PRESS RELEASE
DEJOUR ENTERPRISES LTD.: Amex:”DEJ”/ TSX-V: “DEJ”
FOR RELEASE: September 25, 2007
Dejour’s 2nd Piceance Basin Well Contains 254’ Net Pay
September 25, 2007 - Vancouver, Canada – Dejour Enterprises Ltd. (Amex: DEJ, TSX-V:DEJ and D5R: Frankfurt) is pleased to report that the N. Barcus Creek #2-12 well contains an estimated 254 feet of potential net pay. Casing has now been set to total depth. This result correlates positively with the 263 feet of potential net pay recently reported in the adjacent N. Barcus Creek #1-12 well. Dejour’s owns 25% working interest in each of the #1-12 and #2-12 wells.
Dejour engaged Gustavson Associates, Boulder Co. (Geologists – Engineers – Appraisers) to conduct a preliminary petrophysical analysis of the #2-12 well logs and it is their interpretation that the reservoirs in the N. Barcus Creek #2-12 and #1-12 are similar. Throughout drill operations the mud logs for each of the #2-12 and #1-12 wells showed strong evidence of reservoir gas. Both wells were keyed off the Federal #22-12 well drilled by Pacific Transmission Supply Co. in 1979, which reported 260’ of possible gas pay.
Completion work on the N. Barcus Creek #1-12 well has commenced. Results should be available within the next 10 days. Completion of the #2-12 will follow immediately.
Dejour and its partners have been advised by the operator that it plans to drill additional wells on this 1,590 acre N. Barcus Creek prospect, which forms part of the highly promising Rio Blanco Project consisting of a total of 5,554 acres. Dejour holds a 25% unpromoted interest in these lands and all actual exploration expenditures. The operator reports that the cost of drilling the #2-12 and #1-12 wells has been less than the original budgeted amount.
This N. Barcus Creek lease block lies directly between a large Exxon lease block directly to the east and a large lease block owned by EnCana to the west. The Exxon lands host four recent natural gas resource discoveries drilled by Williams Cos. immediately offsetting the Company’s leases. Exxon previously announced its intention to drill 1000 wells on its leases in that area. Recently, Conoco-Philips announced its intention to commence drilling the first of 800 wells on the EnCana lands, which are now subject to a Conoco-Philips joint venture, early in 2008.
The N. Barcus Creek prospect has the potential to initially drill up to 40 wells based on 40 acre spacing units with further down-spacing to 10 acre units in the future. Accessible pipeline facilities lay within one mile of the lease boundaries.
This ‘Rio Blanco Deep’ project is one of over 60 separate exploration projects held by Dejour (average interest over 25%) in its search for and exposure to significant energy discovery in the hydrocarbon bearing basins of Piceance/Uinta in Colorado/Utah and the Peace River Arch of NE British Columbia/NW Alberta Canada, inclusive of the uranium bearing Athabasca/Thelon Basins of Northern Canada through its holdings of Titan Uranium (TSX-V: TUE) and associated carried/royalty interests.
R. Marc Bustin, Ph.D., P.Geol. FRSC is the qualified person for this news release.
About Dejour
Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil & gas exploration and production with a significant investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them to enhance shareholder returns.
The Company is listed on the Amex (DEJ), TSX Venture Exchange (DEJ.V), and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although Dejour believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uranium and oil and gas prices, well or production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbor.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100-808 West Hastings Street, Vancouver, BC Canada V6C 2X4
Phone: 604.638.5050 Facsimile: 604.638.5051 Email: investor@dejour.com
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