Mudd Options

[sludgehound]

DEJ gets short extension
Close 0.20
No trades but the ask is flashing .2114 then .2358
Sometimes these have a little pop run but generally such a short term extension raises doubts. Takes R/S to get to $1 in short time unless they buy with both hands. OS 167M and two small R/S.

16:30 ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--

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, reported today the NYSE MKT (“the Exchange”), in a letter dated June 18, 2014, confirmed the Company has resolved the continued listing deficiencies with respect to Sections 1003(a)(ii) and (iii) of the NYSE MKT Company Guide (“the Company Guide”) regarding minimum stockholders’ equity.

The Exchange also confirmed that the Company has made a reasonable demonstration of its ability to regain compliance with Section 1003(a) (IV) of the Company Guide which addresses a listing Company’s ability to continue operations and/or meet its obligations as they occur. The Exchange has granted the Company until July 15, 2014 to submit an updated “Plan of Compliance” addressing Section 1003(a)(iv). The Company’s original “Plan of Compliance” was submitted on December 23, 2013 and accepted by the Exchange on January 27, 2014. In that letter, the Exchange granted the Company an extension to regain compliance with Section 1003(a)(iv) until April 4, 2014 and, by letter dated April 17, 2014, an additional extension was granted to June 6, 2014. Failure to make progress consistent with the “Plan of Compliance” or to regain compliance with the continued listing standards by the end of the applicable extension periods could result in the Company’s shares being delisted from the Exchange.

The Company is diligent in its effort to ensure compliance with Exchange requirements within the period granted. Approval has been given to continue its listing pursuant to the extension to allow the Company to conclude these efforts, subject to periodic review by the Exchange.

About Dejour Energy Inc.
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (56,500 net acres) and Peace River Arch regions (17,000 net acres). Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE MKT:DEJ) and Toronto Stock Exchange (DEJ.TO).