We believe the current market
volatility, although significant and painful, will result in potentially even
better opportunities going forward for companies like Dejour.
Indications are that the primary commodities bull market is intact.
Although liquidity concerns could impede progress for those discovery companies
without necessary financing, the companies that have the goods will, in our
opinion, now become even more attractive to investors seeking above average
returns in the E&P arena.
Here are some key areas of consideration and why investors should be
paying even closer attention to Dejour at this time:
- Executing business plan – drilling
in the Piceance Basin and the Peace Arch Region
See recent media releases:
http://www.dejour.com/news/article_2007_08_08_1.html
http://www.dejour.com/news/article_2007_07_25_1.html
http://www.dejour.com/news/article_2007_07_16_1.html
-Over $20m available to fund exploration
and acquisitions
-No debt
-Proven management success
-Drilling on Dejour’s Piceance properties well underway
-Production commencing in the Peace River
Arch by the end of Q3 will transform DEJ to a producing E&P company before
year end
-Dejour has now established an inventory of over 60 exploratory project areas
within the major energy basins over continental North
America with average working interest of over 25%
-Current stock price at slightly over
break-up value
We anticipate this
market correction to provide opportunity for companies like Dejour to be viewed
as a discovery company that is executing its business strategy and will provide
long term value for shareholders based on company results.
Regards,
David
Fry
Ian Tootill
Office of Investor
Relations Office of Investor
Relations
Dejour Enterprises Ltd.
(Amex:DEJ, TSX-V:DEJ)
1100
- 808 West Hastings St.
Vancouver, BC
V6C 2X4
Dejour Enterprises Ltd. is the recipient of the 2007 TSX
Venture 50,
which recognizes the top 10 companies in each of five major
industry sectors,
based on a ranking formula that includes revenue, return on
investment, market
cap growth and trading volume.
Phone:
604-638-5050
Direct:
604- 638-5060
Fax:
604-638-5051
Toll
Free: 1-866-888-8230
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 Corporation’s 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.