Seeking Alpha

Dejour Energy to own 99% of Woodrush production

  • Dejour Energy (DEJ) +12.3% AH on news it agrees to acquire a further 24% working Interest in its legacy Woodrush oil and gas production project for ~$1.9M; when completed, DEJ will own a 99% working interest in the properties.
  • The acquired interest includes production from three oil wells, six gas wells, sour gas processing facilities and 8K net acres prospective for additional reserve growth and productivity.
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