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theres a reason
yeah i said that 5 years ago
imagine an entry level of 1.5US dollars
FOR IMMEDIATE RELEASE
Dejour Improves Operational Efficiencies at Peace River Arch
Woodrush Drilling Program Developed
Vancouver, Canada. August 6, 2009
Dejour Enterprises Ltd. (NYSE AMEX: DEJ/ TSX: DEJ) Dejour reports an operations update for Dejour Alberta (DEAL), a wholly owned subsidiary of the Company.
At the Woodrush project, located in the Peace River Arch British Columbia, the Company’s engineering team has designed and implemented several efficiency measures to its C$6.5M operating facility to enhance production operations. These efficiency measures will save approximately C$600,000 annually on a go forward basis at current production rates and set up the facility for greater savings as its production profile grows. In addition, DEAL G&A expenses have been reduced by a further C$600,000 annually.
Moving forward, Dejour has developed its 2009/10 winter drilling program that includes plans for 2-3 additional oil wells at Woodrush, which currently produces 550 gross BOE per day. All operations through production are expected to be concluded prior to break-up.
To assist the Denver based engineering team in executing the Woodrush development plan, Steve Crane, has been appointed to assume the role of acting COO for DEAL replacing Charles Dove who is returning to his independent consulting practice. Mr. Crane is a 30-year industry veteran with extensive technical, managerial and executive experience both upstream and downstream technology, business development and asset management at ARCO, Royal Dutch Shell, Muse Stancil and Pioneer Natural Resources. As founder and President of SURE Northern (Canada), a Royal Dutch Shell subsidiary, he established the super-giant Grosmont resource base in Alberta during 2005-2008 as a viable energy source. Mr. Crane has been awarded eight patents for his innovations in unconventional oil and upstream oil and gas, contributed various professional papers and is a co-author of the book, "Fractals in Petroleum Geology and Earth Processes". He received a B.Sc. in Petroleum Engineering and an M.B.A.
Hal Blacker, Dejour President & COO states, "Steve has been instrumental in restructuring our Alberta operations and improving our bottom line. We are very fortunate that he has agreed to take the operations lead for DEAL as we approach the winter drilling season."
About Dejour Enterprises Ltd.
Dejour Enterprises is a high growth oil and natural gas company, with an enviable portfolio of land assets in key regions of Colorado, Utah, British Columbia and Alberta. Since inception, Dejour’s veteran management team has consistently been among early identifiers of premium energy assets, timing investments and transactions to realize their value to the best advantage of our shareholders. Against a context of increasing concern about domestic energy production, as technology continues to make previously inaccessible resources available, and as natural gas proves to be an important stepping stone on the way to a greener energy future, Dejour is ideally positioned for significant value growth. Learn more at Dejour.com.
Dejour. Energy. Independence.
Dejour, headquartered in Vancouver, British Columbia, maintains operations offices in Denver, Colorado and Calgary, Alberta. The company is publicly traded on the New York Stock Exchange AMEX (NYSE AMEX: DEJ) and Toronto Stock Exchange (TSX: DEJ).
Robert L. Hodgkinson, CHM & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100-808 West Hastings Street,
Vancouver, BC Canada V6C 2X4
Phone: 604.638.5050 Facsimile: 604.638.5051
Email: investor@dejour.com
Statements Regarding Forward-Looking Information: This news release contains statements about oil and gas production and operating activities that may constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by Dejour and described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect Dejour’s operations or financial results, are included in Dejour’s reports on file with Canadian and United States securities regulatory authorities. We assume no obligation to update forward-looking statements should circumstances or management's estimates or opinions change unless otherwise required under securities law.
The TSX does not accept responsibility for the
for the most part over the past 3 years it follows the dow. later, thomas
31 cents, never thought i would see this, but then again as long as i have been watching the markets (20yrs), i've never seen this kind of a dramatic change in them either. who knows what will happen, averaging down is a thought of the twilight zone. just have to buy when you feel comfortable, and buy as much as you can afford, because if the market ever rebounds it will be enormous gains. thomas
tough times guys, really tough times- batten down the hatches, and protect what you have, nomatter how good you think you've got it.
sumisu, thanks for the encouragement. been on vacation. read something the other day, how commodities and oil is being driven down, to make the dollar look strong- but in the end, oil, natural gas, and commodities will come out ahead. it makes sense, but who knows in this crazy world. thomas
sumisu, i bought cef at 13, thinking it was a good level to buy at. never imagined it would be at 9. anyway, never thought i would spark so many conversations about the precious metals market.
never seen it below a dollar, everything is taking a beating.
that's funny jagman- the only thing that's not funny, is that i agree, and that's sad. i see you have that kash is king, i'm hoping that silver and gold are king instead, because that's where i'm having to put a portion of my money, even though they are taking a beating as well right now. later, thomas
yeah, i was going to say that khandaker has done their reports in the past, and have always valued them at levels that we never reach. however, those figures could be viable, but probably won't happen in this market. look at all the undervalued big boys out there right now selling for cheap. some really good fundamental co.s at fire sale prices, because people are scared. this is easily a 2-2.5 stock, but the trickle down effect is hitting everyone. have'nt heard from aero lately, he's probably moved on. he was tired of waiting on dejour. later, thomas
i want to be positive here, but i've had dejour for 3 years now and have heard the same rendition of what they have, what they are potential of, and that is a lot, what the winter brings, with natural gas, and what different land acquisitions and oil they are producing. but let's face it, until they produce something significant or they are bought out, by one of the big boys, we are a $2 stock. let's hope for the best, and be confident in these uncertain times that dejour is an investment we can count on. good trading, thomas
yeah sumisu, all commodities are down, i have a decent amount of silver, actual silver, around 17 an ounce, now it's in the 14 range. crazy stuff, but as long as you can survive, be prudent of your surroundings, and be diverse- not only in the markets, but physical holdings, you'll be alright. good luck buddy and good to hear from you. thomas
i'm trying timhyma, i'm trying. dejour has been one of my staples over the last 3 years, but this downward turn just does not make sense, especially when i know what they have. later, thomas
never imagined it would be back around a dollar. i thought i had done my homework on this one. someone provide some encouragement, please.
400k traded today, getting some interest aroused.
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Tuesday April 22, 2008
Lynas Corp to set up RM1b plant in Pahang
By ROSLINA MOHAMAD
KUANTAN: Australian mineral exploration and chemical processing company Lynas Corp Ltd plans to invest RM1bil to build a facility to process lathanides in Pahang.
Some 101.25ha has been earmarked in Gebeng industrial area here with operations expected to commence by September next year.
According to a statement by the Mentri Besar’s office here, lathanides are chemical products from “rare earths”. The term rare earths arises from the uncommon oxide-type minerals from which they were isolated.
Lathanides are used as catalyst to manufacture energy-saving light bulbs and dry cells.
“Efforts are now being taken to ensure that the project proceeds according to schedule,” the statement said, adding that the operational cost was estimated at about RM2bil.
It also said raw materials would be transported from an open mine owned by Lynas at Mt Weld in New South Wales and processed as lathanides in the Gebeng facility.
The statement said the state and country could earn up to RM4.7bil from the investment in the first 15 years of operation.
It added that Lynas' top management officials briefed Mentri Besar Datuk Seri Adnan Yaakob on the project during a courtesy call on April 3.
According to Lynas' website, its activities are focused primarily on the exploration and development of rare earth deposits and exploration for other mineral resources as well.
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http://dejour.com/news/article_2008_3_31_1.html. this is all it would let me post. it's on their website. take it easy, thomas
alright, just because we have this much doesn't mean it is all usuable. they will have to refine it for a finished product, and from what i can tell that's impossible to figure out. so, in essence, we do have that much, and its obvious, that it is a lot, or else they would not be here. not only that, it's the world's richest ore pile. we could email the company, or dig further into their website, to figure out, % wise, how much is actually marketable. one thing is certain, they are in a nice position. we know the product is there, at least, so that's one hump, and the other hump is mining it, which of course will take from the bottom line. sit back, wait, and enjoy the ride, hopefully. thomas
aero,
haven't heard from you in nearly 2 weeks. what's your take? we need a realist here, no matter how pessimistic it may seem. i lobby with an individual like you, and he keeps everything in perspective, and i respect him dearly. he keeps the team in check and that's what you do here. later, thomas
continued...
now a metric ton is 2,205 lbs. so we have an est. 37 million tonnes, whether metric or not, we do not know. so let's just say metric for sake of formula. so 1000 kg = a metric tonne. well we have 37 million tonnes of this crap x 1000= 3.7e=10 or 370b kg. of course, this is spread out over 30 yr period. am i doing this backwards or is this as good as it looks? not sure. thomas
well they say they are capable of supplying 20% of global mkt for 30 years, and an estimated 37.7 million tonnes of it according to a compliant study, which i actually found on the i-box. however that translates into kg, not sure. i know metric tonnes is 1000 kg. just can't find a calc. right now
the only stock i have that did not drop at least 3% today, maybe a decent sign. thomas
will look into it, mord. extremelly busy right now, so bear with me. thanks, thomas
industry news on exxon at dejours website, posted 3/5/08, check it out. thomas
Home | Disclaimer
What Are Rare Earths? About Lynas Investor Relations Media Centre Contact
rare earths.
What do they do?
Enhancing Environmental Protection
Enabling Digital Technology
Improving Energy Efficiency
Where do they come from?
What are they?
What are their prices?
What are their prices?
The first point to note about Rare Earths prices is that there is significant variance in the relative market value for selected Rare Earths oxides. Secondly, the price of Rare Earths depends on the purity level, which is largely set by the specifications for each application.
The table below shows the average annual price for a 'standard' 99% purity of individual elements and for the generic composite of Rare Earths equivalent to the Rare Earths distribution at Mt Weld. Prices are quoted in US$/kg on an FOB China basis. Note that higher purity oxides and other value added properties will attract higher prices than those shown.
Rare Earth Oxide Mt Weld Distribution 2005 2006 Q1 2007 Q2 2007 Q3 2007
Q4 2007
3/3/08
Lanthanum Oxide 25.50% 1.58 2.14 2.31 2.82 4.09 4.43 6.20
Cerium Oxide 46.74% 1.41 1.64 1.92 2.62 3.79 3.71 4.00
Neodymium Oxide 18.50% 7.26 15.81 24.18 31.14 35.35 29.80 32.50
Praseodymium Oxide 5.32% 7.26 14.89 22.60 30.33 34.63 28.13 30.00
Samarium Oxide 2.27% 2.57 2.44 2.40 3.15 4.40 4.40 4.75
Dysprosium Oxide 0.124% 2.57 72.60 85.50 88.3 90.8 91.3 110
Europium Oxide 0.443% 278 244 255 310.8 370.4 354.2 450
Terbium Oxide 0.068% 309 472 571 575.4 604.6 609.2 710
Av. Mt Weld Composition 4.44 6.64 8.93 11.39 13.61 12.21 13.93
Note: Mt Weld distribution totals 98.9%, the balance is made up of Gadolinium, Holmium, Erbium and Yttrium oxides. Regular pricing information is not available for these metals.
The quarterly average price for the Mt Weld composition of Rare Earths has increased 76% from US$5.07/kg for the period ending Q1 2006 to US$8.93/kg for the period ending Q1 2007.
there you go, mord. later, thomas
--------------------------------------------------------------------------------
Quarterly Report
Lynas Quarterly Report for the period ending 31 December 2007 was released to the ASX on Wednesday 30 January 2008.
RareEarths Market Report
BCC Research reports that the value of Mt Weld Rare Earths is expected to increase by 40-80% by 2008
Broker Reports
Patersons Securities Limited latest Broker Report Looming Rare Earth supply deficit (28 November 2007)
--------------------------------------------------------------------------------
Lynas Corporation Ltd © 2006 | Level 7, 56 Pitt Street, Sydney, NSW 2000 | Phone +61 2 8259 7100 | Fax +61 2 8259 7199 | ACN 009 066 648
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alright, it's just before midnight, here on the east coast, in the states, and i emailed the sales department asking them, what the current value of their RE value was in US dollars at mt. weld. we'll see how well they respond to investors. thomas
yeah, aussiestockforums isn't bad, just sporadic posts. it almost seems that nobody know any real technical value of this stock. we probably should ask the company, mord. if i get a chance, i'll email them late tonight, in fact, i will. thomas
yeah, you're right hopefully i'll have a chance to get back in before the next run. i wished i knew what kind of potential long range they had. thomas
yes, read both of them, both are real good news and results. any profits they make will be tax deductable for the next 12 years, they have 300 million in contracts with more to come, and their financial statements will soon be operating in the black. it kind of makes me ill, because i've had this stock for 18 months and decided it was time to get out last week. got in at .48 and out at 1.15, so not bad, but still it makes me wonder sometimes what kind of luck i have. later, thomas
yahoo and google finance post interim financials on 2/20, but could not find any details. don't know if the spike is because of the malaysian project or the financial report is strong. good to see a board here finally. thanks mord.
dejour issues stock options, and octagon capital bullish on natural gas and their latest news posted on website yesterday. later, thomas
latest industry news on dejours website, posted today. can't copy and paste. on the work computer, which will not allow me to open pdf files. maybe someone can post it here. thanks, thomas
could'nt find any new newsletters or articles, just their feb. corporate presentation on their website.
chisum, that's the name of the game, in and out, as long as you don't get caught with your pants down, whether it's headed up or down. for me, i'm just laying low, trimming the fat, and hunkering down. times can't always be good, so you just have to make an individual decision on managing your own funds, and not rely on anything, except common sense, and making sure you keep that roof over your head. see you later, thomas
latest industry news posted on dejour's website, dated jan. 2, reguarding natural gas unnaturally cheap. thomas
io io, thanks, but i think i've found the cure after roughly 300 hours of research- a cure for me anyhow. i'll keep it short, since i could not privately reply. thomas
check out the latest industry news on dejour's website. you'll enjoy it. could not post it. but it is worth the reading. posted on their site 12-17-07. merry Christmas. thomas
i apologize, i tried to post a graph of estimated times exploration companies takes to prosper, and woke up to see this. don't know what happened. should have previewed it. it was late.