Company Website:
http://www.dejour.com
VANCOUVER, British Columbia -- (Business Wire)
Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the
“Company”), an independent oil and natural gas exploration and
production company operating in North America's Piceance Basin and Peace
River Arch regions, updates current development progress underway at the
Woodrush/Hunter Project (“Woodrush”)in NE British Columbia.
Dejour has successfully tied into production the B-100 Halfway oil step
out well and the A-100 Gething gas well from the recently completed 2014
drill program. The two wells are currently producing 350 BOEPD. Logs and
production rates from these initiatives have been provided to GLJ, our
reservoir engineers for inclusion in the YE 2014 evaluation.
The Company owns a 99% working interest in these wells and is the
project operator.
"The production additions have resulted in approximately 700 BOEPD net
to the Company’s working interest at Woodrush. We will strive to
maintain or increase this production base with two planned workovers on
existing wells in 2015 and further adjustments to our system of
waterflood pressure maintenance. The Fort St. John unit represents a
continued growth opportunity for us as we strive to efficiently utilize
the infrastructure and in place pipeline capacity owned by the Company.
In the US, we plan to issue an update on our extensive Kokopelli
development campaign in the near-term, where the Company will maintain a
25%WI, once the operator has completed the required expenditure to earn
its interest, “ states Robert L. Hodgkinson, Chairman & CEO.
About Dejour Energy Inc.
Dejour Energy Inc. is an independent oil and natural gas exploration and
production company operating projects in North America’s Piceance Basin
(43,500 net acres) and Peace River Arch regions (16,222 net acres).
Dejour maintains offices in Denver, USA, Calgary and Vancouver.
Statements Regarding Forward-Looking Information: This news
release contains statements about oil and gas production and operating
activities that may constitute "forward-looking statements" or
“forward-looking information” within the meaning of applicable
securities legislation as they involve the implied assessment that the
resources described can be profitably produced in the future, based on
certain estimates and assumptions. Forward-looking statements are based
on current expectations, estimates and projections that involve a number
of risks, uncertainties and other factors that could cause actual
results to differ materially from those anticipated by Dejour and
described in the forward-looking statements. These risks, uncertainties
and other factors include, but are not limited to, adverse general
economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and geologic data,
competition, reduced availability of drilling and other well services,
fluctuations in oil and gas prices and prices for drilling and other
well services, government regulation and foreign political risks,
fluctuations in the exchange rate between Canadian and US dollars and
other currencies, as well 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.
Follow Dejour Energy’s latest developments on Facebook http://facebook.com/dejourenergy
and Twitter @dejourenergy
Contacts:
Dejour Energy Inc.
Robert L. Hodgkinson, 604-638-5050
Chairman
& CEO
investor@dejour.com
or
Craig
Allison, 914-882-0960
Investor Relations - New York
callison@dejour.com
Source: Dejour Energy Inc.
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