Exploration & Production | Finance & Investing | Debt | Capital Markets | Drilling Program
Dejour Finances Kokopelli to 2017
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Dejour Energy Inc. has updated current progress towards financing the Kokopelli Project.
Dejour has retained Casimir Capital L.P., a full service energy focused investment bank, to assist Dejour with securing debt financing to support the Kokopelli Project development in 2015, 2016 and 2017. Dejour expects to participate in a 2015 drilling campaign that includes at least 10 additional wells.
As per previous reports, the operator must deploy development capital for the 2014 program which includes drilling and completing 9 wells to earn its 65% WI in the 2200 acre property. The program is currently underway and on schedule. Upon this deployment of capital, Dejour will retain a 25% working interest in the Kokopelli Project. Together, the working interest partners expect to develop the area which could hold 250 potential drilling targets.
Robert Hodgkinson, CEO said: "Casimir, an energy focused investment bank is committed to securing financing options supporting our capital needs. We remain intent on building a significant, liquids-rich energy resource portfolio and expect our 2015 U.S. production profile will attract continued funding for our Kokopelli development program."