Dejour Enterprises ist hoch explosiv
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Mit rund 30mio Aktien outstanding und einem Kurs von 1,16 CDN Dollar bleibt aber jede Menge Luft, wenn man sich die Projekte der Firma etwas näher ansieht!
Gute Jagd und fette Beute
Business is all about people:
ROBERT L. HODGKINSON - Chairman of the Board | CEO
* Over 30 year's relevant experience in public and venture capital markets.
* Chairman and CEO of Dejour Enterprises Ltd. (2004 - present)
* Hodgkinson Equities Corporation (1990 - present)
* Optima Petroleum (Petroquest Energy - PQUE Nasdaq) (1989 -1998)
- founder
* Equatorial Energy Inc. (Resolute Energy/Esprit Energy Trust - EEE.UN TSX) (1995-1999)
- founder (Australian Oil Fields)
* Vice President and Partner with Canaccord Capital Corp. (1980 -1990)
* Canadian Investment Finance - Gold Medalist (1974)
DOUG CANNADAY - President | COO | Director
* Over 25 years experience in oil and gas exploration
* Previously held positions as Director, Officer or controlling Principal for various oil exploration companies including:
* - Artesian Petroleum Corporation, Amador Resources Ltd., Seahawk Oil & Gas Ltd., Lava Cap Resources Ltd. 1999-2002 pursued gold mining opportunities and founded Riomin Resources S.A. in Ecuador
* Various Alberta oil and gas consulting assignments in 2002
* Dejour Enterprises Ltd.
- 2003 hired as a consultant responsible for identifying oil and gas opportunities
- Appointed Director in July 2004
- Appointed President and COO in December 2004
MATHEW WONG, CA, CFA, CPA (WA) - Officer | Chief Financial Officer
* 9 years experience in public and private practice - Ernst & Young, GLT Network Inc., Mitsubishi Canada
* Corporate finance experience developing expertise in financial modeling and investment structuring
* Experience in international tax, statutory and US GAAP reporting and internal control policies
DR. LLOYD CLARK, B.E., Geological Engineering, MSc., PhD - Director
* Three years as pre-and post-doctoral research fellow at The Carnegie Institute in Washington, D.C. Geophysical Laboratory
* Professor of Geology and geochemistry at McGill University for 10 years
* Six years Senior Research Geologist and Head of Geochemical Research Division at Kennecott Exploration Inc., Salt Lake City
* Nine years with Saskatchewan Mining Development Corporation (now Cameco) in Saskatoon as Exploration Manager and Chief Geologist. Dr. Clark established the Exploration Branch, including all exploration methods, administrative procedures and oversaw a staff including up to 65 geologists. His group developed exploration techniques currently employed in Saskatchewan for uranium exploration by numerous companies
* During Dr. Clark's tenure at SMDC, his team made the discovery of uranium at McArthur River, which deposit has become the world's largest, most profitable and highest grade uranium mine
* More recently he formed his own consulting company specializing in exploration of uranium, gold and base metal properties
* In addition to other awards, Dr. Clark has received 12 National Research Council of Canada fellowships and research grants and published over 23 scientific papers
ARCHIBALD NESBITT, B.COMM, LLB - Director
* 25 years of experience in the development and financing of junior resource and venture companies and has served as a director of several junior companies
* Founder, senior officer and director of a number of publicly traded and private corporations
* - Gateway Gold Corporation, Southpoint Resources Ltd., Riverstone Resources Ltd. and Bakbone Software Inc. Career in the resource business began with his late father, John C. Nesbitt in 1966, focusing on the exploration for uranium near Uranium City Saskatchewan where 20 years prior John C. Nesbitt discovered Nesbitt Labine and Gunnar uranium mines.
* Holds LLB. from University of Western Ontario, B. Comm. Queens University
DR. R. MARC BUSTIN - Director
* 30 year's experience
* PhD in geology in 1980 from the University of British Columbia and is a registered Professional Geoscientist in BC
* Professor of petroleum and coal geology in the Department of Earth Sciences at the University of British Columbia
* President of RMB Earth Science Consultants and a Principal of CBM Solutions Ltd. • Past recipient of the A.L.Leverson memorial award from the AAPG and received the Thiesson Medal from the International Committee for Coal Petrography in 2002 for his contributions to coal sciences/organic petrology. In 2003 he received the Sproule Award for contributions to the study of unconventional gas resources.
* Elected Fellow of the Royal Society of Canada.
* Is or has been an associate editor of the Canadian Society of Petroleum Geology Bulletin, Sedimentary Geology, International Journal of Coal Geology and the Canadian Journal of Earth Sciences and is a member of the International Congress on the Carboniferous and Permian (ICCP), American Association of Petroleum Geologists (AAPG), The Society for Organic Petrology (TSOP) and Geological Society of America (GSA).
* Published over 150 scientific articles on fossil fuels.
* Professional experience includes:
- Mobil Oil Canada
- Gulf Canada Resources
- Elf-Aquitaine (France)
- CSIRO (France)
- CNRS (Australia)
- Consulted and functioned as a director and technical advisor for a variety of small through large petroleum companies in Europe, Africa, North America and Asia.
CRAIG STURROCK LL.B LL.M - Director
* Over 34 years of experience in the practice of law having been admitted to the British Columbia Bar in 1969. Joined the firm Thorsteinssons LLP, tax lawyers in 1971. Between 1974 and 1989 practiced tax law as a partner of Birnie, Sturrock & Company returning to Thorsteinssons as a partner in 1989.
* Experience as a director and founding member of various public and private companies.
* Practice focuses primarily on civil and criminal tax litigation. His litigation experience includes both federal and provincial taxation statutes, with particular reference to criminal litigation and the Charter of Rights.
* An author and speaker for the Canadian and British Columbia Bar Associations, the Continuing Legal Education Society of British Columbia and the Canadian Tax Foundation. He was also a former member of the Board of Governors of the Canadian Tax Foundation.
Und ich glaube, dass diese Herren aus der noch kleinen Dejour eine mittelgrosse Öl-, Gas- und Uranfirma formen. Dejour wird bald drüben in aller Munde sein. Ihr wisst, dass ich die notwendigen Kontakte habe um sowas behaupten zu können
Dummerweise rannte sie gestern hoch und ich durfte nachlaufen um ein paar zu kriegen
Thursday January 26, 1:43 pm ET
Dejour Enterprises Ltd. (TSX-V: DJE/OTC:DJEEF) Shares Issued: 39,335,398 Last Close: 1/25/2006 - $1.23
VANCOUVER, Jan. 26 /CNW/ - Robert L. Hodgkinson, Chairman & CEO, is pleased to provide updates on the Company's exploration projects.
ADVERTISEMENT
Uranium:
Athabasca Basin, Northern Saskatchewan: The Company reports that its exploration program on its 100% owned properties in the Basin is rapidly progressing. The Company is the Operator. Line cutting work is ahead of schedule. The line cutting and geophysical crew (14) has mobilized to the field this week to conduct the work necessary to finally define drill locations for the initial 10-12 holes. Drilling is able to commence by the end of March 2006. These holes will test targets defined by the air/ground geophysical work, anomalous radioactivity and sandstone alteration intersected in drilling by previous operators.
J. Allan McNutt, P. Geo., M.A. Sc., is the qualified person for Dejour's uranium projects.
Oil & Gas:
Lavaca Prospect, Texas: The Company previously reported the successful drilling, logging and casing of its first well on this prospect. Well logs indicate up to four (4) intervals of interest. The Company is awaiting release of further information from the Operator.
Tinsley Deep Prospect, Mississippi: The Company reports that the drilling of the Merit No. 1 well has reached a depth of 10,290 feet on its way towards a target depth of 12,000 feet.
The Operator reports that as expected, the faulted anticline was cut in the lower Hosston and Upper Cotton Valley formations and that "so far, things are geologically as expected", if not better.
The Smackover formation was penetrated at 10,221 feet and after drilling approximately 80 feet into the Smackover the drill bit was stopped at 10,290 feet. Drilling of the adjacent Union Jennie Stevens No. 21 well (in 1945) was halted approximately 120 feet into the Smackover formation, where the old logs indicated the presence of sour gas.
The Merit No. 1 well has now been logged to current depth and an intermediary casing string has been inserted due to anticipated over-pressured formations (4,500 pounds plus) in each of the Smackover and Norphlet formations. A log analyst has reviewed the logs and identified the existence of a section of interest, uphole, in the Cotton Valley formation.
The Smackover formation in the Merit No. 1 well is 645 feet high to the nearby Union Jennie Stevens No. 21 well mentioned above. This is geologically significant. Prior to commencement of drill operations the Operator's geologic prognosis for the Merit No. 1 well was that it would be 400 feet higher at the Smackover formation and 600 feet higher at the Norphlet formation.
The Company estimates the well should reach target depth within 2 weeks.
This drill location is sufficient to test the shallow Cotton Valley, the Smackover, and the deeper Norphlet formations. The Operator intends to drill up to 200' into the top of the Louann Salt dome over which the hydrocarbon targets are draped.
Prior to drilling commencement, the Operator's original prognosis, using 3D seismic data, estimated the existence of 5100 productive acres of 100' net sand with 12% porosity could contain recoverable 349 BCF gas and 7.1 MM barrels condensate from the Smackover formation. Separately, the Operator estimated the existence of 3800 productive acres of 100' net sand with 15% porosity could contain recoverable 284 BCF gas and 6.7 MM barrels condensate from the Norphlet formation. These estimates are prospective resource estimates only, but do not include any allocation for the Cotton Valley formation. The Company has not done a risk analysis in accordance with National Instrument Policy 51-101.
R. Marc Bustin, Ph.D., P. Geol., FRSC, is the qualified person for Dejour's oil and gas projects.
Funding:
Following the successful closing and oversubscription to its latest equity financing, reported December 29, 2005, Dejour enters 2006 with approximately CDN $12.4mm in cash to direct to its high impact energy based exploration projects.
About Dejour
Dejour Enterprises Ltd. is a micro-cap Canadian energy company developing high impact exploration opportunities in the current energy super cycle. The Company's focus is uranium and oil & gas. The Company is listed on the TSX Venture Exchange under the symbol (DJE.V). Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor(at)dejour.com.
§ The TSX Venture Exchange does not accept responsibility for the adequacy
§ or accuracy of this news release.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement.
For further information
Robert L. Hodgkinson, Chairman & CEO, DEJOUR ENTERPRISES LTD., Suite 1100-808 West Hastings Street, Vancouver, BC, V6C 2X4, Phone: (604) 638-5050, Facsimile: (604) 638-5051, Email: investor@dejour.com
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Dejour to Raise CAN$2.05 million privately
Friday March 3, 5:08 pm ET
Dejour Enterprises Ltd. (TSX-V: DJE, TSX-V: DJE.WT, OTC: DJEEF) Shares Issued: 44,999,943 Last Close: 3/03/2006 - CAN$1.47
VANCOUVER, March 3 /CNW/ - Dejour Enterprises Ltd. has agreed to privately place 1,366,700 units at $1.50 per unit, subject to regulatory approval. Each unit comprises of one common share and one half common share purchase warrant. Each whole warrant is exercisable into one common share at $1.65 per share until December 31, 2007. The Company has the right to trigger early exercise of the warrants should the closing price of the Company share be equal to or exceed $2.50 for seven consecutive trading days.Dejour has agreed to pay a finders' fee of up to 6% in cash and/or provide a finders' warrant of up to 6% of the shares/units placed, where applicable, subject to regulatory approval. The finders' warrant will have the same terms as those issued as part of the units.
Uses of funds are for: - Furthering development of its oil and gas prospects in North America - Creation of a reserve for funding further acquisitions - Supplementing working capital About Dejour Enterprises Ltd. -----------------------------Dejour Enterprises Ltd. is a micro-cap Canadian energy company developing high impact exploration and development opportunities in the current energy super cycle. The Company's focus is uranium and oil & gas. The Company is listed on the TSX Venture Exchange under the symbol (TSX-V:DJE - News). Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor(at)dejour.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For further information
Robert L. Hodgkinson, Chairman & CEO, DEJOUR ENTERPRISES LTD., Suite 1100 - 808, West Hastings Street, Vancouver, BC, V6C 2X4 , Phone: (604) 638-5050, Facsimile: (604) 638-5051, Email: investor@dejour.com
Dejour Increases Private Placement by CDN$1,000,000
Tuesday March 21, 4:37 pm ET
Dejour Enterprises Ltd. (TSX-V: DJE, TSX-V: DJE.WT, OTC: DJEEF) Shares Issued: 45,683,276 Last Close: 3/20/2006 - CDN $1.55
VANCOUVER, March 21 /CNW/ - Dejour Enterprises Ltd. has agreed to increase the second tranche of units. Total units to be issued for the second tranche non brokered private placement is 1,353,333 units. Each unit comprises of one common share and one half common share purchase warrant. Each whole warrant is exercisable into one common share at $1.65 per share until December 31, 2007. The Company has the right to trigger early exercise of the warrants should the closing price of the Company share be equal to or exceed $2.50 for seven consecutive trading days.
The total funds to be raised in the second tranche will be CDN $2,030,000 subject to regulatory approval. The first tranche as previously announced was closed on March 10, 2006. Closing will be on or about April 7, 2006.
About Dejour
Dejour Enterprises Ltd. is a micro-cap Canadian energy company developing high impact exploration opportunities in the current energy super cycle. The Company's focus is uranium and oil & gas. The Company is listed on the TSX Venture Exchange under the symbol (DJE.V). Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor(at)dejour.com.
§ The TSX Venture Exchange does not accept responsibility for the adequacy
§ or accuracy of this news release.
For further information
Robert L. Hodgkinson, Chairman & CEO, DEJOUR ENTERPRISES LTD., Suite 1100 - 808 West Hastings Street, Vancouver, BC, V6C 2X4, Phone: (604) 638-5050, Facsimile: (604) 638-5051, Email: investor@dejour.com
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Source: Dejour Enterprises Ltd
Ullmann, Schmidt & Co. - Dejour gutes Chance-/Risikoverhältnis
11:13 13.03.06
Die Experten von Ullmann, Schmidt & Co. sehen bei der Aktie von Dejour Enterprises (ISIN CA2448662080/ WKN 250795) ein gutes Chance-/Risikoverhältnis.
Das Unternehmen sei der fünftgrößte Lizenznehmer von Uran-Explorationsprojekten im Uranreichen Athabasca-Basin in Saskatchewan, Kanada. Für die Exploration und Zusammenstellung der Uran-Projekte zeichnet der Direktor Dr. Lloyd Clark verantwortlich, unter dessen Leitung die McArthur Uranmine in Saskatchewan von Cameco entdeckt worden sei, einer der reichsten und größten Uranminen weltweit. Bereits Ende März beginne Dejour ein 5.000 m umfassendes Bohrprogramm und dürfte für zusätzliche Fantasie sorgen. Im Öl/Gas-Bereich besitze Dejour einerseits einen 43-prozentigen Anteil am Tinsley Deep Gas Projekt im US-Bundesstaat Mississippi. Eine 12.000 Fuß tiefe Bohrung sei im Dezember 2005 erfolgt, erste seismische Messungen würden ein konservativ kalkuliertes Potenzial von insgesamt 633 Mrd. Kubik-Fuß Gas und 13,8 Mio. Barrel Öl ergeben.
Daneben habe Dejour einen 10-prozentigen Anteil am Lavaca Öl-/Gas-Projekt in Texas für Investitionskosten von lediglich 0,1 Mio. USD erworben. Ein erstes erfolgreiches Bohrloch könnte auf baldige Cash-Flows hindeuten. Die konservativ geschätzte potenzielle Ressource des Gesamtprojektes belaufe sich auf 200 Mrd. Kubik-Fuß Gas und 20 Mio. Barrel Öl. Das Management von Dejour sei die Grundlage des bisher erreichten Erfolgs von Dejour. Mit Bob Hodgkinson als CEO und Aufsichtsratsvorsitzenden verfüge Dejour über einen sowohl in der Energie- wie auch Finanzwirtschaft sehr erfahrenen und erfolgreichen Manager. Damit sei von weiteren Akquisitionen Erfolg versprechender Projektgebiete auszugehen, wobei auch die weitere Exploration der bestehenden Projekte für Fantasie sorgen werde.
Dejour Enterprises sei ein gut aufgestelltes Energie-Explorationsunternehmen mit Fokus auf Nordamerika. Dejour besitze exzellente Explorationsprojekte im Bereich Uran sowie guten Zugang zu Gas- wie auch Ölprojekten, wobei erste Erfolge in der Gas-Exploration bereits festzustellen seien und zu kurzfristigen Cash-Flows führen könnten. Das sehr erfolgsorientiert arbeitende und erfahrene Management verfüge über hervorragenden Zugang zu weiteren Projekt-Akquisitionen.
Dejour bietet als diversifiziertes Energie-Explorations-Unternehmen, nach Ansicht der Experten von Ullman, Schmidt & Co., ein überdurchschnittlich positives Chance-/Risikoverhältnis im Energie-Explorationssektor.
Die Aktie hat sich auf hohen Niveau gut gehalten und die vielen Verkäufe wurden alle vom Markt aufgenommen!
DEJOUR ENTERPRISES LTD (CDNX) |
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Wie ist denn die Marktkapitalisierung im Vergleich zu anderen Explorer-Werten?
Fazit: Hier wollen viele Investoren mit ihr Kapital hinein!
Mar 29
Staff reporter and Bloomberg
http://afr.com/articles/2006/03/28/1143441148927.html
Spot uranium prices may surge as much as 45 per cent to a high of a pound by mid next year, potentially driving further gains for sharemarket-listed explorers hoping to cash in on expectations that demand for the nuclear fuel will outstrip supply over the next 10 years.
The growing political acceptance of uranium mining has spurred a boom in uranium stocks that has investors paying between and a pound of uranium mineralisation, according to a Resource Capital Research report released yesterday.
The report covers 22 global uranium exploration and development companies and focuses on Australia, Canada and the United States.
The boutique research company forecasts the uranium price will reach a pound in 2006, an increase of 35 per cent over the current spot price of a pound, and a pound by mid-2007.
Shares in Energy Resources of Australia, Energy Metals and Australian uranium companies jumped yesterday. ERA rose 45¢ to $13.75 and Energy Metals rose 40¢ to $6.
Shares in uranium explorer Toro Energy, which more than trebled in their debut day of trading on March 24, jumped as much as 6.5 per cent to almost six times their issue price.
Encounter Resources, a uranium explorer that began trading on March 24, jumped 85 per cent to 88¢, making it the biggest gainer on the exchange yesterday.
"With the opportunity opening up of the Chinese market, it\'s providing greater confidence in the market that all the exploration spending going on is actually worthwhile," Fat Prophets Fund Management senior resources analyst Gavin Wendt said.
"If it was possible to add more enthusiasm to the whole uranium sector, this has done it."
Australia, which has the world\'s largest-known uranium reserves, started talks last year with China to ensure any uranium supplied would be used only for peaceful purposes.
Miners such as Energy Metals and Compass Resources are competing to explore for the fuel in Australia as demand surges.
Shares in BHP Billiton, which produces uranium at the Olympic Dam mine in South Australia, had also benefited from optimism about the metal, Mr Wendt said.
China plans to boost nuclear energy fourfold by 2020 by building 28 nuclear power plants to meet rising energy demand, according to the World Nuclear Association.
Australia has 31 per cent of global uranium reserves although it meets only 21 per cent of demand, according to government figures, partly due to mining bans.
http://www.dejour.com/news/article_2006_03_30_1.html
Dejour Exploration & Business Update
Dejour Enterprises Ltd.
Shares Issued: 45,999,041
Last Close: 3/29/2006 – CDN $2.38
March 30, 2006 – News Release
Vancouver, BC, Canada
Robert L. Hodgkinson, Chairman & CEO, is pleased to provide updates on the Company’s business and exploration activities including its 100% owned Athabasca Basin uranium projects; a new Alberta- based Oil & Gas Joint Venture; its Tinsley and Lavaca oil & gas exploration projects and to report the Company currently has $20 million cash on hand.
Uranium:
Athabasca Basin, Northern Saskatchewan: The Company reports that its exploration program in the Basin on its 100% owned properties is underway. The Company is the Operator. The line cutting work is complete. The geophysical crew is currently on the Sand Hill Lake Project and expected to move to the Fleming Project during the week commencing April 3, 2006. Hy-Tech Drilling has mobilized their drill rig to Dejour’s camp site.
R-Seven Project - The first 6 holes will be drilled on the Company’s R-Seven Project comprised of 54,531 hectares (134,739 acres). Results from the Company’s airborne electromagnetic surveys indicate existence of over 140 kilometers (87 miles) of basement electromagnetic conductors many of which are extensively cross-faulted, suggesting excellent potential for uranium mineralization. Over 10 million was spent on exploration in the past in this area, including drilling of 12 holes. One of these holes intersected highly anomalous radioactivity as well as extensive clay mineral alteration at the contact of overlying sandstone with basement rocks, at a depth of about 440 meters. Cameco has just completed a drill programme on their Hook Lake project testing conductive horizons which trend on to Dejour’s R-Seven Project.
Meanwell Lake Project – The Company plans to drill 2 holes on this project comprised of 14,989 hectares (37,038 acres). Results from the Company’s airborne electromagnetic surveys indicate the existence of three conductive zones on the property with potential for uranium mineralization. Cogema has just completed a winter drilling programme on adjoining properties to the east and west.
Sand Hill Lake Project – The Company plans to drill 7 holes on its Sand Hill Lake Project comprised of 74,312 hectares (183,628 acres). Results from the Company’s airborne electromagnetic surveys indicate existence of over 75 kilometers (45 miles) of basement electromagnetic conductors many of which are cross-faulted, suggesting excellent potential for uranium mineralization. After flying the electromagnetic surveys, the Company staked 7 new claims contiguous to its original claims covering newly identified basement conductors to the north and west of the original property. Dejour views this as a high priority project because it adjoins and is on-trend with the exciting recent discovery by Cameco-Formation Capital of significant uranium mineralization on the adjacent Virgin River property at what is now called the Centennial Zone.
The initial discovery here is in drill hole VR-18, which intersected 5.83% U308 over 6.4 meters including 13.86% U308 over 2.5 meters, where drilling now has extended for a strike length of 100 meters. The best new drill hole, DDH VR-18W2, a wedge hole off the original discovery hole, VR-18, had 3.9 meters of 8.39% U308 with a maximum grade of 25.6% in the footwall of what is locally called the Dufferin Lake Fault. Conductors in basement rocks on Dejour’s Sand Hill Lake property were identified near the Cameco-Formation Capital property. Dejour reports that these conductors are in part associated with faults trending northwest through an area where uranium is enriched in the bottom sediments of several lakes. All of the conductors here make for prime drilling targets. The sandstone cover to the important northeast side of the property runs to approximately 700 meters depth, increasing from a depth of 100 meters at the south end of the property.
Summer Exploration Program – At the same time the Company hauled fuel and supplies to the camp site for its Spring Exploration Program the Company also transported additional fuel and supplies to carry out additional drilling and ground geophysics on the Company’s projects during its Summer Exploration Program. Further details of this additional program will announced in the near future.
J. Allan McNutt, P. Geo., M.A. Sc., is the qualified person for Dejour’s uranium projects.
Oil & Gas:
Alberta Oil & Gas Joint Venture – The Company has conditionally agreed to a Joint Venture arrangement with Charles W.E. Dove, a company advisory board member since November 2004, and a principal with Dove & Kay Exploration Ltd. of Calgary. Mr. Dove, a geophysicist, with over 27 years oil & gas experience, is leaving his geophysical consulting business to join with Dejour to identify, generate and pursue certain oil & gas opportunities in the Western Sedimentary Basin. The Joint Venture is owned and will be funded 90% Dejour with Mr. Dove’s company, Wild Horse Energy Ltd. owning and funding the remaining 10%. The Joint Venture is scheduled to commence activities effective April 3, 2006. Dejour will maintain an office at Suite 690, 400 – 5th Ave. S.W. (Roslyn Building), Calgary, Alberta. The Joint Venture is subject to approval by the TSX Venture Exchange.
Tinsley Deep Prospect, Mississippi: The Company is advised by the Operator that all the participants of the Merit #1 well have been informed that after 99 days of operations the well is not economic. The Company continues to evaluate the data to determine the future exploration potential of the prospect. traurigtraurig
Lavaca Prospect, Texas: The Company is advised by the Operator of the Lavaca Prospect that a completion rig has returned to its first well on the prospect. During December 2005 the well was drilled to 8,200 feet, logged and cased. The Operator plans to conduct testing of 2 intervals. The first interval to be tested is an 8 foot section within the Woodford Dolomite formation. Depending on the outcome from that completion effort, the Operator plans to go up the hole to the Strawn Lime formation to test an interval totaling 27 feet. The Company will provide further updates as it receives information from the Operator.
Funding:
Following the successful closing and oversubscription to its latest equity financing, reported March 3, 2006, Dejour enters the 2nd quarter of 2006 with approximately CDN $20 million in cash to direct to its high impact energy based exploration projects. Of this, the Company has $10 million to be allocated towards Canadian exploration expenditures targeting uranium and oil & gas. The remaining $10 million is earmarked for working capital and strategic acquisition. The Company is free of debt.
About Dejour
Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market’s decreasing conventional supply and increasing demand for energy. The Company is listed on the TSX Venture Exchange under the symbol (DJE.V). Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Corporations’ periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100 - 808 West Hastings Street, Vancouver, BC V6C 2X4
Phone: 604.638.5050 Facsimile: 604.638.5051 Email: investor@dejour.com
diese verspätete Gewinnmitnahme bei gleichzeitig guten Nachrichten kann ich nicht ganz nachvollziehn
Dejour Enterprises Ltd. (TSX-V: DJE/OTCbreites GrinsenJEEF) Shares Issued: 48,177,041 Last Close: 4/07/2006 - CDN $2.41
Apr 10, 2006 2:40:00 PM
VANCOUVER, April 10 /PRNewswire-FirstCall/ - Robert L. Hodgkinson, Chairman & CEO, is pleased to announce that diamond drilling has commenced on the Company\'s 100% owned Athabasca Basin uranium projects in the Athabasca Basin, Northern Saskatchewan Canada. The Company\'s holdings in the Basin comprise nearly 1,000,000 acres (391,000 hectares) contained within 15 Projects. The Company has a total of 68 claims and 4 permits.
Athabasca Basin Drilling Underway
The Company reports that Hy-Tech Drilling collared the first drill hole on Sunday, April 9, 2006. Hy-Tech is contracted to carry out 5000 metres of drilling to test targets on the Company\'s R-Seven, Meanwell Lake and Sand Hill Lake properties. The targets are defined by Dejour\'s airborne and ground geophysical work carried out in 2005 and 2006. Drill holes will also test anomalous radioactivity and sandstone alteration intersected during drilling by previous operators.
The helicopter supported drilling programme is expected to finish in late May 2006 with results anticipated the following month. Sufficient aviation fuel and diesel has also been brought in and stored on site to carry out additional drilling and ground geophysics during Dejour\'s summer exploration program consisting of:
- Ground geophysics to follow up airborne EM anomalies;
- 3000+ kilometres of airborne EM surveying to test properties not
surveyed in 2005 and to test and extend the anomalies on ground that
Dejour staked in 2005 as a result of the 2005 deep penetrating Megatem
surveys;
- Boulder lithogeochemical surveys to follow up on anomalous results
from the 2005 sampling programme;
- State of the art deep penetrating ground geophysics to test the
prospective but deep Virgin Trend North property; and,
- Additional diamond drilling
J. Allan McNutt, P. Geo., M.A. Sc., is the qualified person for Dejour\'s uranium projects.
Private Placement
The Company has closed the second tranche of its units financing, previously announced on March 31, 2006 raising gross proceeds of CDN $3,155,000. Pursuant to the terms of the Offering, the Company has sold 2,103,333 units @ $1.50 per share. Each unit comprises one common share and one half common share purchase warrant. Each whole warrant is exercisable into one common share at $1.65 per share until December 31, 2007. The Company has the right to trigger early exercise of the warrants should the closing price of the Company shares be equal to or exceed $2.50 for seven consecutive trading days.
Total gross proceeds raised in the first and second tranches totaled $4,175,000. The Closing of private placement is subject to regulatory approval and Exchange acceptance.
Dejour enters the 2nd quarter of 2006 with approximately CDN $23 million in cash to direct to its high impact energy based exploration projects. Of this, the Company has $10 million to be allocated towards Canadian exploration expenditures targeting uranium and oil & gas. The remaining $13 million is earmarked for working capital and strategic acquisition. The Company is free of debt.
Stock Options Granted
The Company announces it wishes to grant, pursuant to its stock option plan and subject to exchange approval, stock options to purchase up to 1,300,000 shares at a price of $2.10 per share to certain directors, officers, project managers and investor relations consultants. These options are subject to certain vesting provisions and four month hold.
About Dejour
Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market\'s decreasing conventional supply and increasing demand for energy. The Company is listed on the TSX Venture Exchange under the symbol (DJE.V). Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations\' periodic filings with Canadian securities regulators. Such information contained herein represents management\'s best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.,
Suite 1100-808 West Hastings Street, Vancouver, BC V6C 2X4
Phone: (604) 638-5050 Facsimile: (604) 638-5051
Email: investor@dejour.com
SOURCE Dejour Enterprises Ltd.
Hier bei Dejour steckt die Zukunft pur drin und was die Grünen Poltiker den deutschen Anlegern für einen Mist über Uran erzählt haben mag ja für das blinde Publikum gut sein. Aber ohne Uranabbau und der daraus resultierenden Energieversorgung gibt es nun mal keine sichere Stromversorgung. Alle außer Deutschland haben das im Grunde genommen kapiert und sich nicht von populistischen Politikern wie Joschka Fischer blenden lassen.
2006-05-11 13:20 ET - News Release
Mr. Robert Hodgkinson reports
DEJOUR ENTERS TWO OF THE LARGEST NATURAL GAS PLAYS DEVELOPING IN NORTH AMERICA
Dejour Enterprises Ltd. has entered a binding letter of intent, subject to regulatory approval, with a private Texas corporation to participate in the drilling of a large accumulation (240,416 acres -- 375 plus sections of land) of mostly 100-per-cent-owned conventional and unconventional oil and gas properties located in the heart of two of the largest natural gas resource plays in North America: the Piceance basin in western Colorado and Uintah basin in eastern Utah.
This is a tremendous opportunity for Dejour, comprising two distinct projects involving roughly 60 prospects. The first is a well-defined stratigraphic resource project, covering over 174,000 acres of leases that include low-geologic-risk natural gas assets in the prolific Piceance and Uintah basins, with deeper Jurassic system potential that is currently the focus of intense development throughout both basins by significant industry players such as EnCana Oil & Gas (USA) Inc., the Williams Cos., Bill Barrett Corp., Laramie Energy Inc. and Teton Energy Corp. The second is a massive deep overthrust project in the northern Piceance and Uintah basin, with high reward potential, discussed below. Pipelines are located throughout the project areas.
As reported in the Oil & Gas Investor, August, 2005, the 6,000-square-mile, basin-centred gas-rich Piceance basin, alone, is estimated to contain over 300 trillion cubic feet of gas in place and reported to currently be the biggest natural gas play in North America. In terms of gas resource potential the Piceance basin may well be the place to drill in the Rockies for the next decade. Operators in the area hope to recover 60 per cent to 80 per cent of that estimated amount mainly from the 2,500- to 3,800-foot-thick gas-bearing sequence in the Williams Fork section of the Mesaverde formation typically occurring at depths ranging from 4,500 to 10,500 feet. There are additional Mesaverde sandstone horizons below the Williams Fork, which also are productive, including the Rollins, Cozzette, Corcoran and Sego sands occurring at average depths ranging from 8,500 to 11,000 feet. What may be most rewarding are the deeper Entrada and Wingate formations, which are thick dune sand traps that are known to contain very large reserves. This deep Jurassic dune sand play is one of the hottest gas plays in these basins.
Interested parties may conduct an Internet search to learn more about the Piceance basin.
As reported in the Oil & Gas Investor, August, 2005, prolific production can exceed five to 15 billion cubic feet gas per well, with ultimate recovery estimated to be 100 plus billion cubic feet of gas per section. The article reports that the Williams Cos., based in Tulsa, Okla., entered the Piceance basin in 2001 and subsequently drilled over 1,000 wells without encountering a dry hole. A representative for Bill Barrett Corp. states that this is a highly repeatable play with long-lived gas wells and low finding and development costs in the range of 75 cents to $1 per thousand cubic feet. The risk to discover gas is low, with a higher level of risk in the completion program chosen for a given project. The company believes that the level of experience of the operator and its consultants will mitigate many of the risks associated with drilling on its lands.
EnCana reports that it holds about one million net acres in the Piceance with an estimated gas resource in place amounting to 90 trillion cubic feet. EnCana has drilled about 2,500 wells and established proved reserves amounting to 1.6 trillion cubic feet equivalent. In 2001, the Williams Cos. purchased Barrett Resources with booked reserves, which subsequently have increased to more than 1.8 trillion cubic feet from several hundred Piceance wells. That company has more than 250 miles of gas gathering lines and four gas processing plants.
Depending on well depths and drilling and new completion techniques, including potential horizontal drilling, the cost to drill, complete and tie in wells in these basins range from $1.3-million to $2.0-million or more. Operators use modern artificial fracturing technology to develop the tight, discontinuous sands on 10-acre well spacing units. Multiple bottom-hole locations are generally directionally drilled from a single surface location pad site. In the case of EnCana in its North Parachute project, it has drilled 12 to 16 Piceance wells from just one pad. Depending upon specific locations for well sites, environmental assessments will be required, which could add to the time before drilling permits are obtained.
The Overthrust project is a deep-seated prospect with potential in the Weber, Mancos B and Dakota/Morrison formations. The Weber formation is geologically postulated to contain as much as three billion barrels of oil and is analogous to the Rangeley field located directly to the south, having produced over one billion barrels to date.
The private company, Retamco Operating Inc., has been actively exploring for over 10 years in these basins and will be the operator. The 375 plus sections of land represent 100 per cent of Retamco\'s holdings in these basins and from the outset, it was Dejour\'s objective to achieve an interest in Retamco\'s full acreage position. Retamco is wholly owned by Stephen M. Gose Jr. of San Antonio, Tex. Mr. Gose, a geologist by training, has nearly 50 years of oil and gas exploration and development experience and is the chairman of the Exploration Company, a public company whose shares are traded on the Nasdaq Stock Market. Retamco will become Dejour\'s largest shareholder, holding 5.5 million shares, representing approximately 10 per cent of the company\'s issued and outstanding shares, at closing.
Dejour will acquire a minimum 25-per-cent net working interest in roughly 174,000 gross/net acres of resource projects and a minimum 12.5-per-cent net working interest in roughly 66,300 gross/net acres of the Overthrust project. Except for one section of land, all the leasehold acreage will have an 80-per-cent minimum net revenue interest.
Dejour will pay an unpromoted share of all exploration expenses, including seismic, drilling, completion or abandonment, and equipping for a minimum 25-per-cent working interest in the entirety of the resource projects, and similar unpromoted costs for a minimum 12.5-per-cent working interest in the Overthrust project. The upfront land cost to Dejour is $20,726,700 (U.S.), payable $5.0-million (U.S.) cash on closing, a $5.0-million (U.S.) note maturing Dec. 31, 2006, with the remainder settled by the issuance of 5.5 million Dejour common shares at a market value of $2.17 per share. The company is adequately financed to fulfill its payment obligations pursuant to the agreement with Retamco
Drilling activities will commence shortly and the operator intends to contract rigs to allow an aggressive multiwell program to get under way.
We seek Safe Harbor.
MESSAGE FROM THE CHAIRMAN
Q2-2006
Energy prices -significantly uranium and oil- continue to trend to new super cycle highs. Uranium spots prices are flirting with $42/lb, and spot oil prices are north of $70/ bbl. While natural gas prices have retreated sharply to a more consistent BTU equivalent of oil, reflecting the shoulder season following an unseasonably warm North American winter, the energy crunch is showing no signs of abating.
The Dejour uranium team has very successfully high graded its drilling opportunities on the majority of the Company's almost 1,000,000 acres of Athabasca Basin, Saskatchewan uranium leases. Drilling (5000 m) of its first targets commenced in early April and will continue until late May. While results from the initial holes at the Company's R-7, Meanwell and Sandhill prospects will be forthcoming until early July, Dejour is well into implementing the final plans for its summer program that will expand significantly the scope of this exploration program.
2006 will be the busiest exploration year for uranium in the Athabasca Basin in well over 20 years. We are convinced that programs, such as Dejour's, will yield world class discoveries of high grade, high tonnage uranium reserves that will spark even greater global focus on this first class mineral production camp.
On the conventional energy front, Dejour has recently opened an office in Calgary and has implemented a joint venture focused on generating rewarding oil/gas exploration opportunities in Western Canada. Additionally the Company's focus on high impact US exploration plays continues.
Finally, during Q1 2006, the Company raised an additional $13 million in several brokered, non-brokered private placements and share purchase warrant exercise. At time of writing the Company is well capitalized with over $23mm in cash having issued and outstanding capital of 49mm shares. Of that $10mm is earmarked for Canadian uranium and oil/gas exploration, the balance is reserved for strategic deals/acquisition and augmentation of working capital.
Dejour's progress is continually updated on this website- www.dejour.com . We encourage you to visit it often. 2006 will be an exciting year in the development of your Company.
Robert L. Hodgkinson,
Chairman and CEO
DEJOUR ENTERPRISES LTD (CDNX) |
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und wer die schwach ausgebildete W Formation nicht gesehen haben will der hat den günstigen Einstieg halt verpaßt! Dejour bleibt auch weiterhin eine sehr gute Empfehlung!
Thursday October 26, 5:04 pm ET
SASKATOON and VANCOUVER, Oct. 26 /CNW/ - Titan Uranium Incorporated. (Titan) (TSX-V: TUE - News, TUE.WT - News) and Dejour Enterprises Ltd. (Dejour) (TSX-V: DJE - News, DJE.WT - News) are extremely pleased to announce that they have entered into a binding agreement whereby Titan will acquire the entirety of Dejour's 100% interest in all the uranium assets owned by Dejour, consisting of 68 claims and 4 permits totalling 966,969 acres located in the Athabasca Basin, Saskatchewan, Canada, and all related exploration data, in return for 37% of Titan and other valuable consideration.
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The proposed asset combination of Dejour's and Titan's uranium exploration properties represents a synergistic and mutually beneficial transaction for both companies. Dejour's uranium assets, made up of seven principal prospects and other strategic properties, enhanced by more than $8 million of new exploration data, are principally in the south and west regions of the Athabasca Basin. (See projects transaction summary below.) Unifying these projects under one corporate umbrella with Titan's largely adjoining property assets results in Titan becoming one of the largest uranium explorers in the basin, with a strikingly dominant land position. This area is considered by many in the industry to be the prime region for the next discovery in this rich uranium-producing basin, widely regarded as the world's No.1 uranium address.
On completion of the acquisition, Titan will emerge as a well-capitalized Saskatchewan-based uranium explorer with a very dominant property portfolio in the southwest portion of the Athabasca Basin, while simultaneously making Dejour the largest Titan shareholder, holding 17.5-million shares and three million warrants representing over 37% of Titan's approximately 47 million shares outstanding. (see Terms of Acquisition section below).
The combined Titan holdings will come to approximately 1.44-million acres of prime properties including all five major conductive areas in the under-explored south-west region of the Athabasca Basin. Titan will have in excess of C$10 million in cash on hand for exploration programs, and will bring one of the most comprehensive and experienced exploration teams to focus on the Company's broadened exploration programs. Dejour will contribute key members of its technical uranium exploration team to Titan's technical management group, and will hold two seats on Titan's Board of Directors.
For Dejour, the transaction represents an astute leveraging of its uranium assets for the benefit of Dejour shareholders while also allowing the Company to sharply focus on maximizing the highly significant values of its core oil and gas land holdings and exploration projects in major areas such as the Piceance/Uinta Basin in Colorado and Utah. On completion of the transaction with Titan, Dejour will hold over $55-million in cash and exchange-listed assets, and plans to commence vigorous oil and gas exploration programs at multiple major projects in the U.S. and Canada.
In addition to becoming a major shareholder in Titan, Dejour will be the beneficiary of a 1% NSR and a retained 10% working interest in each property it is contributing to Titan to the point of a completed bankable feasibility study. Dejour anticipates that Titan's enhanced property positions and excellent combined exploration group can considerably magnify the values of its shareholdings in Titan while also allowing Dejour to expand aggressively in the oil and gas sector.
Phil Olson, Titan's President and CEO, said, "This acquisition solidifies Titan's position as a dominant explorer in the southwest region of the Athabasca Basin in addition to its prospective land positions in the analogous Thelon Basin. It brings together two highly experienced and respected exploration teams focused on a large, well-positioned group of properties. Market fundamentals suggest we are in the early stages of what will become a prolonged bullish uranium exploration cycle. Titan intends to emerge as a sector consolidator amongst the junior explorers in the Athabasca Basin. Titan's experienced management, technical depth and a superior property portfolio are pre-requisites of this strategy."
Robert L.Hodgkinson, Dejour's Chairman and CEO, said, "This transaction is a win-win deal for all Titan and Dejour shareholders. For Titan, this acquisition augments an already highly skilled technical and finance team with a coveted land position, enhanced by over $12,000,000 in new exploration data, dedicated to uranium discovery. For Dejour, this transaction adds clarity to its energy asset accumulation strategy and shareholder value. While remaining a major investor in important uranium assets poised for discovery in both the Athabasaca and Thelon basins, Dejour can now focus over $55-million in cash and exchange-listed assets to maximizing the true value of core oil and gas landholdings such as those in the Piceance/Uinta Basin."
The strategic nature of the acquisition will result in Titan owning many contiguous land packages. Titan's Castle South Extension/King properties and Dejour's Maybelle River/Gartner Lakes project effectively cover the south-western corner of the Athabasca Basin in Saskatchewan. Other nearby contiguous and complimentary properties includes Titan's Bishop and Dejour's R-Seven and Meanwell Lake properties.
Titan's Rook II and Knight properties constitute the southern and northern extensions, respectively, of Dejour's Sandhill Lake-Virgin River properties, a new prospective trend recognized in the central portion of the Athabasca Basin.
Dejour's Fleming Lake, Sheila, Bozo, Umpherville and Thorburn, Hoppy North and South properties will give Titan a presence in the eastern margin of the Athabasca. Titan's seven properties in Nunavut offer blue sky potential in the Thelon Basin, an under-explored analogue of the Athabasca.
Terms of the Acquisition
Under the terms of a binding letter of intent, Dejour and Titan have agreed, subject to due diligence, that Titan will acquire a 100% interest in Dejour's claims. Consideration payable to acquire the claims follows:
1. Titan to pay Dejour 17,500,000 fully paid and assessable common
shares in the capital of Titan;
2. Titan to pay Dejour 3,000,000 transferable common share purchase
warrants, entitling the holder to acquire up to 3,000,000 common
shares in the capital of the Company at an exercise price of
C$2.00 per common share for a period of 24 months, subject to a
forced exercise provision whereby Titan can call the automatic
exercise of the warrants should Titan's common shares trade on the
Exchange at a price of $4.00 or more for 20 consecutive trading
days;
3. Dejour to retain a 1% Net Smelter Return on all contributed
properties;
4. Dejour to retain a 10% working interest in each Claim, carried by
Titan to completed bankable feasibility study after which Dejour
may elect to participate as to its 10% interest or convert to an
additional 1% Net Smelter Return;
5. Titan to provide Dejour with a first right of refusal on all
future financing, as long as Dejour's ownership in the stock of
Titan is greater than 10% of the outstanding shares;
6. Dejour to provide two full-time and one part-time geologists on
terms to be agreed; and
7. Titan to appoint two Dejour representatives to the Titan board of
directors.
The acquisition is conditional upon the completion of additional due diligence and the receipt of both shareholder and regulatory approval to be acquired on or before the end of January 2007.
The Projects
The Claims are constituted into seven projects and numerous other smaller strategic land holdings which are located as follows: http://www.dejour.com/dejour_titan.php
Details of Dejour's projects are as follows:
Fleming Project
---------------
Fleming consists of 10 claims (34,325 hectares / 84,819 acres). Historical exploration traced graphitic conductive zones to the southern part of the present property. Prospecting discovered a pitchblende veinlet in a diabase dyke (grab sample result of 3.2 % U3O8). In 2005, the property was surveyed using the state of the art MEGATEM II airborne electromagnetic system. This survey confirmed the earlier known conductor and also discovered several previously unknown conductors believed to be caused by basement graphitic horizons. Four claims were staked (6,971 hectares / 17,226 acres) to cover the off property conductors.
Sand Hill Lake Project
----------------------
Sand Hill Lake consists of 18 claims (74,312 hectares / 183,628 acres) and follows the southern margin of the Athabasca basin for more than 25 kilometres. Historic work identified graphite in basement rocks and a series of northeast-trending faults, the Dufferin Lake structural zone. This hosts the significant uranium mineralization at Cameco's Centennial Zone on the adjoining property, where drilling intersected up to 5.83% U3O8 over 6.4 metres. The property was flown with GEOTEM 1000 and MEGATEM II, and the surveys confirmed the conductors identified by earlier exploration, traced these conductors north under deeper cover and identified several new conductors. A total of 12 claims were staked to cover the off property conductors (42,070 hectares / 111,370 acres). Drilling in 2006 intersected interesting structure and alteration in the sandstone and basement, with highly elevated values of U (to 4.63ppm) and Boron in the sandstone and basement (to 47.6ppm U, 1056ppm B) i.e. 10x background which is comparable to values in the vicinity of uranium mineralization.
Meanwell Lake Project
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Meanwell Lake consists of 3 claims (14,989 hectares / 37,038 acres). Several basement conductive zones trend north-easterly across the property. Drilling in 2006 tested two conductors and one hole intersected anomalous U at the unconformity (4.8ppm or 10x background). Two follow up holes intersected similar values.
R-Seven Project
---------------
R-Seven consists of 12 claims (54,531 hectares / 134,749 acres). This large property extends from the edge of the sandstone north for more than 33 kilometres. Previous exploration, conducted until the late 1990s, identified numerous graphitic electromagnetic conductive zones in the sub-sandstone basement rocks. However, only seventeen holes were drilled on the property during that period, mostly shallow holes near the edge of the sandstone. One of the holes encountered significantly anomalous radioactivity as well as clay mineral alteration that frequently haloes uranium deposits. This property was flown with MEGATEM II system and confirmed the known conductors, traced these conductors to the north under deeper cover and also identified previously unknown conductors. One claim was staked to cover an off property conductor. Nine holes were drilled in 2006 to test conductive targets; several holes intersected sections of structurally disrupted and altered sandstone with elevated uranium and lead levels (to 3.68ppm U and 66ppm lead, i.e. 10x background). The results confirm the prospectivity of the project.
Virgin Trend Project
--------------------
Virgin Trend consists of 4 permits and 5 claims (164,207 hectares / 405,763 acres). This extensive property covers the trace of the Virgin River Shear Zone/Dufferin Fault/Black Lake Fault, a regional fault system with repeated movement during the period of Athabasca sandstone deposition and uranium mineralization. Most of the property, except the southern off sandstone permit (31,594 hectares / 78,070 acres), has at least 800m of sandstone covering the metasediments known to be favourable for uranium mineralization. On the adjoining Cameco Virgin River property drilling on the Centennial Zone has intersected up to 5.83% U3O8 over 6.4m. Prior exploration on the Dejour property has been minimal but of note is a large boron and clay anomaly at the south end of the permits. Boron is a significant indicator element often associated with uranium mineralization. Sampling carried out by Dejour in the summer of 2005 confirmed that the boron and clay alteration extends onto Dejour's property for 20 kilometres.
Maybelle River Project
----------------------
Maybelle River consists of 3 claims (16,473 hectares / 40,706 acres) covering a poorly explored part of the Athabasca basin immediately east of the Alberta border. Government magnetic data shows the northern part of the property to be underlain by low magnetic rocks, probably metasediments which may be graphitic. Previous exploration has been hampered by the cover of Paleozoic and Cretaceous sediments. As a first step in assessing this property an airborne electromagnetic survey was flown in 2005 using Fugro's state of the art deep penetrating MEGATEM II system. This survey was successful in detecting several conductive zones.
Gartner Lake Project
--------------------
Gartner Lake consists of 5 claims (24,157 hectares / 59,693 acres) covering a poorly explored part of the Athabasca basin where Cretaceous sediments cover the Athabasca sandstone which overlies basement metasediments favourable for uranium mineralization. Prior exploration around the property detected electromagnetic conductors which appear to trend on to Dejour's ground but were obscured by Cretaceous cover. As a first step in exploring the ground an airborne electromagnetic survey was flown to using Fugro's MEGATEM II system. Several basement conductor zones were identified.
Quantec Geoscience Ltd. and Empulse Geophysics Ltd. have recently completed deep penetrating ground audio magneto telluric (AMT) surveys on the Virgin River North and Sand Hill Lake projects. Additionally, Geotech has just completed 3800km of VTEM electromagnetic surveys. Preliminary results and interpretations from the surveys should be available by mid-November.
In connection with the planned work on the newly combined assets, Titan anticipates completing one or more financings over the next 6 to 12 months.
J. Allan McNutt, P. Geo., M.A.Sc., is Dejour's Qualified Person (as defined by National Instrument 43-101) for Dejour's uranium projects and is responsible for the technical information contained in this release.
ON BEHALF OF TITAN URANIUM INC.
"Philip E. Olson", President and Chief Executive Officer
ON BEHALF OF DEJOUR ENTERPRISES LTD.
"Robert L. Hodgkinson", Chairman and Chief Executive Officer
Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Titan and Dejour's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Neither Titan nor Dejour assume the obligation to update any forward-looking statement.
For further information
TITAN URANIUM INC. Arni Johannson, Second Floor, 157 Chadwick Court, North Vancouver, British Columbia, Canada, V7M 3K2, Telephone: (604) 988-4824, Facsimile: (604) 988-5327, www.titanuranium.com
DEJOUR ENTRPRISES LTD., Robert L. Hodgkinson, Chairman and CEO, Suite 1100-808 West Hastings Street, Vancouver, British Columbia, Canada, V6C 2X4, Telephone: (604) 638-5050, Facsimile: (604) 638-5051, Email: investor@dejour.com, www.dejour.com
RESS RELEASE
DEJOUR ENTERPRISES LTD.: TSX-V: “DJE”
FOR IMMEDIATE RELEASE: November 1, 2006
Dejour Enters Noel Gas Project in Northern British Columbia
Mr. Robert L. Hodgkinson, Chairman and CEO of Dejour Enterprises Ltd. announces that the Dejour Energy (Alberta) Ltd. (DEAL) joint venture has purchased a 15% working interest in a high potential Noel area natural gas project in British Columbia, Canada. DEAL is a joint venture, executed in March 2006, with Charles W.E. Dove, a Dejour advisory board member since November 2004 and previously a principal of Calgary based Dove & Kay Exploration Ltd. The Joint Venture is owned 90% by Dejour and 10% by Mr. Dove.
This natural gas exploration project is the first of several technically and economically attractive opportunities expected to accrue to Dejour during this current natural gas cycle. These projects are financially designed to utilize
excess Canadian flow through dollars to achieve net cash payback within 18 months of production commencement at current gas prices, providing early stage cash flows to supplement the Company’s capital expenditures on its core exploration ventures, including the 275,000 acre natural gas resource and oil exploration project in the Piceance/ Uinta Basins of Colorado and Utah. Dejour will drill a 3700 meter, 3-D seismic based Doig gas test well, earning 9.375% interest in 2220 acres (899 hectares) in the Noel production area, prospective for the recovery of at least 50 BCF of dry gas. At the Company’s option, it may exercise its right to drill additional wells, each earning an additional 2220 acres. This project covers a total land block of approximately 10,725 acres (4344 hectares). The Doig formation is a prolific producer in this well
defined natural gas region. This vertical test is also prospective for production in the Cadotte, Fahler and Cadomin zones, all well known productive horizons in the Noel area. Critical analysis of the 3-D seismic and geology by DEAL’s Calgary based technical team, headed by geophysicist Charles Dove, indicates the presence of highly porous
Doig sand with geological closure of 3400 acres (1377 hectares). Successful completion of this test will lead to the drilling of 3 to 4 additional wells to the Doig formation. An Initial production rate/well in the 5-8 mmcf/d range is typical of this formation in the Noel area. Dejour estimates its portion of the D&A cost of this test well is Cdn $ 700,000. Drilling operations should commence prior to November 30, 2006, with drilling time estimated at 45 days. Greater development may ensue on these lands should results of the first two wells enhance the interpreted size of the Doig feature or show the presence of economic reserves in any of the uphole horizons mentioned.
Charles W.E. Dove, B. Sc., P.Geoph. is the ‘qualified person’ for this project.
About Dejour Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market’s decreasing conventional supply and increasing demand for energy. The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF), and
Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Corporations’ periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The
corporation does not assume the obligation to update any forward-looking statement.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100-808 West Hastings Street, Vancouver, BC V6C 2X4
Phone: 604.638.5050 Facsimile: 604.638.5051 Email: investor@dejour.com