Dejour Proved and Probable Reserves Increase by 215 Billion Cubic Feet Gas Equivalent in 2009

Key Piceance Basin Project’s Proved Undeveloped and Probable Reserves valued at Before Tax Net PV-10 of US$297 Million (net of capital, operating costs and local taxes)

Denver, Colorado, March 16, 2010 — Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ), a high growth oil and natural gas company operating multiple exploration and production projects in North America’s Piceance / Uinta Basin and Peace River Arch regions announced the results of its year end reserve assessment for its wholly-owned subsidiary Dejour Energy (USA) Corp. The reserve evaluation was conducted by independent, global consultants Gustavson Associates LLC (“Gustavson”), of Boulder Colorado, a qualified resource evaluator, and was prepared in accordance with Canada’s National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and the COGE Handbook. The forecast prices are based on December 31, 2009 NYMEX futures strips prices prepared by Gustavson and adjusted for the appropriate transportation differentials.

Read more.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: