Recent

% | $
Quotes you view appear here for quick access.

Dejour Energy Inc. Ltd Ordinary Message Board

  • skeeterklemann skeeterklemann Mar 25, 2014 11:08 PM Flag

    PR-THIS WILL MOVE NUMBERS UP

    VANCOUVER, British Columbia--(BUSINESS WIRE)--March 25, 2014--
    Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, advises that effective April 1, 2014 it has revised its arrangements for processing its Piceance Basin Kokopelli natural gas production. Under the modified contracts DEJ will maintain its dedication commitment to Williams Field Services Company, LLC (Williams) now for the duration of a 15 year contract, but will be relieved of its obligation to deliver the current production to Williams until Williams can accept Dejour's gas at their yet to be completed Parachute Creek Cryogenic plant, expected by July 1, 2016.
    In the interim, Dejour will deliver its gas and liquids through the Enterprise Gas Processing, LLC (Enterprise) system to the Enterprise Meeker cryogenic processing plant where Dejour will receive significantly improved value for the residue and natural gas liquids attributable to the Dejour gas production. Under this arrangement, it is estimated that the volume of natural gas liquids recovered from the Dejour gas stream will improve by more than a factor of four times, even if Dejour elects to operate in an ethane rejection mode in its Enterprise contract. To illustrate, at a $4.00/MMBtu price for residue gas and at current prices for natural gas liquids, this enhancement is expected to result in more than a 20% improvement in the net value (after all costs, taxes etc.) realized by Dejour for its wellhead production.
    Upon completion of the Williams Parachute Creek plant in 2016, the Company expects natural gas liquids yields to be comparable to those realized through Enterprise under these interim arrangements.
    Dejour is thankful to Denver based EnVent Energy for its assistance in negotiating these contracts.
    About Dejour

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • bow chikibowbow!!

    • the most important part is
      [it is estimated that the volume of natural gas liquids recovered from the Dejour gas stream will improve by more than a factor of four times, even if Dejour elects to operate in an ethane rejection mode in its Enterprise contract. To illustrate, at a $4.00/MMBtu price for residue gas and at current prices for natural gas liquids, this enhancement is expected to result in more than a 20% improvement in the net value (after all costs, taxes etc.) realized by Dejour for its wellhead production]

      Sentiment: Hold

 
DEJ
0.1010.000(0.00%)Oct 29 4:01 PMEDT