Today, Dejour Energy (NYSE MKT:DEJ) announced that the current production rate from the four wells at Kokopelli is at least 4,500 MCF/D into the sales pipe. In addition, 4-hour tests of each of the four wells this week yielded flow rates between 1,300 MCF/D and of 2,100 MCF/D with an average rate of 1,700 MCF/D per well or a total of 6,800 MCF/D for all four wells. Production from the last two wells that were stimulated by hydraulic fracturing is still ramping up, since the recovery of fracture fluid is restricting the production rate. It is safe to say that management’s expectations of 5.0 MMCF/D (i.e. 5,000 MCF/D) during the initial production phase will be achieved.
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