dejour energy inc - investor presentation 2014
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NYSE MKT: DEJ TSX: DEJ
Investor Presentation: Q1 - 2014
First Location in Kokopelli Field
Production at Kokopelli
NYSE MKT: DEJ TSX: DEJ
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NYSE MKT: DEJ TSX: DEJ
2014 Growth Driven By Acquisition
YE 2013: Net reserves valued at $6.1mm
(2P*) on ~7500 net acres, now being updated.
As of Q1-2014: ~17,000 net acres 3 light oil wells/ 6 gas wells plus
4 newly acquired gas wells Net production of 150 BO/d and
230 BOE/d gas. Additional development
opportunities: Deeper oil Adjacent gas Infrastructure economies
Project Overview:
*Year End 2013 Reserve Evaluations in accordance with
Canada’s National Instrument 51-101* Standards of Disclosure
NYSE MKT: DEJ TSX: DEJ
Liquids-rich / high BTU gas 71.4% WI in 2200 acres
~220 Williams Fork drillable well
locations, including 139 PUD’s
2014 plan consisting of 7-8 Williams Fork
wells, subject to financing
Current position
4 producing Williams Fork wells
Gross daily production rate: 280BOE/d
Gross reserves 248 BCF gas and
11.3MMBO/ NGL’s,
NPV-10 Dejour value 2P $104.8mm*
(YE2013) *Year End 2013 Reserve Evaluations in accordance
with Canada’s National Instrument 51-101* Standards of Disclosure
Revised enhanced NGL Contract as of
04/01/14
Deeper high pressure Niobrara resource
creating multiple upside potential
NYSE MKT: DEJ TSX: DEJ
Roan Creek: West Piceance Hi-Pressure Niobrara
Position:
1960 net acres
100% WI
Prospectivity
Both WF and hi-pressure Niobrara
resource, viable for ~ 100 WF wells and
at least 12 high pressure Mancos/
Niobrara vertical wells.
Proximity:
Chevron WF production to the north
OXY WF production to the east.
Encana Niobrara production to the
west (Hz wells ~6BCFe/well)
Plan:
Currently surveying lease for EA
submission, receipt of APD to drill.
NYSE MKT: DEJ TSX: DEJ
Total Piceance Potential: WF + Mancos (Incl. Niobrara)
Kokopelli, Roan Creek, Plateau: Net 7,500 acres:
Potential for up to 90 Niobrara wells
Potential for over 400 WF wells
Proximity 40+ Niobrara Hz wells
Average est. yield of 6.4 Bcfe/well
1st WPX (Beast) well produced 2 BCF
in 180 days @ ~12 mmcf/d average /
~16BCF in reserves
2nd well tested 11.8mmcf/d
13 more Niobrara Hz wells announced
to be drilling through year end 2014
NYSE MKT: DEJ TSX: DEJ
North Rangely: Wildcat Oil Shale Resource
Prospectivity: Potential resource in the Phosphoria
Shale could exceed 100mm BO
20,000 acres, 100% WI
Needs 3D seismic to establish drill
target for a $10mm 15000’ Hz test
Historical well data from the 50’s to
70’s: Phosphoria source rock oil
stained 10’-150’, hydrocarbon shows
documented, possible for thick Weber
sand reservoir
Proximity: 1 BBO Rangely Oil Field, 10 miles to
the south, produces from the Weber
and Niobrara.
Serendipity: Multi-zonal alternatives in the Morrison,
Dakota, Niobrara, Weber
Rangely field
North Rangely
Phosphoria/Weber
Prospect
DEJOUR
Mancos Oil and Gas Shows or Production
Frontier, Dakota, Morrison Up Hole Oil and Gas Shows or Production
Phosphoria/Weber Oil Staining - Core or American Strat. Log
Mobil # 1 Gov’t Phosphoria Oil Test
NYSE MKT: DEJ TSX: DEJ
Assets (YE 2013) (PV, disc. @10%) ($C. 000’s)
Property & Equipment
P+P B.C. - Woodrush 6,100
Proven Colorado- Koko 87,300
Probable Colorado - Koko 21,000
$114,400
Exploration assets, including Kokopelli acreage 13,000
Tax losses and pools ($163mm)
5,600
Total Assets (YE 2013) 133,000
Less:
a) Net working capital deficiency (incl. demand bank loan) 8,900
b) Loan facility 4,900
c) Decommissioning liability 1,200
15,000
Net Assets (YE 2013) 118000
Number of Shares Apr/14 Basic 162,000,000
NAV / Share 0.73
NYSE MKT: DEJ TSX: DEJ
Corporate Snapshot Trading Exchanges Liquidity
NYSE MKT /// TSX:DEJ 2.5 MM shares/day (combined avg. / 90 days)
Shares O/S Market Cap
162 MM basic / 200 MM fully diluted US$44 MM
Analyst Reports
SeeThruEquity Initial Target – US $0.53 Zacks Current Target – US $0.50
Key Colorado exploitation leases host over 400 drill locations, with ~ 7,500 net acres productive in multiple reservoirs adjacent to major oil and gas producers
High risk/potential Phosphoria resource oil exploration leases (32,000 acres) also in inventory
Proven producing, undeveloped and probable reserves (independently engineered) currently 2.5x
market cap, with substantial resource indicated upside
Two-pronged growth profile:
a) NGL rich Williams Fork development fosters sustainable, leveraged returns and growing cash flow from operations, and
b) High deliverability resource potential from Niobrara to offer “significant upside”
NEBC O&G lands re-emerging as lucrative with pricing shift / acquisition
Summary
NYSE MKT: DEJ TSX: DEJ
Contact
Robert L. Hodgkinson
Chairman & CEO
Vancouver, BC Canada
1-604-638-5055
rhodgkinson@dejour.com
David Matheson CFO Vancouver, BC, Canada
1-604-638-5054
dmatheson@dejour.com
Craig Allison Investor Relations
NYC, New York
1-866-888-8230
callison@dejour.com
http://www.facebook.com/DejourEnergy
@dejourenergy
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