PRESS
RELEASE
DEJOUR
ENTERPRISES
LTD.: TSX-V: “DJE”/OTC BB: “DJEEF”
FOR
RELEASE: April 9,
2007
Dejour's First Drake Well Tests at 930 MCF Per Day
Vancouver,
British Columbia, Canada, April 9, 2007 – Dejour Enterprises Ltd. (“Dejour”)
(TSX-V: “DJE”, OTC BB: DJEEF, Frankfurt: D5R) Robert L. Hodgkinson, Chairman & CEO is
pleased to announce, further to the release of April 2, 2007, that drilling
activity conducted by Dejour Energy, Alberta is continuing as planned with five
operations currently underway.
Drake
Prospect Discovery
Dejour has
successfully drilled 2 wells on the Company’s 1500 acre, 100% working interest
(“WI”), owned Drake prospect. The wells were drilled to the Notikewin formation
and production pipe was set on both. The first well was perforated without
stimulation and tested flow rates averaging 930 thousand cubic feet per day
(MCF/D). Dejour’s geologists report that the logs of the second well appear
equal to or better than the first. Due to the advent of road bans now in effect
in this northern part of the Peace River area, testing of the second well,
following stimulation, will occur directly into production lines to be laid
when ground conditions permit.
Dejour
estimates it will realize combined daily production flow rates ranging from
1500-2000 MCF/D net to its 100% before payout WI from these wells. After
payout, Dejour will retain a 60% WI. Production flow rates may differ from test
flow rates.
(One MCF is
roughly equivalent to 1mmBTU which is the quoted gas contract on the New York
Mercantile Exchange [NYMEX]. Current price is approximately US$7.65 per mmBTU).
Expansion
plans include the licensing of 2 additional locations to be drilled later in
the year (100% WI) to test the same Notikewin sands, which is the major
producer in this Drake area of the Peace River Arch (over 207 wells producing
over 46 BCF gas since 2001). There are deeper formations that may be a target
for further gas accumulations. The decision to test these will follow
interpretation of available 3D seismic.
Dejour holds
drilling rights averaging 22% to over 45,000 additional acres of O&G lands
in the hydrocarbon- rich Peace River Arch region of NW Alberta/ NE British
Columbia. These holdings are in addition
to its key interests in almost 300,000 gross acres of natural gas leases in the
Piceance-Uinta Basin of Colorado/Utah; a controlling interest in publicly
traded and well capitalized Titan Uranium (TSX.V-TUE) currently valued at CDN
$50 million, plus a 10% carried interest and a 1% NSR in almost 1 million acres
of prime Athabasca Basin uranium exploration lands - the world’s #1 uranium
address.
Charles E.
Dove is the qualified person for the Peace River Arch prospect.
About Dejour
Dejour Enterprises Ltd. is a micro
cap Canadian company focused on oil & gas exploration with a significant
investment in uranium discovery. The company acquires high-impact energy
assets and strategically monetizes them through partnerships and co-ventures to
limit exposure and enhance returns.
The Company is listed on the TSX
Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour
is a reporting issuer to the SEC. Refer
to www.dejour.com for company
details or contact the Office of Investor Relations at investor@dejour.com
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.
The TSX
Venture Exchange does not accept responsibility for the adequacy or accuracy of
this news release.
Robert L. Hodgkinson, Chairman &
CEO
DEJOUR ENTERPRISES LTD.
Suite
1100-808 West Hastings Street, Vancouver, BC Canada V6C 2X4
Phone:
604.638.5050 Facsimile:
604.638.5051 Email:
investor@dejour.com