Dejour Enterprises has filed its quarterly documents with regulatory authorities today. The Company continues to deliver on its promise to strengthen its balance sheet in anticipation of a solid recovery in energy assets. Highlights for the quarter include:
The Company intends to further reduce debt through divestiture of noncore assets, fortifying its balance sheet to focus on developing projects that can generate revenues and cash flows in a lower priced commodity market. Furthermore, as part of Dejour's overall strategy to conserve cash and effectively exploit its low risk, high value projects, the Company's top management and certain staff members continue to defer at least 15% of their compensation in 2009.
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