Dejour
Updates Progress at
Dejour
Enterprises Ltd. (TSX-V: DJE/OTC:DJEEF)
Shares Issued: 39,016,789
Last Close:
Uranium:
The line
cutting crew is mobilizing and has commenced their work.
The geophysical crew is scheduled to commence field work on January 21
and has at least eight weeks of TDEM surveying scheduled.
Subject to results of the initial surveying and weather and ice
conditions permitting, additional geophysical work is expected to expand the
current program.
Condor
also reprocessed the Megatem II data on test lines flown on the Company’s
Virgin Trend North project. Their
interpretation of the data on the southernmost series of Megatem test lines
shows three broad deep conductive zones. These test lines are approximately 7
kilometers north of Cameco’s Virgin River project where drilling on the
Centennial Zone has intersected up to 8.39% U3O8 over 3.9 meters.
Recent deep penetrating ground geophysical surveying at the north end of
Cameco’s property and just south of the Cameco-
J. Allan
McNutt, P. Geo., M.A. Sc., is the qualified person for Dejour’s uranium
projects.
Oil
& Gas:
Lavaca
Prospect,
Tinsley
Deep Prospect,
In a
Prior to
commencement of drilling, the Operator, using 3D seismic data, estimated the
existence of 5100 productive acres of 100 feet net sand with 12% porosity
containing recoverable 349 BCF gas and 7.1 MM barrels condensate for the
Smackover formation. Separately the
Operator estimated existence of 3800 productive acres of 100 feet net sand with
15% porosity containing recoverable 284 BCF gas and 6.7 MM barrels condensate
for the Norphlet formation. The
estimates do not include an allocation for the prospective
The
Tinsley Field was discovered in 1939 by Union Producing Company and has produced
over 450 MBO to date from higher up Cretaceous formations.
“We
recommend … the drilling of a 12,100 foot well … to test the Norphlet
sandstone in a large closure upthrown on the main down-to-the-north Tinsley
fault. We estimate the Norphlet will
be encountered 2,400 feet structurally high to the Conoco Childress No. 1, a
well that had mud log gas shows from 70 feet of low permeability Norphlet
sandstone. The Norphlet should be
2,000 feet high to the Jones Berry No. 1 and Nannie Berry No. 1 wells that both
tested sweet gas at low rates from the Norphlet.
The prospect closure (Norphlet) encompasses over 4,600 acres and has
reserve potential of 184 BCF of gas.” The
Company anticipates well results around the first week of February 2006.
The
Consultant further reported:
“Since
most of the downdip penetrations have greater than 100 feet of Norphlet sand the
reserve potential could exceed 250 BCF. The
possibility of finding prolific Norphlet sands on a closure this large and
pronounced makes this a very attractive exploration opportunity.
The primary risks are sand quality and fault seal.”
R. Marc
Bustin, Ph.D., P. Geol., FRSC, is the qualified person for Dejour’s oil and
gas projects.
Funding:
Following
the successful closing and oversubscription to its latest equity financing,
reported
About Dejour
Dejour
Enterprises Ltd. is a Canadian energy company focused on exploration and
development of uranium and oil & gas while leveraging opportunities that
exist as a result of the global market’s decreasing conventional supply and
increasing demand for energy. The
Company is listed on the TSX Venture Exchange under the symbol (DJE.V).
Refer to www.dejour.com for company
details or contact the Office of Investor Relations at investor@dejour.com.
The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
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:
investor@dejour.com