Everybody is focusing on the wrong part of the release
To me the most interesting part is "Dejour and its partner will now focus on the Hz production potential for oil that has been encountered in a down dip extension of the same Niobrara formation south of this leasehold. "
This tie in took almost 6mos from when it was announced to today.
With the rate of progress exhibited as of late by DEJ, it could be another 3 quarters before there is anything substantive to report on the Oil. There just doesn't seem to be any sense of urgency or getting things done expeditiously anymore.
Hope I'm wrong about that but after the rate of progress in 2011, 2012 was more subdued.
Let's hope 2013 shows more aggressiveness in getting things done on or ahead of schedule