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
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