Exploration & Production | Top Story | Quarterly / Earnings Reports
Dejour Betting on Niobrara/Mancos for 2014; Touts Early Results
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Dejour Energy Inc. has reported its financial and operating results for the three and nine months ended September 30, 2013.
Highlights: Completed the fracing of four new wells drilled to the Williams Fork formation at Kokopelli in the eastern portion of Piceance Basin of Colorado. These wells are the initial four wells funded in the financing arrangement with a Denver-based drilling fund (Note 12 to the consolidated financial statements); Increased production by 71% to 591 BOE/d for the three months ended September 30, 2013 from production of 346 BOE/d for the comparative period of 2012; and Increased gross revenues by 33% from $5.3 million for the nine months ended September 30, 2012 to $7.0 million for the nine months ended September 30, 2013.Revenue increased 55% from $1.6 million…
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