Strategic Asset Acquisition Could Add 480 BOE/d to Its Production Base with Netbacks Better than $38.00/BOE
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Dejour Energy Inc. (DEJ)
DEJ reported that, subject to final approval from the TSX, it will acquire a further 24% Working Interest in its legacy Woodrush oil and gas production project.
DEJ will own a 99% working interest in these legacy Woodrush properties.
DEJ estimates the Woodrush/ Hunter complex will contribute 480 BOE/d to its production base with netbacks better than $38.00/BOE (oil and gas combined). DEJ plans to invest up to $2.5mm to further develop reserves at Woodrush, beginning in Q3 2014. On a 75% risked basis the anticipated development plan could add over 300 additional BOE/d prior to YE 2014.
DEJ is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (56,500 net acres) and Peace River Arch regions (17,000 net acres).
More about Dejour Energy Inc. (DEJ) at www.pennyomega.com/disclaimer
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