Dejour Energy Inc. Reports Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 5 15
Dejour Energy Inc. reported earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of CAD 1,410,000 compared to CAD 2,354,000 a year ago. Cash outflow was CAD 705,000 or CAD 0.00 per basic and diluted share compared to cash inflow of CAD 2,000 or CAD 0.00 per basic and diluted share a year ago. Net loss was CAD 3,331,000 or CAD 0.02 per diluted share compared to net income of CAD 4,350,000 or CAD 0.02 per basic and diluted share a year ago. Cash flows used in operating activities was CAD 127,000 compared to cash flows from operating activities of CAD 388,000 a year ago.
For the year, the company reported revenue of CAD 9,049,000 compared to CAD 9,317,000 a year ago. Cash outflow was CAD 100,000 or CAD 0.00 per basic and diluted share compared to cash inflow of CAD 522,000 or CAD 0.00 per basic and diluted share a year ago. Net loss was CAD 7,203,000 or CAD 0.04 per basic and diluted share compared to CAD 2,577,000 or CAD 0.02 per basic and diluted share a year ago. Cash flows used in operating activities was CAD 581,000 compared to cash flows from operating activities of CAD 962,000 a year ago.
For the quarter, the company reported combined production of 310 BOE/d compared to 620 BOE/d a year ago.
For the year, the company reported combined production of 449 BOE/d compared to 504 BOE/d a year ago.
Dejour Energy Inc. Drills Mancos Gas Test at Kokopelli
Feb 9 15
Dejour Energy Inc. reported on current development progress at the Kokopelli Project. Since the commencement of this phase of Kokopelli in September 2014, Dejour with its operating partner have completed the drilling, casing, fracking and testing of the produced water disposal(PWD) well on Pad 21A, vital to the economics of the ongoing Kokopelli production programs. This well is now ready to equip as a disposal well for produced water for all wells expected to be drilled on the Jolley Mesa portion of this south lease at Kokopelli, once associated facilities are in place. Subsequently, on Pad 21B, less than 500 yards away, the working interest partners successfully drilled and cased 7 Williams Fork wells (Federal 14-15-1-21 through Federal 14-15-8-21) and a single vertical 13600 Mancos test well (Federal 14-15-7-21) as contemplated in the original 2014 drill program by the Operator. Logs to date of the Williams Fork indicate production profiles consistent with existing current production. Logs of the Mancos section encountered in the last well indicate the presence of gas throughout this deeper zone. Data continues to be interpreted with additional cased-hole logs to be run in February. With this drill phase now at a close, comprehensive fracking, completion and tie in options are now being assessed by the Operator. Production rates of the entire suite of wells will be established once the wells are on line. The findings to date related to the Mancos section at Kokopelli creates the potential for a multi-zonal resource to highlight this Colorado-based holding. Under the Operator's stewardship, this developmental phase of the Kokopelli Project has moved according to plan and Dejour is now positioned to benefit from a most attractive 12 well U.S. production base with the ability to expand as the gas price dictates. There are currently 208 undrilled locations in the Williams Fork, alone, on this 2200-acre property, prior to any lease expansion. Completion success of this Mancos well is expected to increase that number and demonstrably increase the deliverable resource.
Dejour Energy Inc. Updates Current Development Progress Underway at the Woodrush/Hunter Project in Ne British Columbia
Jan 27 15
Dejour Energy Inc. updated current development progress underway at the Woodrush/Hunter Project (Woodrush) in NE British Columbia. Dejour has successfully tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from the recently completed 2014 drill program. The two wells are currently producing 350 BOEPD. Logs and production rates from these initiatives have been provided to GLJ, reservoir engineers for inclusion in the YE 2014 evaluation.