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  • Dejour Energy, Inc. (DEJ) Spuds First Of Three New Piceance Basin Wells At Kokopelli 0 comments
    Apr 1, 2013 9:42 PM | about stocks: DXI

    Dejour Energy is drilling again on their Kokopelli field development project in Colorado's Piceance Basin, where the company has some 129k net acres total (another 8.5k net acres over in the Peace River Arch), as news drops today that well one of three in the new drilling program, a directional well named Federal 6-7-15-27, was successfully spud last week.

    Drilling is slated for next week and surface casings are all set to be put in on the remaining 14-27 and 13-27 wells. DEJ has projected a 30-day window for the job, which will also include logging/casing down to around 8.3k feet. As operator of the project and with 100% WI in these three wells (pending the Jan 2 agreement with a private, Denver-based drilling fund), the atmosphere at Dejour is understandably jubilant as they get into the meat of this incredible resource project.

    Kokopelli is nestled among the highly productive acreage of Williams Co. and Barrett Resource (collectively an extension of the Mamm Creek field), with access to high-volume pipeline infrastructure that was just put in back in Q3 2012. As soon as the wells are in, the company plans to go straight into completion, eager to get the ball rolling on production from what is a spectrum of LNG-rich Williams Fork (Mesa Verde) horizon targets.

    This massive gas-saturated target matrix spells real bottom line growth for DEJ shareholders and one look at this rig, towering over the windswept Colorado fields that still show signs of the fading snows of winter, is all it takes to get your blood flowing with a confidence similar to that of the company's management. All necessary permits are well in hand for this phase of development at Kokopelli and investors can look at something like the recent announcement by WPX Energy on a completed Lower Mancos (Niobrara) producer, also in Garfield County, that averaged 12 MMCF/d of restricted flow during its initial 30 days, for the kind of potential we are talking here.

    More information on Dejour Energy is available at Dejour.com

    Please see disclaimer on the MissionIR website www.missionir.com/disclaimer.html

    Stocks: DXI
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