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Stock Market & Financial Investment News

News Breaks
January 28, 2014
05:05 EDTDEJDejour Energy granted NYSE MKT listing exension on compliance plan
Dejour Energy reports that pursuant to a notice received on November 21, 2013 from the NYSE MKT staff indicating that because the company was below certain of the Exchange’s continued listing standards due to reported stockholders’ equity of $3.98M as at September 30, 2013 being less than $4M and reported net losses in three of its four most recent fiscal years and Reported stockholders’ equity of $3.8M as at September 30, 2013 less than the $6M minimum requirement, and reported net losses in its five most recent fiscal years, being sustained losses which were substantial in relation to its overall existing financial resources and that it appeared questionable, in the opinion of the NYSE MKT, as to whether the Company would be able to continue operations and/or meet its obligations in the future, as set forth in Section 1003 (a) (ii) (iii) (iv) of the NYSE MKT Company Guide. The company was afforded the opportunity to submit a plan of compliance to the Exchange and on December 23, 2013, January 10, 2014 and January 23, 2014 presented that plan to the Exchange. On January 27, the Exchange notified the company that it has accepted the company’s plan of compliance and granted the company an extension until April 4.
News For DEJ From The Last 14 Days
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April 15, 2014
16:32 EDTDEJDejour Energy sees 60% increase in net production at Woodrush
Dejour Energy announced that gross daily production at its Woodrush project in NE British Columbia is currently 540 boepd, 380 net, an increase of 60% over average gross daily production during Q4 2013 of 316 boepd, 237 net. As previously reported on March 26, the company closed the purchase of certain natural gas producing assets and related processing facilities adjacent to its Woodrush oilfield 120 km. north of Ft. St. John, B.C. The assets acquired include a 54% working interest in a currently producing Halfway formation well and a 74% working interest in 3 shut-in Halfway natural gas wells. One of those wells has now been reactivated and is producing an additional ~1mmcf/d into the Company’s sales line at Woodrush. The company is analyzing the best procedure for reactivating the remaining wells. Proven Developed Producing reserve additions are now being calculated. In accordance with NYSE Regulation reporting requirements, the company announces that the “Independent Auditor’s Report” on the company’s Consolidated Financial Statements for the Year Ended December 31, 2013 contains, without qualifying the Auditor’s audit opinion, standard comments as to the company’s ability to continue as a “going concern.”

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