Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Dejour Sees Upswing in Production, Revenues; Cuts Costs
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Dejour Energy Inc. has reported its 2013 financial results.
The Company generated $9.3 million in gross revenues, a 35% increase over 2012, and positive cash flow from operations of $521,000 compared with a cash deficiency from operations of $2.2 million in 2012.
Other Highlights are: A comprehensive loss for the year of $1.5 million representing an 87% reduction from the Company’s comprehensive loss of $11.8 million in 2012; Average production for the year of 504 boepd, a 35% increase over average production of 372 boepd for the year ended December 31, 2012; Average production of 620 boepd for the 4th quarter of 2013, a 94% increase over average production of 319 boepd in the 4th quarter of 2012; Year-end 2P reserves value of $115.6 million, an increase of 16.8% over the 2P reserve…Finish this article — free account or subscription
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