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SOUTHPEN

09/19/14 3:56 PM

#3478 RE: Harold33272 #3476

A lot of good opinion Harold ,

"All in all the company is in far better shape today than it was two years ago coming off a bottom in NG prices. No one can say that the company is in financial distress. So the outlook is improved, but as we all well know the ONLY thing that matters at the end of the day is the stock price."

I'm in 100% agreement with your above statement.

"But personally, I'd love to see a 5-for-1 in 2015 after we've got additional cash flow and become a positive earnings per share stock (which is extremely rare for a micro-cap energy company). I would prefer the share consolidation because I believe it would put us in a better position to pick up additional institutional ownership, most of which won't touch a stock under a dollar."

If a share consolidation ever happens ,it had better be when the company is producing enough income to offer a dividend ,....otherwise and make NO mistake "Dejour Executive's " are well aware that a share consolidation prior to dividends,... will be a negative to the share price growth,a grey window of opportunity for more dilution and cementing the company in a cyclical ,habitual form , that institutional investors will surely stay away from,permanently. The argument that institutional investors will buy stock , only if it is at a dollar or more , is proven to be bogus.Sure ,JPM or GS ,likely won't be looking at us but many others (hundreds of others ),which,.....BUY untouched Value..... will. They need to see discipline,from the Dejour team.,imo .DEJ can reach a dollar ,with no share consolidation. This would be a catalyst to uncommonly high growth and Institutional investors would eat us up.

I believe institutional investors stay clear of Dejour ,because the most critical element of the " handling of finance ", was ignored ,IE; cash for exploration & development ,instead of less important issues like executive talent ,..... IE; insider dilution , High End Executive Compensation at times when it was undeserved.

The Executive Compensation could be as high as it is now (even higher) IF,... the shareholders were part of the income IE; Dividends.The company has a ways to go .

North Rangely "COULD BE " a great property and its value is still unknown until we ascertain whether or not in is to be mined traditionally or pumped in an procedure common to the Athabasca Basin "In Situ Recovery" If the property is amenable to ISR ,it could be worth a small fortune ,otherwise its pretty common in the American mid-west and only an insanely high amount of recoverable reserves will make it worthwhile .IMO.