0.3752 | -0.0223 |
The corrected release reads:
DEJOUR ACQUIRES KEY OIL & GAS ACREAGE
2009-10 Winter Oil Drilling Program Begins at NE BC Woodrush Project
Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) announces the successful acquisition of over 2,000 acres of leasehold in Northeast British Columbia adjacent to Dejour’s existing leasehold at Woodrush and on trend with the Halfway oil pool discovered by Dejour in early 2008. Through this lease acquisition and a 3D seismic program currently underway, the Company anticipates to significantly augment the areal and volumetric extent of its 73.5% owned Halfway oil pool.
Dejour has commenced its winter exploration drilling program at Woodrush. This program comprises up to three new oil wells. The first well, expected to be completed and in production by the end of December, offsets the initial discovery well at Woodrush, in production since 2008. Initial production test results from this well are expected by mid-December. Dejour currently produces 400+ net BOE/d from this field. The balance of the drilling plan is scheduled for completion during Q1-2010.
"This is a very exciting time for Dejour. The current drilling program, coupled with the acquisition of this additional highly prospective acreage, provides to Dejour and its partners the best possible position with which to efficiently exploit this quality oil resource and maximize the value of this new oil pool discovery", notes Hal Blacker, President of Dejour Enterprises Ltd.
Woodrush is one of eight advanced drill ready projects (3 oil and 5 natural gas) developed by Dejour's technical team, covered by just 25% of the Company's current land holdings.
About Dejour
Dejour Enterprises Ltd. is a high growth oil and natural gas company operating multiple exploration and production projects in North America’s Piceance / Uinta Basins (127,000 net acres) and Peace River Arch region (18,000 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, headquartered in Vancouver, Canada, maintains operations offices in Denver, Colorado and Calgary, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE- Amex: DEJ) and Toronto Stock Exchange (TSX: DEJ - News).