DXI Capital Corp. (DXIEF)

[SOUTHPEN]

...once the operator has completed the required expenditure to earn its interest, "

He means the private partner (operator) is required to finish the 8 WF wells at no cost to Dejour .That is the earn in for their majority ownership. 20M =,4 M went to Dejour which paid all U.S.debt and 16M must be spent on 8 Williams Fork wells @ 8400 Ft and 1 Mancos Test for production @ 12,750 FT

We will earn off our 25% of these wells

The Williams Fork is rich with liquids