Dejour Energy USA Corp., a wholly owned subsidiary of Dejour Energy Inc. (NYSE AMEX: DEJ / TSX: DEJ) (“Dejour” or the “Company”), received today unanimous final approval from the Colorado Wildlife Commission (CPW) of the Surface Use Agreement that permits Dejour to construct three additional well pads along with the associated access roads, gathering lines, and production facilities within the boundaries of the Garfield Creek State Wildlife Area (GCSWA) as part of the Phase 1 development of its Kokopelli Field leases.
Dejour’s Phase 1 Developments at Kokopelli now includes a total of four well pads along with associated access roads, gathering lines, and production facilities. Dejour can drill and complete up to forty two Williams Fork wells within this framework, initially; twenty-four of which are scheduled through 2013. Development activities on Dejour’s leasehold adjacent to the GCSWA began in November 2011 with the construction of the first of the four Phase 1 drilling pads on acreage located just outside of the GCSWA. (see cover of Dejour's January 2012 PPT). This approval for expansion into the GCSWA was a critical and final step in the regulatory approval process leading to the commencement of drilling later this year. Dejour’s entire 2200 gross acres of proven undeveloped reserve leasehold in the Kokopelli Field will be held by production through only a small portion of the wells drilled in Phase 1.
"The CPW and Dejour conducted extensive analysis that included baseline wildlife and water studies and a broad array of best management practices. The recognition by both Dejour and the CPW of the need to properly protect this sensitive wildlife area resulted in a well-balanced agreement that allows Dejour’s low impact energy development to coexist with the wildlife management and conservation efforts of the CPW. Dejour is very appreciative of the significant efforts of key personnel within the CPW to affirmatively conclude this approval process," stated COO, Hal Blacker.
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