Project Profile
Value: undisclosed
Location: Unique Peace River Arch, NE British Columbia, Canada
Area: 23,000 gross (17,000 net) acres
Reserves: 1.3 Million BO remain recoverable
Start-up year: -
Woodrush covers an area of 23,000 gross (17,000 net) acres with a combination of oil and gas production. Dejour operates and owns 75% interest. The US$1 million 3D seismic was completed and, interpreted in Q1 2010. The waterflood of existing oil pools was completed in Q2 2011. There are currently 10 wells (2 oil, 6 gas and 2 injectors) with potential additional wells: 1 oil and 2 gas. Gross production expected to increase to a level of 1200 to 1400 BOE/d by early 2012. Preliminary NI-51-101 Scoping Study dated June 30, 2011 suggests 1.3 Million BO remain recoverable from Woodrush. The combined value of the oil and gas PV-10 proved and probable reserves at Dejour’s Canadian properties is approximately US$42 million as at June 30, 2011.
Operators:
Dejour Energy Inc.: 75% interest
Others: 25% interest