PRESS RELEASE
DEJOUR
ENTERPRISES
LTD.:
Amex: DEJ / TSX-V: DEJ
FOR RELEASE:
March 26, 2008
Dejour
Appoints Harrison F. Blacker to Head US Oil
& Gas Operations Team
Vancouver BC, March 26, 2008: Dejour Enterprises Ltd. reports Mr.
Harrison F. Blacker has joined the Dejour team and will initially hold the
position as President and COO, Dejour Energy, USA Inc., the wholly owned US
subsidiary of Dejour Enterprises Ltd. (Dejour). Dejour also welcomes Mr.
Blacker to its Board of Directors.
Mr. Blacker is an
accomplished senior executive with over 30 years of expertise managing oil and
gas operations with major corporations in the United
States, South America, China and the Middle East.
Most recently Mr. Blacker was CEO of China Oman Energy
Company, a joint venture between Oman Oil Company, IPIC and China Gas Holdings,
importing and distributing LNG and LPG from the Middle East into China.
His resume features six years as VP Business Development and Senior Investment
Advisor with Oman Oil Company where he led a turnaround that resulted in achieving
significant profitability.
Earlier, with 24
years of operations experience with Atlantic Richfield Corporation (ARCO), his
positions included Portfolio Manager, Latin American Business Unit and as the
General Manager/ President of ARCO Venezuela Energy, where he developed and
managed a multi-billion dollar heavy oil development project and several other large
multi million dollar development projects based in Venezuela, positioning it as
the fastest growing entity in ARCO at that time.
Mr. Blacker began
his career with Amoco Production Company working in offshore construction and
field operations in the Gulf of Mexico. His qualifications include a Mechanical
Engineering, M.Sc, Mechanical Engineering, B.Sc., Engineering
Science and Mechanics, B.Sc. from the University of Florida.
Robert L.
Hodgkinson, Chairman & CEO states “Mr. Blacker’s leadership and results based approach will have
significant value as Dejour develops and executes its Colorado
and Utah plan
of operations. We are extremely pleased to have such a talented and successful
executive join our company and share our vision. With a strong aptitude in
organizational, financial and technical matters, combined with extensive oil
and gas operating and management experience, Mr. Blacker’s
new role is critical in developing and profiting from the multiple
opportunities available to Dejour in its US operations”.
Mr. Blacker will
reside in Denver, assume this position April 1,
2008, and work closely with Dejour Enterprises COO Doug Cannaday (also located
in Denver) to maximize the value of Dejour’s US oil
& gas land and operations.
Referring to the
Dejour USA vision, Mr. Blacker commented “I am very excited about the
opportunities here for Dejour USA. We are confident that domestic demand for
natural gas will grow over the medium and long term. We see the LNG market in transition towards a
higher priced market with limited supply available to US importers. Spot and term LNG prices in Asia are hovering
near $15/MMBTU and demand continues to grow, drawing low priced LNG supplies
out of the Atlantic
Basin. The growth in competition for LNG from Asia
makes the 400+ TCF of potential natural gas resource in the US Rocky Mountains
a very important part of the future natural gas supply for North America and we
are well positioned to grow in this area.
Taking into account the cost, access to market and resources potential,
we believe that the Rocky Mountains natural gas play is one of the best
resource plays, not only in North America, but
in the world.”
About Dejour
Dejour Enterprises
Ltd. is a micro cap Canadian company creating shareholder value through a
balance of exploration, development, production and monetization of strategic
North American energy properties including oil, natural gas and uranium.
The
Company is listed on the Amex (DEJ), TSX Venture
Exchange (DEJ.V), 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
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