Dejour Energy says Kokopelli tests yield 6.8M cf/day

Dejour Energy (DEJ) says combined natural gas production at the four new Williams Fork wells in its flagship Kokopelli project average 6.8M cf/day.

While DEJ maintains a 71.5% interest in the project, its share in the net revenue stream from the initial wells is ~25% before payout and ~40% after 150% of payout based on an updated financial deal with partner WPX Energy (WPX).

DEJ +21.4% premarket.

Comments (3)
  • Soup12345
    , contributor
    Comments (4) | Send Message
    NAV is approx 0.70 per share based on Company's latest presentation. With KOKO producing at 50% better than expected (with only 1/3 frack fluid removed) and plans to drill a Hz Niobrara well (which if even is half as good as WPX's well), the PPS should increase dramatically within the next 12 months.
    28 Aug 2013, 08:52 AM Reply Like
  • aseeling
    , contributor
    Comments (5) | Send Message
    The geology of the koko prospect should have more natural fracs than areas to the west. There should be better than average production from the Williams Fork through the Cretaceous.
    20 Jan 2015, 10:45 AM Reply Like
  • talia1015
    , contributor
    Comments (22) | Send Message
    I would be careful here. Management has history of ignoring shareholder value. Possible dilution on the horizon. Would wait for clarity. Unless momo traders decide to run it up, then I would be watching volume carefully.
    28 Aug 2013, 09:15 AM Reply Like
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