Lang Exploratory Drilling has drilled to 3,200 ft. and cased the surface hole for the #2-12 North Barcus Creek well. That rig has been moved to #1-12 North Barcus Creek well and is currently drilling ahead at 1,520 ft. The drilling program for these wells is a two-stage process. Phase Two of the drilling program has commenced with the rigging up of HP Rig #159 to deepen the #2-12 well to a total depth of 11,500 ft. Once the #2-12 has been drilled to total depth, this rig will be moved to complete the same operation at the #1-12 location. Combined drilling and testing time for these first two wells is estimated to be 100 days.
These two wells are the first wells to be drilled by Dejour and its partners on over 290,000 acres of land holdings in the Piceance-Uinta Basins, respectively of Western Colorado and Eastern Utah, acquired since July of 2006. The North Barcus Creek prospect, covering 1,590 acres, is one of three separate land holdings totaling over 5,000 acres within the highly promising "Rio Blanco Deep" project area of the Piceance Basin. Logs of a well drilled on this prospect in 1979 showed 260 ft. of potential hydrocarbon-bearing sands in the Upper Isles formation of the Mesa Verde group.
Dejour and its partners initially plan to drill a total of four separate locations at North Barcus Creek. It is expected that these lands will be fully developed on maximum 40-acre spacing units. Accessible pipeline facilities lay within one mile of the lease boundaries.
This "Rio Blanco Deep" project is one of over 60 separate exploration projects held by Dejour (average interest over 25%) in its search for, and exposure to, significant energy discovery in the hydrocarbon-bearing basins of Piceance/Uinta in Colorado/Utah and the Peace River Arch of NE British Columbia/NW Alberta Canada, inclusive to the uranium-bearing Athabasca/Thelon Basins of Northern Canada through its holdings of Titan Uranium.
For the first time in the company's recent history, drilling is active in each of these three high-potential areas.
Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil & gas exploration with a significant indirect investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns.
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