Dejour Enterprises Ltd. (NYSE AMEX: DEJ/TSX: DEJ) announced on June 25, 2009 the appointment of Stephen R. Mut to serve as the Special Assistant to the CEO/COO. Mr. Mutt will provide expertise for key financing and asset strategies targeting the Company’s Piceance Basin projects.
Mr. Mut brings valuable oil and gas experience to Dejour including most recently as chief executive officer of a unit of Shell Exploration and a long career with ARCO (Atlantic Richfield Company), where he served in various internationally based executive roles in both upstream and downstream businesses.
Commenting on the news, Dejour’s CEO, Mr. Robert Hodgkinson stated: “Mr. Mut’s industry experience and leadership compliments Dejour’s in house expertise to seize and realize the opportunity in the Piceance Basin. We look forward to his strong skill set assisting us to realize the value that exists in our premium projects”.
We continue to see positive developments coming from the Dejour camp that include: cleaning up their balance sheet, streamlining their business strategy, and putting key people with “big oil” industry experience in roles that can make a difference. With many of Dejour’s primary project areas gearing up again to get the drills turning on both proven prospects and highly prospective targets, we expect the latter half of 2009 to be a catalyst period for the Company’s production and reserve growth – and anticipate a steady stream of news from this highly active junior E & P group.
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