PRESS RELEASE
DEJOUR ENTERPRISES
LTD.:
Amex:”DEJ”/ TSX-V: “DEJ”
FOR RELEASE:
September 18, 2007
Dejour Updates
Drilling/Completion for Piceance and Peace Arch Prospects
September 18, 2007 - Vancouver, Canada – Dejour Enterprises Ltd. (Amex: DEJ, TSX-V: DEJ and
Frankfurt: D5R) reports further drilling updates on both its 300,000
acre Piceance Project area and its 39,000 acre Peace Arch Project area.
In Rio Blanco County, located in the Piceance
Basin in Colorado, final testing and completion plans
for the North Barcus Creek #1-12 well have been agreed upon by all partners in
conjunction with Haliburton, the completion consultants to this project, and
are scheduled to commence the week of September 24, 2007. Operations to date
are on time and under budget. Results should be forthcoming over the ensuing 30
days.
The second
well (NBC #2-12) being drilled by Dejour and its partners at its 1590 acre
North Barcus Creek property is currently drilling ahead at 10,720’. Total
depth (11,450’) is expected to be reached in the next 48 hours at which
point the well will undergo comprehensive logging. If indications are
consistent with #1-12 North Barcus Creek, this well will be cased to depth for
testing and completion following the #1-12 well.
Immediately
upon finalization of testing both the #1-12 and #2-12 wells at North Barcus
Creek, Gustavson & Associates will prepare a 51-101 compliant proven
developed and undeveloped reserve report for Dejour and its partners on these two
locations and surrounding spacing units.
Further
drill plans for development of Dejour’s Piceance Basin properties will be
forthcoming in the next 60 days.
The Company is pleased to report that its second discovery
in the Peace River Arch project area, at Saddle
Hills Alberta,
announced in a news release dated May 3, 2007 is now being tested. Dejour
anticipates that this discovery will be completed as a dual zone producer from
both the Paddy and Charlie
Lake zones. Initial
production rates, dates and ensuing development plans will be forthcoming as
released by the operator. Dejour holds a 30% interest in this discovery and a
total of 3840 surrounding acres.
R. Marc
Bustin, Ph.D., P.Geol. FRSC is the qualified person for the Piceance Basin and
Charles Dove. B.Sc.P.Geoph., is the qualified person for the Peace River Arch.
In other
business, Dejour has allowed the previously announced LOI to purchase certain
producing reserves in Liberty County,
Texas to expire. Dejour requires
further specific information to close the transaction, but believes that a
sound purchase and sale agreement may be achieved in due course.
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 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
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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