Dejour Enterprises Ltd. has secured 3,792 additional net acres in the emerging Montney natural gas trend in NE British Columbia at the August 13th government oil and gas drilling rights auction.
"This increases our land holdings to 6,352 contiguous acres (2541 ha.) at a total cost of C$902,000. Participation in this Montney natural gas resource trend adds to the strategic exploration and development growth plan for Dejour. The addition, at a much lower cost than some recent high profile deals, will provide the Company a significant additional growth opportunity to compliment its recent success in the Peace River Arch," stated Charles Dove, President of Dejour Energy (Alberta).
These lands have the additional benefit of being adjacent to necessary appropriate pipeline infrastructure, dramatically underwriting the future costs of bringing any reserves to market.
Initial drilling of these lands is anticipated in winter 2009-10.
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