- Report of Foreign Issuer (6-K)
July 08 2010 - 12:55PM
Edgar (US Regulatory)
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
Period: July 8,
2010 File
No.
001-33500
DEJOUR ENTERPRISES
LTD.
(Name of
Registrant)
598-999 Canada Place,
Vancouver, British Columbia, Canada, V6C 3E1
(Address
of principal executive offices)
Indicate
by check mark whether the Registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Indicate
by check mark whether the Registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Dejour
Announces Strong June 2010 Production
Re
sults
Credit
Facility Expansion Augments Q3 Drilling Capital
Calgary,
Alberta
,
July
8,
2010
--
Dejour
Enter
prises Ltd.
(
NYSE-AMEX: DEJ / TSX: DEJ)
(“Dejour”)
,
a high growth
oil
and natural gas company operating
multiple exploration and production p
rojects in Northeastern British
Columbia and Western
Colorado
,
today
announces
high
volume
crude
oil and natura
l gas output in June
from
the
Company's Woodrush Project located in
the Peace River Arch in British Columbia, Canada.
Gross project o
il and gas production
for the month of June was 29,967
barrels of oil
eq
uivalent (BOE), 95% of
the production recorded in May. This represents a 315% improvement over the
benchmark average gross monthly production of 9,500 BOE recorded during
Q1-2010.
Daily
Production
|
|
May 2010
|
|
June
2010
|
|
|
|
|
|
By Product:
|
Natural Gas
|
2,208 mcf/d
|
|
2,672
mcf/d
|
|
Oil
|
680 bbl/d
|
|
554 bbl/d
|
Gross Total
|
|
1,018 boe/d
|
|
999
boe/d
|
|
|
|
|
|
Dejour Net 75%
WI
|
|
764 boe/d
|
|
749
boe/d
|
Gross
daily
production average during June was 999
b
arrels of oil equivalent
despite the A-1-I oil well
at Woodrush being
temporarily
shut in for 5 days
for unexpected pipeline
maintenance.
Harrison Blacker, Dejour President and
COO states, “June production continues to provide the Company with confidence
that there is opportunity for further 'Halfway' light oil reserve expansion and
long-term potential for recoverable reserve increase through water
flood. This project is meeting our expectation and defining itself as
an important long term contributor to the Dejour value
equation.”
Dejour plans to accelerate field
development with additional wells in Q3-2010. A further $1.5mm (now $3.5mm
total) of the Company's existing $5mm credit facility has been approved to fund
Dejour's 75% share of its Woodrush Halfway oil development
program.
About
Dejour
Dejour Enterprises
Ltd. is a high growth oil and natural
gas company operating multiple exploration and production projects in North
Amer
ica’s Piceance /
Uinta Basin (109
,000 net acres) and Peace
River Arch regions
(20
,000 net acres).
Dejour’s veteran 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).
BOE Presentation
: Barrel of
oil equivalent amounts have been calculated using a conversion rate of six
thousand cubic feet of gas to one barrel of oil. The term “BOE” may
be misleading if used in isolation. A BOE conversion ratio of one
barrel of oil to six mcf of gas is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the well head. Total BOEs are calculated by multiplying the daily
production by the number of days in the period.
Statements Regarding Forward-Looking
Information
: This news release contains statements that may constitute
"forward-looking statements" or "forward-looking information" within the meaning
of applicable securities legislation as they involve the assessment that the
reserves and resources described can be profitably produced in the future, based
on certain estimates and assumptions, these forward-looking statements include
but are not limited to, the availability of funding for future projects, adverse
general economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and geologic data, fluctuations in oil
and gas prices and prices for drilling and other well services, government
regulation, as other risks commonly associated with the exploration and
development of oil and gas properties. Additional information on these and other
factors, which could affect Dejour's operations or financial results, are
included in Dejour's reports on file with Canadian and United States securities
regulatory authorities. We assume no obligation to update forward-looking
statements should circumstances or management's estimates or opinions change
unless otherwise required under securities law.
The TSX does not accept responsibility
for the adequacy or accuracy of this news release.
Robert L. Hodgkinson, Co-Chairman
& CEO
|
Investor Relations – New
York
|
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
|
|
|
Dejour Enterprises
Ltd.
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(Registrant)
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Dated:
July 8, 2010
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/s/
Mathew Wong
|
|
|
|
|
|
Mathew
Wong,
|
|
|
|
|
|
Chief
Financial Officer
|
|
|
|
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