Dejour Energy Ltd. is in its third month of production from its first four well gas wells in Peace River Arch NE British Columbia. Work continues on the production tie in of six additional wells completed during last winter’s drilling activities. Plans for additional development during the 2008/09 winter season are well advanced.
Dejour announces it has been successful in acquiring lands on the emerging Montney natural gas trend in this part of NE British Columbia. According to Andrew Bradford the Montney resource in this region is potentially one of the largest economically viable unconventional plays in North America.
This report further discusses large producers such as Encana, Duvernay, Murphy Oil and ARC Energy Trust are actively increasing their spending in this region.
“Our initial land acquisition on this play is part of a strategic ongoing growth plan for Dejour in the Peace River Arch area. This sets Dejour on a track for significant new resource growth through the drill bit for years to come,” says Charles Dove, President Dejour Alberta.
“This Montney land purchase combined with our recent land acquisition in the Rocky Mountain Basin establishes Dejour’s exploration and development programs for at least the next 18-24 months. I am very pleased that the Company has been able to acquire properties in two of the strongest oil and gas resource plays in North America,” stated Robert L. Hodgkinson, Chairman & CEO.
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