With significant oil and gas assets in key regions of Colorado, Utah, British Columbia and Alberta, Dejour is a strong, operating company. Against a context of increasing concern about the domestication of energy production, we're ideally positioned for significant growth.
Dejour Secures BCOGC Approval to Boost Oil Production
Application Approved for Voidage Replacement at Woodrush
Dejour Energy Inc. (NYSE AMEX: DEJ) announced that the BC Oil and Gas Conservation Commission (BCOGC) has approved Dejour’s application to remove the Halfway Pool production allowable and to operate the waterflood on a balance of injection to production (Voidage Replacement).
"We are very pleased that the BCOGC has approved our application for change to the pool rules. This approval confirms the successful implementation of the waterflood and the confidence the BCOGC now has in the project performance and in Dejour as the project operator. In anticipation of the approval we had already begun to take steps that will allow us to increase water injection into the halfway pool by at least 600 BWPD, by the end of the month. Going forward, we will drill an additional oil producer by the end of Q4, increasing Dejour's net production an additional 200-300 BO per day by early Q1 2012," states Harrison Blacker, President.
Dejour Energy Inc. is an independent oil and natural gas company operating multiple exploration and production 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.
More about DEJ at www.dejour.com
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October 13th, 2011 at 02:38 pm