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Dejour Reports 78% Q3 Production Gain

Stocks in this article: DEJ

Dejour Energy Inc. (NYSE AMEX: DEJ / TSX: DEJ) announced today rising preliminary sequential oil and gas production results (net of shrinkage, flared gas and site fuel) for the third quarter, ending September 30, 2011.

           
Preliminary Production Figures
 
(75% Working Interest)       2011 Q3       2011 Q2       Change
 
Oil (barrels per day) 326 185 76%
Natural Gas (mcf per day) 1,120 614 82%
                 
Average BOE per day 512       287       78%

“We are pleased to report on the production increase resulting from the successful waterflood implementation at our Woodrush project. We expect our Q4 production to continue to increase averaging in excess of 600 BOE per day with 57% oil. Pending approval by the BC Oil and Gas Conservation Commission of our application to increase injection and projection rates from the Halfway pool, we will drill another oil producer before year end, further increasing Dejour's net production an additional 200-300 BO per day by early Q1 2012,” asserts Harrison Blacker, President.

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