Dejour Appoints Harrison F. Blacker to Head US Oil & Gas Operations Team.VANCOUVER -- Dejour Enterprises Ltd. (AMEX AMEX See: American Stock Exchange :DEJ DEJ Dermal-Epidermal Junction DEJ Deferred Entry of Judgment (court mandated program for nonviolent drug offenders) DEJ Dentoenamel Junction DEJ Dale Earnhardt, Junior ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DEJ) reports Mr. Harrison F. Blacker has joined the Dejour team and will initially hold the position as President and COO, Dejour Energy, USA Inc., the wholly owned US subsidiary of Dejour Enterprises Ltd. (Dejour). Dejour also welcomes Mr. Blacker to its Board of Directors. Mr. Blacker is an accomplished senior executive with over 30 years of expertise managing oil and gas operations with major corporations in the United States, South America, China and the Middle East. Most recently Mr. Blacker was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of China Oman Energy Company, a joint venture between Oman Oil Company Oman Oil Company (OOC) is a commercial company 100 % owned by the Government of the Sultanate of Oman. The company was created in 1992 to give the Government a vehicle for pursuing investment opportunities in the energy sector both inside and outside Oman. , IPIC IPIC Intellectual Property Institute of Canada IPIC Indianapolis Private Industry Council IPIC International Petroleum Investment Co (Abu Dhabi) IPIC Inventory Price Index Computation IPIC Information Processing Interagency Conference and China Gas Holdings, importing and distributing LNG LNG (liquefied natural gas): see under natural gas. and LPG from the Middle East into China. His resume features six years as VP Business Development and Senior Investment Advisor with Oman Oil Company where he led a turnaround that resulted in achieving significant profitability. Earlier, with 24 years of operations experience with Atlantic Richfield Corporation (ARCO), his positions included Portfolio Manager, Latin American Business Unit and as the General Manager/ President of ARCO Venezuela Energy, where he developed and managed a multi-billion dollar heavy oil development project and several other large multi million dollar development projects based in Venezuela, positioning it as the fastest growing entity in ARCO at that time. Mr. Blacker began his career with Amoco Production Company working in offshore construction and field operations in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . His qualifications include a Mechanical Engineering, M.Sc, Mechanical Engineering, B.Sc., Engineering Science and Mechanics Engineering science and mechanics programs at universities typically provide a multi- and interdisciplinary education. They focus on teaching the fundamentals that lie at the intersection of engineering and science. , B.Sc. from the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. . Robert L. Hodgkinson, Chairman & CEO states "Mr. Blacker's leadership and results based approach will have significant value as Dejour develops and executes its Colorado and Utah plan of operations. We are extremely pleased to have such a talented and successful executive join our company and share our vision. With a strong aptitude in organizational, financial and technical matters, combined with extensive oil and gas operating and management experience, Mr. Blacker's new role is critical in developing and profiting from the multiple opportunities available to Dejour in its US operations." Mr. Blacker will reside in Denver, assume this position April 1, 2008, and work closely with Dejour Enterprises COO Doug Cannaday (also located in Denver) to maximize the value of Dejour's US oil & gas land and operations. Referring to the Dejour USA vision, Mr. Blacker commented "I am very excited about the opportunities here for Dejour USA. We are confident that domestic demand for natural gas will grow over the medium and long term. We see the LNG market in transition towards a higher priced market with limited supply available to US importers. Spot and term LNG prices in Asia are hovering near $15/MMBTU and demand continues to grow, drawing low priced LNG supplies out of the Atlantic Basin. The growth in competition for LNG from Asia makes the 400+ TCF of potential natural gas resource in the US Rocky Mountains a very important part of the future natural gas supply for North America and we are well positioned to grow in this area. Taking into account the cost, access to market and resources potential, we believe that the Rocky Mountains natural gas play is one of the best resource plays, not only in North America, but in the world." About Dejour Dejour Enterprises Ltd. is a micro cap Canadian company creating shareholder value through a balance of exploration, development, production and monetization of strategic North American energy properties including oil, natural gas and uranium. The Company is listed on the Amex (DEJ), 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), 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 at investor@dejour.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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