DXI Capital Corp. (DXIEF)

[Chisum]

A note from Brownstone
they have a controlling interest of 10%

Brownstone Updates Piceance Project


TORONTO, Ontario (October 26, 2007) – Brownstone Ventures Inc. (TSXV: “BWN”) (“Brownstone”) and its joint venture partners report further updates on its Piceance Basin Project.

Piceance Basin, Colorado

North Barcus Creek #1-12
Flow-testing and completion operations for the N. Barcus Creek #1-12 discovery well located in Rio Blanco County are continuing. All frac fluids have now been recovered. The operator is assessing additional work to ensure the optimum completion method for production from these significant reservoirs. The time spent establishing the completion methodology at the #1-12 well will assist in the completion program for the N. Barcus Creek #2-12 well and all future wells bearing similar geology on this lease block. Flow rates have continued to meet the operator’s expectations.


Key Note of

"Flow rates have continued to meet the operator’s expectations."


Even though Dejour has not given a clear update this seems very positive.

A comment from David Fry ( Dejour )

"At this time we cannot accurately predict when Haliburton will release their results to the operator.
Haliburton is testing additional up-hole zones in
order to maximize flow rates and to streamline future well completions.
This process is taking more time than originally predicted."

I am not sure of the technical aspects to this comment but I see this as a positive.

An additional comment from David was
to expect 10 online producing wells from Peace River Arch
with this, a positive cash flow.

Also, one comment is that DEJ is no longer a speculative stock but one with proven reserves and a producing company.

We might have to wait a couple of months for the investment community to become active in this stock but I am willing to wait it out, and if additional funds are available, I will continue to buy.



GLTA