Dejour's Piceance Basin Well Contains 263' Net Pay.VANCOUVER, British Columbia -- Dejour Enterprises Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DEJ DEJ Dermal-Epidermal Junction DEJ Deferred Entry of Judgment (court mandated program for nonviolent drug offenders) DEJ Dentoenamel Junction DEJ Dale Earnhardt, Junior ) (AMEX AMEX See: American Stock Exchange :DEJ) (FWB (Fixed Wireless Broadband) See fixed wireless. :D5R) is pleased to announce that the H & P Rig #159 has been released from the N. Barcus Creek #1-12 well where logging operations and the setting of production casing were successfully completed. Dejour engaged Gustavson Associates, Boulder Co. (Geologists - Engineers - Appraisers) to conduct a preliminary petrophysical analysis of the #1-12 well logs and in its report Gustavson disclose that it is their interpretation that there exist reservoir properties consisting of an estimated 263 feet of potential net pay with average porosity of 10%. Throughout drill operations the mud log showed strong evidence of reservoir gas. The H&P Rig #159 is in the process of relocating and rigging up to drill the nearby N. Barcus Creek #2-12 well (within approximately 1800 feet of the #1-12 well) to be deepened to a projected TD of 11,425'. Drill operations should be concluded around the end of September 2007. This 'Rio Blanco Deep' project is one of over 60 separate exploration projects held by Dejour (average interest over 25%) in its search for and exposure to significant energy discovery in the hydrocarbon bearing basins of Piceance/Uinta in Colorado/Utah and the Peace River Arch of NE British Columbia/NW Alberta Canada, inclusive of the uranium bearing Athabasca/Thelon Basins of Northern Canada through its holdings of Titan Uranium (TSX-V: TUE Tu´e n. 1. (Zool.) The parson bird. Tue, Tues abbr (= Tuesday) → ma ) and associated carried/royalty interests. R. Marc Bustin, Ph.D., P.Geol. FRSC FRSC Fellow of the Royal Society of Canada FRSC Fellow of the Royal Society of Chemistry (formerly the Royal Institute of Chemistry) FRSC Federal Road Safety Commission (Nigeria) is the qualified person for this news release. About Dejour 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 TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (DEJ.V), Amex (DEJ), 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 Investor relations The process by which the corporation communicates with its investors. at investor@dejour.com 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. . The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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