Past year: ▲ 2043%(1.00c – 75.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2014resource reserve update▼ BadMajor
Dejour announced the December 2013 letter of intent with SECO over its Colorado properties has lapsed. The board did not approve the transaction and the company has no obligation to proceed, so the planned $27.5 million investment for an 85% share will not go ahead on those terms.
8 Apr 2013drilling progress report▲ Good
Dejour reported Q1 2013 net production averaging 402 BOE/day, up 26% from the prior quarter, with a March exit rate of 447 BOE/day. Drilling continues at its 72%-owned and operated Kokopelli project in Colorado, with surface casing set on two wells and deeper drilling to follow before completion work. David Matheson now signs as Chief Financial Officer (previously Mathew Wong).
26 Dec 2012drilling result▲ Good
Dejour started production from its South Rangely discovery well (drilled in Q4 2011), which flowed rich gas at over 400 MCFD on initial test. The company calls it its first U.S.-based production; it holds a 30% interest in the discovery well and 77% in the rest of the unitized 6,300-acre leasehold. This follows the 2011 plan to test the Niobrara there.
6 Dec 2012drilling progress report▲ GoodMajor
Dejour signed a sale and farmout deal with an unnamed large NYSE-listed producer covering about 7,450 acres of its 100%-owned western Piceance Basin land. Dejour gets an undisclosed cash payment and a commitment to carry it through drilling and completing three wells, after which it keeps a 20% interest in over 5,100 acres.
26 May 2011resource reserve update▲ GoodMajor
Dejour said the waterflood it started in early 2011 at Woodrush is working: gas-to-oil ratio fell from 2,700 to under 900 CF/BBL, and it expects oil output to rise from an average 180 BOPD to about 350 BOPD in June and 400 BOPD in July. A preliminary consultant study (AJM Petroleum) supports an estimate of over 1.3 million barrels recoverable, but the company states this is not a formal reserve estimate. Dejour holds a 75% interest in the project.
25 Apr 2011drilling progress report▲ Good
Dejour (now named Dejour Energy Inc.) announced it will drill a vertical test well in May 2011 on its 7,000-acre South Rangely leasehold in Rio Blanco County, Colorado, to test the Mancos/Niobrara formations. Dejour is operator with a 72% working interest, projects a dry-hole cost under $500,000, and says a successful result would lead to a horizontal well development program.
2 Dec 2009drilling progress report▲ Good
Dejour (then called Dejour Enterprises) said it bought over 2,000 acres of leasehold next to its Woodrush project in northeast British Columbia and started a winter drilling program of up to three new oil wells. The first well was expected in production by the end of December, and the company said it currently produces 400+ net BOE/d from the field, in which it holds a 73.5% interest in the Halfway oil pool.
