No. The company is not in danger of becoming de-listed or getting a de-listing notice.
The 12-month story on Dejour is going to be pretty simple. Drill a mancos, drill an additional 4-7 verticals at Kokopelli and then sell Kokopelli. I'd be very, very surprised if Kokopelli is not sold in 2014. And from that point forward, the company will take that revenue and develop the rest of its assets, starting with the rest of its Garfield County (CO) acreage. It's really that cut-and-dry. And when Kokopelli is sold, with that chunk of money sitting on the balance sheet, the company's cash problems are over and the market has to price that into the stock. It's at that point when I expect everything to change. From now until then, cash flow from operations will be status quo.
This is purely an asset play. This is not a production company. It's an exploration company. It always has been. The company has no intention whatsoever of drilling 200+ wells at Kokopelli. That task will go to the buyer in 2014. They are developing Kokopelli to sell. Period.
Sentiment: Strong Buy