- Report of Foreign Issuer (6-K)
February 02 2010 - 4:38PM
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 February 2,
2010 File
No.
001-33491
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
Provides US Projects Update
2010
Key Property Priorities and Objectives Identified
Denver, Colorado. February
2
, 2010
-- The
Board of Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) has approved
the 2010 operating plan for Dejour USA, which concentrates on low risk well
defined development opportunities on its properties located primarily in
the natural gas prone Piceance Basin.
“Market
conditions have appreciated noticeably in the Piceance Basin with improving
natural gas prices and new pipeline infrastructure that has all but eliminated
the price differential between Rockies gas production and US Gulf Coast gas
production”, states Hal Blacker, President & COO. “Our goal
for the US operations in 2010 is to establish production from two of our project
areas while completing important pre-development activities that will position
our largest and most profitable project, Gibson Gulch, for startup of Phase 1
development”.
Gibson
Gulch
Located
in the heart of a key producing area of the Piceance Basin, Dejour has 72%WI in
2200 acres. This acreage appears to be in one of the best locations in the basin
for both Williams Fork and Mancos gas and condensate production. Williams
Co. (NYSE:WMB) purchased bordering acreage for $30,000+ per acre in late 2009,
has moved in 4 rigs and commenced a 150 well program between and around Dejour’s
acreage. With up to 30 wells planned for drilling in early 2011, the company is
currently discussing development and marketing plans with various regulatory
agencies and Piceance area transportation and processing companies. Work has
begun with an independent reservoir engineering firm to account for the impact
of recent developments in the area which most likely have significantly
increased the proved reserves and values located within Dejour’s Phase 1
development area. The company has also commenced discussions relative to
development program financing.
Roan
Creek
Dejour’s
other near term gas development opportunity, its Roan Creek property (72%WI in
1440 acres), is located adjacent to major vehicular and gas transmission routes
at the west base of the Roan Plateau. The tract is prospective for low risk
Williams Fork gas production (over 250 Williams Fork completions on adjacent
acreage) and is located in an area of increased interest for development of gas
in the deeper Mancos Shale. Dejour expects approval of the drilling permits for
a test well through the Williams Fork and into the Mancos in the summer of 2010.
The company is also reviewing funding and partnering opportunities that would
allow testing this prospect without affecting progress or funding for Gibson
Gulch.
South
Rangely
Dejour
has 72%WI in 7100 acres, due south of the Rangely oil field, and located along a
trend of oil and gas developments within the Mancos Shale. The Company is
monitoring the results of at least 17 successful oil wells and the progress of
the first horizontal well to be drilled in an ongoing development of the Mancos
Shale just to the southwest of the Dejour lands. Plans include finalizing
permits for the drilling of two oil wells beginning in Q3 of 2010.
Other Western Colorado/ Utah
acreages
Dejour
geologists continue to evaluate the prospectivity of several other projects
encompassing over 100,000 acres of additional landholdings, including acreage
operated by Fidelity Exploration and Production in the Greentown area of the
Paradox basin.
States
Co-Chairman Robert Hodgkinson, “2010 is the year in which we anticipate
significant advancement on key projects both in Canada and the US. It will be
the year in which our “Company Maker”, Gibson Gulch, will emerge as a high
value, blue chip development project. The Dejour team, under Hal Blacker, is
well focused to maximize production expansion in NE BC and establish a core
production base in Colorado that will serve as a foundation for the real value
growth of Dejour’s prime US Rocky Mountain properties”.
For
further information and detailed maps of the above projects, refer to
www.dejour.com
.
About
Dejour
Dejour
Enterprises Ltd. is a high growth crude oil and natural gas company
operating multiple exploration and production projects in North
America’s Piceance / Uinta Basin (127,000 net acres) and Peace
River Arch regions (18,000 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).
Statements Regarding Forward-Looking
Information:
This news release contains statements about oil
and gas production and operating activities that may constitute "forward-looking
statements" or “forward-looking information” within the meaning of applicable
securities legislation as they involve the implied assessment that the resources
described can be profitably produced in the future, based on certain estimates
and assumptions. Forward-looking statements are based on current expectations,
estimates and projections that involve a number of risks, uncertainties and
other factors that could cause actual results to differ materially from those
anticipated by Dejour and described in the forward-looking statements. These
risks, uncertainties and other factors include, but are not limited to, adverse
general economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and geologic data, competition,
reduced availability of drilling and other well services, fluctuations in oil
and gas prices and prices for drilling and other well services, government
regulation and foreign political risks, fluctuations in the exchange rate
between Canadian and US dollars and other currencies, as well 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
DEJOUR
ENTERPRISES LTD.
598 – 999
Canada Place,
Vancouver,
BC Canada V6C 3E1
Phone:
604.638.5050 Facsimile: 604.638.5051
Email:
investor@dejour.com
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