Reading between the Lines
Can be different depending on the perspective
Is the Glass Half Full or is it Half Empty.
Major Shareholders:
Robert L. Hodgkinson 5.6 million, fully diluted
Retamco Operating Inc. 5.5 million (Piceance Operating Partner)
Pinetree Capital 5.0 million
5.6 Million Shares speaks alot to me and has continued to buy. This is positive news.
Piceance Basin Invested $400/acre for 300k acres.
Est.:3-5 TCF Gas, 2 BBL Oil
Drilling and Completing
initial 2 of 4 Wells
•Piceance Basin estimated to hold over
300 TCF gas in place (100BCF/section)
•Dejour holds a 25% WI in over 300,000
gross acres with a minimum 80% NRI
• Estimated Resource Potential on these
lands: > 5 TCF gas and 2 billion BO
(independently assessed)
• Half life of leases – 2016 average (2011-
2021)
•Average cost less than $400/ acre
If DEJ was expecting bad results the estimates most likely would have changed. This is a positive.
North Barcus
Creek: 1590 acres (0.5% of total DEJ lease holdings)
•Target: to establish 300BCF net sales gas reserves at NBC
Dejour: 20% NRI.
• First 2 wells (NBC #1-12/#2-12) are high profile
discoveries, currently being completed.
•Additional wells permitted.
DEJ commenting First two wells as " High Profile"
Seems like a positive statement.
Dejour Enterprises Ltd. = Great leverage to energy discovery: one key to achieving high ROIC
Current energy cycle is indeed a
“Once in a generation opportunity”
Dejour Enterprises Ltd. = Well capitalized, equity funded, debt free, with a balanced resource discovery strategy, hosting upside from production, reserve growth and equity portfolio growth
Dejour Value Proposition = Poised to benefit from significant discovery potential on over 1,850,000 acres of mineral leases covering a portfolio of 60 North American based project areas in three major resource regions.
Great Leverage a key for high ROIC. This seems like a positive statement.
Remember DEJ has a 25% interest in this and is waiting on Haliburton ( opereator ). Someone else is determining the time frame. I guess we could ask for a weekly update, but if you do not know you do not know!
To sum up the positive.
Owning 5.6 million shares is at more risk than the few shares I have, so I still think that good news is coming. Thats my take on reading between the lines.
Also, I posted earlier contact information for Dejour, David Fry would be more than willing to talk to you and listen to your concerns, I would suggest a call.
GLTA
AI
