Tuesday, 15 September 2015

Dejour Issues Kokopelli Project Update - 15/09/2015

Dejour Issues Kokopelli Project Update

Deep Mancos Discovery 14 Stage Completion Highlights Successful Operations 
Dejour Energy Inc. (NYSE MKT:DEJ) (TSX: DEJ) ("Dejour" or the "Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Colorado.

On Kokopelli Pad 21B, Dejour and its operating partner successfully drilled, cased and completed seven Williams Fork wells (Federal 14-15-1-21 through Federal 14-15-8-21) and a single vertical 13600' Mancos discovery well (Federal 14-15-7-21) as contemplated in the original 2014 drill program. The deep Mancos discovery well completion incorporated 14 stages to best assess the multi-zonal potential of the leasehold.

Logs of the Mancos section indicate the presence of gas throughout this deeper zone.
These wells are currently flowing back gas, oil and NGL’s directly into production lines with completion water safely deposited in the PWD well recently drilled and equipped for that purpose. Clean up should be substantially complete with cumulative daily production volumes accurately estimated by the end of the quarter.

Dejour owns a 25% working interest in this Kokopelli project. While the production from the liquids rich Williams Fork is very important to balance existing processing contracts, the successful establishment of a robust gas volume from the high pressure Mancos will dramatically enhance both the production profile and reserve life/value of the entire project

“We are pleased to report the successful completion of the twelve month development and exploratory drilling program executed at the Kokopelli project in NW Colorado.  The transformative event of the Mancos addition, making Kokopelli a true multi-zonal producing property, is the culmination of years of planning. We look forward to including this new production into our overall project profile and will provide a further update when sustainable flow rates are available,” stated Robert L. Hodgkinson, Chairman & CEO.   

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