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Dejour. Resourceful. Enterprising. Since inception, Dejour has consistently seized the advantage of our management team's talent to identify premium assets at optimal timing, and then to monetize those assets for our shareholders. Leadership's savvy for market timing and financial stewardship, in combination with our team's technical and operational expertise have combined to drive Dejour to the forefront of leading growth companies in the oil and gas sector. From our perfectly timed transactions in uranium, through our assembly of more than 87,500 enviable net acres of prime oil and gas production land, to our current, flexible approach to exploit those assets, Dejour is tracking toward increasing market significance. With significant oil and gas assets in key regions of Colorado and British Columbia, Dejour is a strong, operating company. Against a context of increasing concern about the domestication of energy production, we're ideally positioned for significant growth.
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NYSE MKT: DEJ TSX: DEJ
Investor Presentation: Q1 - 2014
First Location in Kokopelli Field
Production at Kokopelli
NYSE MKT: DEJ TSX: DEJ
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NYSE MKT: DEJ TSX: DEJ
2014 Growth Driven By Acquisition
YE 2013: Net reserves valued at $6.1mm
(2P*) on ~7500 net acres, now being updated.
As of Q1-2014: ~17,000 net acres 3 light oil wells/ 6 gas wells plus
4 newly acquired gas wells Net production of 150 BO/d and
230 BOE/d gas. Additional development
opportunities: Deeper oil Adjacent gas Infrastructure economies
Project Overview:
*Year End 2013 Reserve Evaluations in accordance with
Canada’s National Instrument 51-101* Standards of Disclosure
NYSE MKT: DEJ TSX: DEJ
Liquids-rich / high BTU gas 71.4% WI in 2200 acres
~220 Williams Fork drillable well
locations, including 139 PUD’s
2014 plan consisting of 7-8 Williams Fork
wells, subject to financing
Current position
4 producing Williams Fork wells
Gross daily production rate: 280BOE/d
Gross reserves 248 BCF gas and
11.3MMBO/ NGL’s,
NPV-10 Dejour value 2P $104.8mm*
(YE2013) *Year End 2013 Reserve Evaluations in accordance
with Canada’s National Instrument 51-101* Standards of Disclosure
Revised enhanced NGL Contract as of
04/01/14
Deeper high pressure Niobrara resource
creating multiple upside potential
NYSE MKT: DEJ TSX: DEJ
Roan Creek: West Piceance Hi-Pressure Niobrara
Position:
1960 net acres
100% WI
Prospectivity
Both WF and hi-pressure Niobrara
resource, viable for ~ 100 WF wells and
at least 12 high pressure Mancos/
Niobrara vertical wells.
Proximity:
Chevron WF production to the north
OXY WF production to the east.
Encana Niobrara production to the
west (Hz wells ~6BCFe/well)
Plan:
Currently surveying lease for EA
submission, receipt of APD to drill.
NYSE MKT: DEJ TSX: DEJ
Total Piceance Potential: WF + Mancos (Incl. Niobrara)
Kokopelli, Roan Creek, Plateau: Net 7,500 acres:
Potential for up to 90 Niobrara wells
Potential for over 400 WF wells
Proximity 40+ Niobrara Hz wells
Average est. yield of 6.4 Bcfe/well
1st WPX (Beast) well produced 2 BCF
in 180 days @ ~12 mmcf/d average /
~16BCF in reserves
2nd well tested 11.8mmcf/d
13 more Niobrara Hz wells announced
to be drilling through year end 2014
NYSE MKT: DEJ TSX: DEJ
North Rangely: Wildcat Oil Shale Resource
Prospectivity: Potential resource in the Phosphoria
Shale could exceed 100mm BO
20,000 acres, 100% WI
Needs 3D seismic to establish drill
target for a $10mm 15000’ Hz test
Historical well data from the 50’s to
70’s: Phosphoria source rock oil
stained 10’-150’, hydrocarbon shows
documented, possible for thick Weber
sand reservoir
Proximity: 1 BBO Rangely Oil Field, 10 miles to
the south, produces from the Weber
and Niobrara.
Serendipity: Multi-zonal alternatives in the Morrison,
Dakota, Niobrara, Weber
Rangely field
North Rangely
Phosphoria/Weber
Prospect
DEJOUR
Mancos Oil and Gas Shows or Production
Frontier, Dakota, Morrison Up Hole Oil and Gas Shows or Production
Phosphoria/Weber Oil Staining - Core or American Strat. Log
Mobil # 1 Gov’t Phosphoria Oil Test
NYSE MKT: DEJ TSX: DEJ
Assets (YE 2013) (PV, disc. @10%) ($C. 000’s)
Property & Equipment
P+P B.C. - Woodrush 6,100
Proven Colorado- Koko 87,300
Probable Colorado - Koko 21,000
$114,400
Exploration assets, including Kokopelli acreage 13,000
Tax losses and pools ($163mm)
5,600
Total Assets (YE 2013) 133,000
Less:
a) Net working capital deficiency (incl. demand bank loan) 8,900
b) Loan facility 4,900
c) Decommissioning liability 1,200
15,000
Net Assets (YE 2013) 118000
Number of Shares Apr/14 Basic 162,000,000
NAV / Share 0.73
NYSE MKT: DEJ TSX: DEJ
Corporate Snapshot Trading Exchanges Liquidity
NYSE MKT /// TSX:DEJ 2.5 MM shares/day (combined avg. / 90 days)
Shares O/S Market Cap
162 MM basic / 200 MM fully diluted US$44 MM
Analyst Reports
SeeThruEquity Initial Target – US $0.53 Zacks Current Target – US $0.50
Key Colorado exploitation leases host over 400 drill locations, with ~ 7,500 net acres productive in multiple reservoirs adjacent to major oil and gas producers
High risk/potential Phosphoria resource oil exploration leases (32,000 acres) also in inventory
Proven producing, undeveloped and probable reserves (independently engineered) currently 2.5x
market cap, with substantial resource indicated upside
Two-pronged growth profile:
a) NGL rich Williams Fork development fosters sustainable, leveraged returns and growing cash flow from operations, and
b) High deliverability resource potential from Niobrara to offer “significant upside”
NEBC O&G lands re-emerging as lucrative with pricing shift / acquisition
Summary
NYSE MKT: DEJ TSX: DEJ
Contact
Robert L. Hodgkinson
Chairman & CEO
Vancouver, BC Canada
1-604-638-5055
David Matheson CFO Vancouver, BC, Canada
1-604-638-5054
Craig Allison Investor Relations
NYC, New York
1-866-888-8230
http://www.facebook.com/DejourEnergy
@dejourenergy
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