PRESS RELEASE
DEJOUR ENTERPRISES LTD.:
Amex:”DEJ”/ TSX-V: “DEJ”
FOR
RELEASE:
September 5, 2007
Dejour’s
Piceance Basin Well Contains 263’ Net Pay
September 5, 2007 -
Vancouver, Canada – Dejour Enterprises Ltd. (Amex: DEJ, TSX-V:DEJ and D5R: Frankfurt) is
pleased to announce that the H & P Rig #159 has been released from the N.
Barcus Creek #1-12 well where logging operations and the setting of production
casing were successfully completed. Dejour engaged Gustavson Associates,
Boulder Co. (Geologists – Engineers – Appraisers) to conduct a
preliminary petrophysical analysis of the #1-12 well logs and in its report
Gustavson disclose that it is their interpretation that there exist reservoir
properties consisting of an estimated 263 feet of potential net pay with
average porosity of 10%. Throughout drill operations the mud log showed strong
evidence of reservoir gas.
The H&P Rig #159 is in the
process of relocating and rigging up to drill the nearby N. Barcus Creek #2-12
well (within approximately 1800 feet of the #1-12 well) to be deepened to a
projected TD of 11,425’. Drill operations should be concluded around the
end of September 2007.
This ‘Rio Blanco Deep’ project is one of over 60
separate exploration projects held by Dejour (average interest over 25%) in its
search for and exposure to significant energy discovery in the hydrocarbon
bearing basins of Piceance/Uinta in Colorado/Utah and the Peace River Arch of
NE British Columbia/NW Alberta Canada, inclusive of the uranium bearing
Athabasca/Thelon Basins of Northern Canada through its holdings of Titan
Uranium (TSX-V: TUE) and associated carried/royalty interests.
R. Marc Bustin, Ph.D., P.Geol. FRSC is the qualified person
for this news release.
About Dejour
Dejour Enterprises Ltd. is a micro
cap Canadian company focused on oil & gas exploration and production with a
significant investment in uranium discovery. The company acquires high-impact
energy assets and strategically monetizes them to enhance
shareholder returns. The Company is listed on the TSX
Venture Exchange (DEJ.V), Amex (DEJ), 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
CAUTIONARY DISCLAIMER - FORWARD LOOKING
STATEMENTS
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the US
Private Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts that address future
production, reserve potential, exploration drilling, exploitation activities
and events or developments that the Company expects, are forward-looking
statements. Although Dejour believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking
statements include uranium and oil and gas prices, well or production
performance, exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business conditions. The
Company expressly disclaims any obligation to update any forward-looking
statements. We seek safe harbor.
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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