Dejour Energy Adds to NW Colorado Exploration Leaseholds

Before you go, we thought you'd like these...
Before you go close icon

Dejour Energy Adds to NW Colorado Exploration Leaseholds

DENVER--(BUSINESS WIRE)-- Dejour Energy (USA) Corp. a wholly owned subsidiary of Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced that it has added ~31,000 net acres to its current exploration landholdings in NW Colorado through a restructuring of its Exploration Joint Venture with Brownstone Energy, in place since 2008. Dejour/Brownstone will however retain their respective 71.5%/28.5% interests in the 2200 acre Kokopelli Project, where the Dejour Federal 6/7-13-21 well is currently drilling. Dejour now holds over 150,000 net acres of oil and gas leaseholds in NE British Columbia and NW Colorado.

With the conclusion of this deal, Dejour regretfully announces the departure of Richard Patricio, VP of Brownstone, as a director of Dejour and member of the audit committee. Over the last 4 years Richard has made many valuable contributions to the Dejour Board and to its various committees. His presence was very much appreciated. Dejour wishes Mr. Patricio every success in the future. The Company plans to announce a realignment of its Board of directors prior to the next AGM.


About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America's Piceance Basin (approximately 140,000 net acres) and Peace River Arch regions (approximately 11,000 net acres). Dejour's seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange MKT (NYSE MKT: DEJ) and Toronto Stock Exchange (TSX: DEJ).

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow Dejour Energy's latest developments on:
Facebook http://facebook.com/dejourenergy and Twitter @dejourenergy



Dejour Energy Inc.
Robert L. Hodgkinson, 604-638-5050
Co-Chairman & CEO
Facsimile: 604-638-5051
investor@dejour.com
or
Craig Allison, 914-882-0960
Investor Relations - New York
callison@dejour.com

KEYWORDS:   United States  North America  Canada  Colorado

INDUSTRY KEYWORDS:

The article Dejour Energy Adds to NW Colorado Exploration Leaseholds originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners