PRESS RELEASE
DEJOUR ENTERPRISES
LTD.:
Amex: ”DEJ”/ TSX-V: “DEJ”
FOR
RELEASE:
August
08, 2007
Dejour Updates
Piceance Barcus Creek Drilling Program
August 8, 2007 - Vancouver, Canada – Dejour Enterprises Ltd. (DEJ: TSX-V/Amex: DEJ and D5R:
Frankfurt) is pleased to announce Phase One of the
drilling on the first of 2 well locations on the North Barcus Creek Prospect by
Dejour and its partners has been completed. This deep basin centered natural
gas prospect is located in the north-central part of the Piceance Basin of
Western Colorado in Rio Blanco County.
Lang Exploratory Drilling has drilled to 3200 ft. and cased
the surface hole for the #2-12 North Barcus Creek well (Refer to http://dejour.com/projects-north-barcus-creek.htm).
That rig has been moved to #1-12 North Barcus Creek well and is currently
drilling ahead at 1520 ft. The drilling program for these wells is a two
stage process. Phase Two of the drilling program has commenced with the rigging
up of HP Rig #159 to deepen the #2-12 well to a total depth of 11,500 ft. Once
the #2-12 has been drilled to total depth, this rig will be moved to complete
the same operation at the #1-12 location. Combined drilling and testing
time for these first two wells is estimated to be 100 days.
These two
wells are the first wells to be drilled by Dejour and its partners on over
290,000 acres of land holdings in the Piceance – Uinta Basins
respectively of Western Colorado and Eastern Utah, acquired since July of 2006.
The North Barcus Creek prospect, covering 1590 acres, is one of 3 separate land
holdings totaling over 5000 acres within the highly promising ‘Rio Blanco
Deep’ project area of the Piceance
Basin. Logs of a
well drilled on this
prospect in 1979 showed 260 ft. of potential hydrocarbon bearing sands in the
Upper Isles formation of the Mesa Verde group.
Dejour and
its partners initially plan to drill a total of 4 separate locations at North
Barcus Creek. It is expected that these lands will be fully developed on
maximum 40 acre spacing units. Accessible pipeline facilities lay within one mile
of the lease boundaries.
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 to the uranium bearing Athabasca/Thelon
Basins of Northern Canada through its holdings of Titan Uranium (TSX-V: TUE).
For the
first time in the company’s recent history, drilling is active in each of
these three high potential areas.
About Dejour
Dejour
Enterprises Ltd. is a micro cap Canadian company focused on oil & gas
exploration with a significant indirect investment in uranium discovery.
The company acquires high-impact energy assets and strategically monetizes them
through partnerships and co-ventures to limit exposure and enhance returns.
Dejour has significant holdings in three of the world's
premiere energy resource regions. This includes 290,000 gross (60,000 net)
acres in the Piceance and Uinta Basins, a vast natural gas play in North
America; and a major interest in Titan Uranium, Inc. (TSX-V: TUE), with 1.44
million acres in the Athabasca and Thelon Basins, the world's most recognized
areas for uranium exploration. Finally, the company is pursuing high impact
natural gas opportunities in Canada's Western Sedimentary Basin, known as the
Peace River Arch Projects, comprised of 39,000 gross acres. The Company is
listed on the TSX Venture Exchange (DEJ), AMEX (DEJ), and Frankfurt (D5R).
Refer to www.dejour.com for
company details or contact the Office of Investor Relations at investor@dejour.com
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.
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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