Dejour Participates in Lavaca Prospect in
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The operator proposes the drilling of a test
well to be drilled to a depth of 8,000’ sufficient to test the Ellenburger
Dolomite formation. Dejour’s 10%
share of acquisition costs (land, brokerage) is $42,500 USD.
Drilling of the 1st well is scheduled to occur during November
2005 with Dejour’s share for drilling and abandonment costs (1/3 for ¼ basis)
estimated at $57,400 USD to earn in the initial well a 10% WI or 7.5% NRI.
Dejour would pay its earned interest of completion costs estimated at
$53,400 USD.
The Lavaca Prospect is situated 15 miles to
the north and on trend with the Conger Field which will produce over 500 BCF and
40 MMBO and situated 18 miles to the east of the Signal Peak Field which will
produce over 200 BCF and 20 MMBO from the prospective interval.
The prospect is immediately west of a prominent Wolfcamp Limestone shelf
edge within the confines of the Easter Shelf of the
About
Dejour
Dejour Enterprises Ltd. is a Canadian energy
company exploring for uranium, oil and gas whose mission is to provide superior
shareholder value by acquiring and developing unique and rewarding opportunities
within today’s burgeoning energy markets. The Company is listed on the TSX
Venture Exchange under the symbol (DJE.V). Refer to www.dejour.com for company details or
contact
Statements
in this release that are forward-looking statements 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.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Phone: 604.638.5050 Facsimile:
604.638.5051 Email: