September 22, 2008
Dejour Brings New Woodrush Wells on Line for Production
Dejour Enterprises, an oil and natural gas exploration and production company, has announced that two additional wells from its Woodrush project in the Canadian province of British Columbia are being brought on line for production.
The two wells bring the company's total production to 630 barrels of oil equivalent per day. In addition, the company has announced its winter exploration plan for its Peace River Arch property and developments in the Piceance Basin.The company's current production levels suggest that operating netback revenue per month by December 2008 will reach a level of C$1.1 million assuming the completion of tie-ins.
Robert Hodgkinson, chairman and CEO of Dejour Enterprises, said: "We are very excited by the increased production these wells represent. We anticipate further production increases in the coming months, and 2009 promises to be a good year for Dejour based on the success we have had in developing our properties."