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Dejour Energy Inc. Ltd Ordinary Message Board

  • dejinvest dejinvest Dec 31, 2012 2:20 PM Flag

    KOKO News

    Likely to be released first two weeks of January. As to Koko, tie-in is nice, but DEJ will focus investors in the approxmiately 42 initial wells at Koko -- obviously they can't drill those on their own, so expect partners/sale of those 42 wells. As to Woodrush, it appears DEJ will no longer focus on BOEs per day (previous estimates were 1,000 and then 700 BOE), but instead will have investors look at the new valuation of oil deposits at Woodrush.

    Seems to me management is simply setting up DEJ to be sold -- doesn't really care about production - just wants initial production at the sites to substantiate / increase their valuations.

    Also, expect management to start a roadshow at the end of January.

    Sentiment: Hold

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