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Dejour Expands Presence in North American Energy Markets.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Dejour Enterprises Ltd. ("Dejour") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:DJE) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:DJEEF): Robert L. Hodgkinson, Chairman & 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. , reports that Dejour has developed a strategic, evolving business model focused on three corporate profit centres in order to maximize its current business opportunities:

Dejour Enterprises Ltd.: Continues to manage investments and carried interests in uranium exploration projects in addition to its 100% owned subsidiaries:

Dejour Energy, USA: 100% owned subsidiary - holds and manages direct interests and operations in O&G lands in the USA.

Dejour Energy, Alberta: 100% owned subsidiary (pending) - holds and manages direct interests and operations in O&G lands in Canada.

Dejour Enterprises Ltd.

Key objective is managing investments, corporate finance and identifying new opportunities. Dejour Enterprises currently owns 17.5 mm shares (33.5%) of Titan Uranium (TSX-V: TUE Tu´e

n. 1. (Zool.) The parson bird.

Tue, Tues abbr (= Tuesday) → ma 
). Titan recently concluded a $9 million private placement of flow-through shares and is finalizing a $5 million JV with Mega Uranium (TSX: MGA (1) (Monochrome Graphics Adapter) A display adapter that employs Hercules Graphics, combining graphics and text on a monochrome monitor.

(2) (Matrox Graphics Accelerator) A trade name used by Matrox Graphics Inc.
), bringing the total funding to $25 million available for uranium discovery on their Athabasca and Thelon Basin property holdings. Dejour also benefits from a 10% carried interest and 1% NSR NSR
abbr.
normal sinus rhythm


NSR Normal sinus rhythm, see there
 in almost 1 mm acres of certain of those Athabasca properties. Drilling has commenced with the exploration budget totally funded through the end of 2008.

Dejour Energy USA

100% owned by Dejour Enterprises, it owns interests in over 290,000 gross acres (59,400 approx. net) of hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen  leases in the Piceance and Uinta Basins of western Colorado and eastern Utah. Further lands are being systemically acquired.

To strategically advance operations and to maximize the potential of the myriad of opportunities available to the Company from this multiple-project inventory of O&G landholdings, Dejour Energy, USA is now establishing headquarters in Denver, Colorado. Dejour's COO, Doug Cannaday, will primarily focus his activities as President and COO of Dejour USA, in addition to current corporate responsibilities. This will involve prospective land deals through partnerships with qualified operators focused on thoughtful exploitation of properties, beginning with the Company's 25% owned Barcus Creek prospects. Receipt of access, pipeline right of way and drill permits from Colorado state authorities is expected during Q2 2007. As reported in prior releases, the Barcus Creek prospect abuts lands leased to Exxon and currently the subject of drilling activity by Williams Cos. Dejour Energy, USA and its partners have applied for and currently await approval for permits to drill 22 locations on multiple prospect lands throughout the basins. Retamco Operating will manage drilling operations of these initial wells.

Dejour Energy, Alberta

Currently owned 90% by Dejour Enterprises and 10% by Wildhorse Energy (owned by Charles Dove, Geophys.), Dejour, Alberta will become 100% owned by Dejour upon successful conclusion of current negotiations. Its primary focus is to commercialize conventional oil and gas projects in the Peace River Arch area of NW Alberta and NE British Columbia. Pending a final agreement, the investment made to date by Mr. Dove will be crystallized crys·tal·lize also crys·tal·ize  
v. crys·tal·lized also crys·tal·ized, crys·tal·liz·ing also crys·tal·iz·ing, crys·tal·liz·es also crys·tal·iz·es

v.tr.
1.
 into shares of Dejour upon approval by regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
regulatory agency

administrative body, administrative unit - a unit with administrative responsibilities
. Mr. Dove, as President and COO of Dejour, Alberta, based out of company offices in Calgary, manages a team of geologists, land and administrative personnel and a contract petroleum engineer focused on economic Canadian O&G exploration projects. A member of Dejour's Board of Advisors since inception, Mr. Dove will be formally invited to complement the Board of Directors of Dejour Enterprises.

To date, Dejour Energy, Alberta has initiated drilling and/or re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had.
     2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the
 operations on five separate projects with three more projects awaiting completion of contracts and/or final geotechnical interpretation. On a cumulative basis, Dejour Energy, Alberta has to date earned or purchased interests approximating an average 22% in over 45,000 acres in this highly productive hydrocarbon prone area. It is expected that Company interests in this area will continue to increase. The Peace River Arch area has been the most active area for exploration in search of significant reserves in Canada's Western Sedimentary Basin The term sedimentary basin is used to refer to any geographical feature exhibiting subsidence and consequent infilling by sedimentation. As the sediments are buried, they are subjected to increasing pressure and begin the process of lithification.  since the discovery of the massive Ladyfern Gas field in the late 1990's. Due to the sensitive nature of certain land negotiations, details of these operations will remain confidential until certain deals are concluded and partners concur CONCUR - ["CONCUR, A Language for Continuous Concurrent Processes", R.M. Salter et al, Comp Langs 5(3):163-189 (1981)].  to a release. Dejour expects to provide a more comprehensive summary of these results prior to the end of the second quarter, and advises that initial production should commence during the third quarter 2007. To date drilling operations indicate that guidance in prior Dejour news releases remains appropriate for this series of projects.

The Company wishes to reserve for issuance 1.6 mm options at $2.50 per share for a period of up to five years to directors, management and consultants pursuant to its existing stock option plan. The Company relies on similar equity pricing criteria for conclusion of the Dejour Energy, Alberta purchase negotiation.

About Dejour

Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil & gas exploration with a significant investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns.

Dejour has significant holdings in two of the world's premiere energy resource regions. This includes over 290,000 gross (59,400 net) acres in the Piceance-Uinta Basin, the largest natural gas resource in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ; and major interest in a uranium exploration company, Titan Uranium Inc. (TSX-V: TUE), with 1.44 million acres in the Athabasca and Thelon Basins, the world's most recognized areas for uranium exploration. 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.
 (DJE.V), OTCBB (DJEEF), 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.

Statements in this release that are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Apr 2, 2007
Words:1031
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