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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.

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