Dejour's Phase 1 Developments at Kokopelli now includes a total of four well pads along with associated access roads, gathering lines, and production facilities. Dejour can drill and complete up to forty two Williams Fork wells within this framework, initially; twenty-four of which are scheduled through 2013. Development activities on Dejour's leasehold adjacent to the GCSWA began in November 2011 with the construction of the first of the four Phase 1 drilling pads on acreage located just outside of the GCSWA. (see cover of Dejour's January 2012 PPT). This approval for expansion into the GCSWA was a critical and final step in the regulatory approval process leading to the commencement of drilling later this year. Dejour's entire 2200 gross acres of proven undeveloped reserve leasehold in the Kokopelli Field will be held by production through only a small portion of the wells drilled in Phase 1.
"The CPW and Dejour conducted extensive analysis that included baseline wildlife and water studies and a broad array of best management practices. The recognition by both Dejour and the CPW of the need to properly protect this sensitive wildlife area resulted in a well-balanced agreement that allows Dejour's low impact energy development to coexist with the wildlife management and conservation efforts of the CPW. Dejour is very appreciative of the significant efforts of key personnel within the CPW to affirmatively conclude this approval process," stated COO, Hal Blacker.
About Dejour
Dejour Energy Inc. is an independent oil and natural gas
exploration and production company operating projects in
North America's Piceance Basin (107,000 net acres) and Peace
River Arch regions (15,000 net acres). Dejour's seasoned
management team has consistently been among early identifiers
of premium energy assets, repeatedly timing investments and
transactions to realize their
value to shareholders' best advantage. Dejour maintains
offices in Denver, USA, Calgary and Vancouver, Canada. The
company is publicly traded on the New York Stock Exchange
Amex (NYSE AMEX: DEJ) and Toronto Stock Exchange (TSX: DEJ).
598 - 999 Canada Place, Craig Allison
Vancouver, BC Canada V6C 3E1 Phone: 914.882.0960
Phone: 604.638.5050 Facsimile: 604.638.5051 Email:
callison@dejour.com
Email: investor@dejour.com
Follow Dejour Energy's latest developments on:
Facebook http://facebook.com/dejourenergyand Twitter @dejourenergy
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