Dejour Enterprises Ltd. has received Approved Permits to Drill (APD’s) from the Meeker Bureau of Land Management office in Colorado, for the initial two locations for the Barcus Creek prospect.
This prospect is located in the company’s Rio Blanco Deep Project Area, North Barcus Cr. 1-12 and 2-12. Final approvals from the Colorado State office are now expected within the next two weeks. Two additional approved APD’s for additional locations at Barcus Creek are expected shortly.
Dejour expects drill pads at four (4) separate drilling locations to be constructed on the Barcus Creek leases, with each location prepared to ultimately drill up to six (6) individual wells. Drilling operations are planned to commence prior to the end of June 2007, subject to final rig contract. The primary drill target is the lower 2000’ of the Mesa Verde Group sandstones, the most prolific producing natural gas reservoir in this Basin. Currently drill permits will allow for 40 acre spacing units on this prospect.
Dejour currently holds a 25% working interest in the 1590 acre Barcus Creek prospect, and over 12,000 acres in the Rio Blanco Deep project area. This is part of almost 290,000 gross acres of oil & gas leases held by Dejour in the Piceance/Uinta Basins of Western Colorado and Eastern Utah. Brownstone Ventures also holds a 10% working interest in this prospect and the Retamco joint venture.
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