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Dejour Energy Inc. Message Board

  • dejinvest dejinvest Apr 10, 2013 4:38 PM Flag

    Devine Resigns

    Having an independent Director resign, immediately, does not bode well.

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    • He was/is general counsel. Things may be little out of his league with jv's, private funding, land sales, Removing partners (brownstone) we did pick up 31,000 additional acres and 100% WI on 4 wells at koko from jv brownstone. Kennedy is more of what DEJ needs at this point he much more than general counsel. I am certainly not saying Devine is not good at what he does but he is general counsel. DEJ moving in different direction these days. Thanks for service Devine. Kennedy lets get it done!

    • Really? Show me one of your previous posts declaring that if Devine resigns we should all be concerned.

      • 1 Reply to krugstoneco
      • You are right. Poor speculation on my part, especially since he was brought on in 2009 (perhaps in relation to some prior financing tranaction), new directors were added in December, the notice advises this resignation is part of a "reconfiguration" of the board for the June meeting, the fact we are even having a June meeting, and that the current working line is likely to be paid off in June. All signs point to a shift in financing structure -- perhaps JV or other significant corporate transaction, but pure speculation at this point.

    • Oh really? And WHY is that?

      All he did as a infependent director is provide advise on their finance. So please do explain

      Sentiment: Strong Buy

    • Did Devine get options granted to him this year? Anybody?

      • 1 Reply to oilyrealist
      • Annual information form doesn't show him with any DEJ holdings, not sure about options. Here's a note from the form:
        Darren Devine: Mr. Devine is the principal of Chelmer Consulting Corp., which provides corporate finance advisory services to private and public companies. Mr. Devine is a qualified Barrister and Solicitor in British Columbia, and a qualified solicitor in England and Wales. Prior to forming Chelmer Consulting, Mr. Devine practiced exclusively in the areas of corporate finance and securities law with a focus on cross-border finance, stock exchange listings and mergers and acquisitions with the firm DuMoulin Black LLP in Vancouver, British Columbia.

 
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