This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dejour Records Positive Q2-2013 Cash Flow From Operations With 43% Revenue Increase

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, has released its financial and operating results for the three and six months ended June 30, 2013. Summary of results are as follows:

    Three months ended June 30,   Six months ended June 30,
(in thousands of Canadian dollars, unless otherwise indicated)   2013   2012   Change   2013   2012   Change
    $   $       $   $    
Revenue, before royalties   2,526   1,771   43%   4,564   3,699   23%
                         
Income (loss)   (1,075)   (581)   85%   (2,285)   (934)   145%
Basic and fully diluted ($/common share)   (0.007)   (0.004)   75%   (0.015)   (0.007)   114%
Cash flow from operating activities   522   (727)   172%   695   (2,362)   129%
                         
Capital expenditures, net of dispositions   407   1,022  

-60%

  583   2,182   -73%
                         
Total assets   27,377   31,054   -12%   27,377   31,054   -12%
Bank debt, net of working capital   6,412   4,109   56%   6,412   4,109   56%
Shareholders’ equity   9,128   20,757   -56%   9,128   20,757   -56%
                         
Weighted average common shares outstanding (thousands)                        
Basic   148,916   136,165   9%   148,916   133,110   12%
Diluted   148,916   136,165   9%   148,916   133,110   12%

CONSOLIDATED FINANCIAL STATEMENTS

Dejour’s audited consolidated financial statements and related notes for the three and six months ended June 30, 2013 will be available to the public on SEDAR @ www.sedar.com, EDGAR @ www.sec.gov and will also be posted on the Company’s website at www.dejour.com on August 14, 2013.

Dejour’s operating results for the three and six months ended June 30, 2013 are summarized in the table below:

    Three months ended June 30,   Six months ended June 30,
    2013   2012   Change   2013   2012   Change
                         
Production                        
Oil and natural gas liquids (bbls/d)   282   215   31%   257   210   22%
Natural gas (mcf/d)   843   1,146   -26%   864   1,209   -29%
Combined (BOE/d)   422   406   4%   401   411   -2%
                         
Realized sales prices                        
Oil and natural gas liquids ($/bbl)   86.66   78.85   10%   84.99   83.53   2%
Natural gas ($/mcf)   3.98   2.16   84%   3.92   2.32   69%
                         
Operating netbacks ($/BOE)                        
Oil and gas revenue   65.76   47.88   37%   62.90   49.43   27%
Royalties   (12.88)   (7.86)   64%   (12.02)   (8.30)   45%
Operating and transportation expense   (19.94)   (22.72)   -12%   (23.11)   (23.95)   -4%
Operating netback   32.94   17.30   90%   27.77   17.18   62%
                         
Undeveloped land                        
Gross acres   134,932   212,429   -36%   134,932   212,429   -36%
Net acres   102,549   103,020   0%   102,549   103,020   0%

PRESIDENT’S MESSAGE

Dejour is pleased to report the results of operations to shareholders for the second quarter of 2013.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs