Dejour Energy Reports Q3 2012 Revenue Of $1.55 Million

Selected Financial Highlights (See “Non-GAAP Measures” section below for explanations)

Operating Cash Flow
		Three months endedSeptember 30,				Nine months endedSeptember 30,
		2012		2011		2012		2011
		$		$		$		$
Cash flows from (used in) operating activities - GAAP		(422,000)		602,000		(2,268,000)		(690,000)
Add: changes in non-cash operating working capital		(329,000)		80,000		554,000		619,000
Operating Cash Flow - Non-GAAP		(751,000)		682,000		(1,714,000)		(71,000)

Operating Netback
		Three months endedSeptember 30,				Nine months endedSeptember 30,
		2012		2011		2012		2011
		$		$		$		$
Gross Revenues		1,552,000		2,947,000		5,251,000		6,347,000
Less: Royalties		(234,000)		(614,000)		(855,000)		(1,199,000)
Less: Operating and transportation		(1,209,000)		(664,000)		(3,001,000)		(1,642,000)
Operating Netback – Non-GAAP		109,000		1,669,000		1,395,000		3,506,000

Operating Loss
		Three months endedSeptember 30,				Nine months endedSeptember 30,
		2012		2011		2012		2011
		$		$		$		$
Net loss		(1,365,000)		(346,000)		(2,299,000)		(2,614,000)
Add back (losses) and deduct gains:
Impairment losses		9,000		841,000		18,000		1,036,000
Change in fair value of warrant liability		(16,000)		(543,000)		(1,807,000)		(464,000)
Operating Loss – Non-GAAP		(1,372,000)		(48,000)		(4,088,000)		(2,042,000)

EBITDA
		Three months endedSeptember 30,				Nine months endedSeptember 30,
		2012		2011		2012		2011
		$		$		$		$
Net loss		(1,365,000)		(346,000)		(2,299,000)		(2,614,000)
Deferred tax recovery		-		-		-		(187,000)
Finance costs		67,000		270,000		400,000		795,000
Amortization, depletion and impairment losses		597,000		1,417,000		1,984,000		2,633,000
EBITDA – Non-GAAP		(701,000)		1,341,000		85,000		627,000

Adjusted EBITDA
		Three months ended June 30,				Six months ended June 30,
		2012		2011		2012		2011
		$		$		$		$
EBITDA		(701,000)		1,341,000		85,000		627,000
Adjustments:
Stock-based compensation		26,000		150,000		393,000		549,000
Change in fair value of warrant liability		(16,000)		(543,000)		(1,807,000)		(464,000)
Adjusted EBITDA – Non-GAAP		(691,000)		948,000		(1,329,000)		712,000

Non-GAAP Measures: This news release contains references to non-GAAP measures as follows:

Operating Cash Flow is a non-GAAP measure defined as cash flow from operating activities before changes in non-cash operating working capital items.

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