MATRIX Penny Stocks

[rru2s]

Dejour Energy executes Joint Venture to kickstart Kokopelli.

HUGE news because this is a turnaround story and the JV retires debt, gives them cash for operations, funds $20MM drilling using a joint venture which avoids dilution, uses a partner with cash to get things done fast and create producing wells this year while natural gas prices are high, solves the SEC problem with concerns over financial viability going forward, reduces G&A and Overhead in Colorado because the JV partner is running the drilling operation, and They did not sell the farm and got good terms for 25% working interest in Kokopelli and meanwhile retain ownership of 2 other significant Colorado properties with great potential including Roan Creek and Niobrara, plus their Canadian property now has 99% ownership. Price will now rise to reflect full potential.