Dejour Improves Operational Efficiencies at Peace River Arch
At the Woodrush project, located in the Peace River Arch British Columbia, Dejour's engineering team has designed and implemented several efficiency measures to its C$6.5M operating facility to enhance production operations. These efficiency measures will save approximately C$600,000 annually on a go forward basis at current production rates and set up the facility for greater savings as its production profile grows. In addition, DEAL G&A expenses have been reduced by a further C$600,000 annually.
Moving forward, Dejour has developed its 2009/10 winter drilling program that includes plans for 2-3 additional oil wells at Woodrush, which currently produces 550 gross BOE per day. All operations through production are expected to be concluded prior to break-up.
To assist the Denver based engineering team in executing the Woodrush development plan, Steve Crane, has been appointed to assume the role of acting COO for DEAL replacing Charles Dove who is returning to his independent consulting practice. Mr. Crane is a 30-year industry veteran with extensive technical, managerial and executive experience both upstream and downstream technology, business development and asset management at ARCO, Royal Dutch Shell, Muse Stancil and Pioneer Natural Resources. As founder and President of SURE Northern (Canada), a Royal Dutch Shell subsidiary, he established the super-giant Grosmont resource base in Alberta during 2005-2008 as a viable energy source. Mr. Crane has been awarded eight patents for his innovations in unconventional oil and upstream oil and gas, contributed various professional papers and is a co-author of the book, Fractals in Petroleum Geology and Earth Processes. He received a B.Sc. in Petroleum Engineering and an M.B.A.
Hal Blacker, Dejour President & COO stated, "Steve has been instrumental in restructuring our Alberta operations and improving our bottom line. We are very fortunate that he has agreed to take the operations lead for DEAL as we approach the winter drilling season."
- Dejour Drills 3rd Successful Well in Canada (Oct 14)
- Dejour Ramps Reserve Value by 150% at Woodrush (Aug 03)
- Dejour Highlights '09 Results, Key 2010 Objectives (Apr 02)
Company: Dejour Energy Alberta Ltd (DEAL) more info
- Dejour's Balance Sheet To Be Bolstered by Infusion of Cash (Dec 27)
- Dejour Improves Operational Efficiencies at Peace River Arch (Aug 06)
- Dejour Continues Field Development at Peace River Arch (Jun 20)