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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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September 16, 2014
17:57 EDTDEJDejour Energy provides update on Woodrush Project
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September 10, 2014
18:09 EDTDEJDejour Energy updates Kokopelli project drilling
Dejour Energy updated current development underway at the Kokopelli Project. The project is currently on schedule. Dejour maintains a 25% working interest in the Kokopelli Project and is carried for 25% of the first $16M in expenditures. The company has over $2M cash on hand and credit facilities sufficient to fund the balance of its entire 2014 Capex program.

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