SOUTHPEN,
I had a contact with Craig in some emails in the last time. There he mentioned the 2 Millions cash on hand and that the CEO will be careful regarding the balance sheet and cash. Craig constantly repeated the positive developments and that the company needs time to develop the projects. I told him that there is lots of concern in the boards like Yahoo and here in IHUB regarding the G&A and continous dillution of shares. He said that investors may contact him in order to resolve the issues instread spreading bashing comments. I am sure he is reading in the boards.
What i like is the following in the last PR's for Kokopelli and Woodrush. It seems they seriously want to move forward the projects being careful with the cash burn rate. Next revenues should be invested for future expansions IMO. Furthermore it looks like the company is interested to care for 'shareholder value'. Mr. Hodgkinson is part of that with 8 Million shares.
Woodrush PR
"A successful production expansion at Woodrush would provide an increase in the long-term revenue stream to Dejour and allow us to seamlessly develop our northern B.C. assets. We believe that there are multiple hydrocarbon pools on and adjacent to our leaseholds that can potentially be integrated to build a much larger production profile. We are positioning the Company to evaluate these opportunities in the near-term. With improved project economics and a de-risked engineering profile, we anticipate that the Woodrush Project can become more than just an important revenue driver in 2015 by forming a larger Ft. St. John production unit where Dejour can better leverage the significant infrastructure and pipeline capacity currently in place," states Robert Hodgkinson, CEO.
Kokopelli PR
"The successful development of a predictable, long-term revenue stream from multiple zones at Kokopelli would represent a significant milestone for Dejour. Beyond the potential impact to our PDP reserve value and corporate cash flow, this 2014 campaign sets the foundation for building both an efficient and substantial liquids-rich natural gas producing operation. But this remains only the early stage of the Kokopelli plan as we look to further expand production on the southern lease in 2015 and include operations to prepare the northern lease for 2016 drilling. With improved project economics and a de-risked engineering profile, we anticipate that the Kokopelli Project can become a highly attractive Piceance producer," states Robert Hodgkinson, CEO.
