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TheStreet Open House

Dejour’s Kokopelli ‘Green Completion’ Program With Halliburton Underway

Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, is pleased to announce that production facility installations and pipeline tie-ins have been completed and pre-completion logistics for the fracking of Dejour’s initial four wells are currently underway at Kokopelli.

Each of the wells will be completed in the Williams Fork formation with up to eight frac stages per well. Halliburton (NYSE: HAL) is performing the work under a turnkey contract arrangement. As soon as the wells are capable of sustained flow they will be turned into the sales line and the cleanup of the wells will be completed while producing the wells into the gas sales lines in order to minimize the release of the hydrocarbons to the atmosphere, per Dejour’s policy of “green completions.”

All facility installations and pipeline connections for the immediate transportation and processing of gas, condensate and NGL’s have been completed ahead of the scheduled completions in order to accomplish the goal of minimum hydrocarbon flaring during the completion process and startup of production.

Additionally, in order to reduce costs and impact on the environment, the first two wells will be completed in early July followed in late July by the completion of the remaining two wells, maximizing the utility of the water and treating all fluids in an environmentally responsible manner.

“The initial production at Kokopelli is an important milestone. It establishes Dejour as a long term producer of rich gas reserves in the Piceance Basin. Aside from the importance of the revenue contribution, accomplishing this milestone allows Dejour to step past issues surrounding the establishment of initial production and focus on development of the deeper Mancos/Niobrara high-pressure gas resource that we believe to be prolific in the eastern portion of the Piceance Basin,” says Hal Blacker, Dejour COO.

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