I suppose we'll know soon enough since he indicated an update "near term", whatever that means. And you're right, the part about expenditures sure leaves a lot to wonder about given the current O&G pricing environment. Bottom line DEJ seems in best shape ever production and financing situation, yet we languish at these depressed sp levels...hmmm.
...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
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