Dejour B-100 Woodrush Oil Well Swab Tests at 400 BOPD
13 Janvier 2015 - 11:05PM
Business Wire
Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) (“Dejour” or the
“Company”), an independent oil and natural gas exploration and
production company operating in North America's Piceance Basin and
Peace River Arch regions, updates current development progress
underway at the Woodrush/Hunter Project (“Woodrush”) in NE British
Columbia.
Dejour has successfully production tested the B-100 Halfway oil
step out well at rates of up to 500 BOPD over a seven hour swab
evaluation. Pump jack installation and tie-in to existing gathering
lines is expected to commence later this week to produce this
premium light 44 API to the main facility.
Post perforation well response confirms that this well is a
southerly extension of the main Woodrush Halfway pool which is
currently under waterflood. The placement of this well will allow
for much improved waterflood management. The Company owns a 99%
working interest in this well and is the project operator.
"This latest oil well development is very good news for all
Dejour shareholders. We should now comfortably exceed our gross
production target of 700 BOEPD from Woodrush. It also allows for
improved waterflood management that is expected to translate into
improved ultimate recoveries. Coupled with the Gething discovery
well, our Fort St. John unit has made great strides in realizing
our 2015 production profile goal while allowing us to more
efficiently utilize the substantial infrastructure and in place
pipeline capacity now owned by the Company, following the
acquisitions made in 2014," states Robert L. Hodgkinson, Chairman
& CEO.
About Dejour Energy Inc.
Dejour Energy Inc. is an independent oil and natural gas
exploration and production company operating projects in North
America’s Piceance Basin (43,500 net acres) and Peace River Arch
regions (17,000 net acres). Dejour maintains offices in Denver,
USA, Calgary and Vancouver.
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.
Follow Dejour Energy’s latest developments on Facebook
http://facebook.com/dejourenergy and Twitter @dejourenergy
Dejour Energy Inc.Robert L. Hodgkinson,
604-638-5050Chairman & CEOinvestor@dejour.comorCraig Allison,
914-882-0960Investor Relations - New Yorkcallison@dejour.com
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