Dejour Enterprises announced the successful acquisition of more than 2,000 acres of leasehold in Northeast British Columbia adjacent to Dejour's existing leasehold at Woodrush and on trend with the Halfway oil pool discovered by Dejour in early 2008. Through this lease acquisition and a 3D seismic program commencing in early December 2010, the Company anticipates to significantly augment the areal and volumetric extent of its 73.5% owned Halfway oil pool.
Dejour has commenced its winter exploration drilling program at Woodrush. This program comprises up to three new oil wells. The first well, expected to be completed and in production by the end of December, offsets the initial discovery well at Woodrush, in production since 2008. Initial production test results from this well are expected by mid-December. Dejour currently produces 400+ net BOE/d from this field. The balance of the drilling plan is scheduled for completion during Q1-2010.
"This is a very exciting time for Dejour. The current drilling program, coupled with the acquisition of this additional highly prospective acreage, provides to Dejour and its partners the best possible position with which to efficiently exploit this quality oil resource and maximize the value of this new oil pool discovery," noted Hal Blacker, President of Dejour Enterprises Ltd.
Woodrush is one of eight advanced drill ready projects (3 oil and 5 natural gas) developed by Dejour's technical team, covered by just 25% of the Company's current land holdings.
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