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Stock Market & Financial Investment News

News Breaks
June 24, 2014
16:36 EDTDEJNYSE extends Dejour Energy compliance plan period
Dejour Energy reported the NYSE, in a letter dated June 18, confirmed the company has resolved the continued listing deficiencies with respect to Sections 1003(a)(ii) and (iii) of the NYSE MKT Company Guide regarding minimum stockholders’ equity. The Exchange also confirmed that the company has made a reasonable demonstration of its ability to regain compliance with Section 1003(a) (IV) of the company Guide which addresses a listing company’s ability to continue operations and/or meet its obligations as they occur. The Exchange has granted the company until July 15, 2014 to submit an updated “Plan of Compliance” addressing Section 1003(a)(iv). The company’s original “Plan of Compliance” was submitted on December 23, 2013 and accepted by the Exchange on January 27, 2014. In that letter, the Exchange granted the company an extension to regain compliance with Section 1003(a)(iv) until April 4 and, by letter dated April 17, an additional extension was granted to June 6. Failure to make progress consistent with the “Plan of Compliance” or to regain compliance with the continued listing standards by the end of the applicable extension periods could result in the company’s shares being delisted from the Exchange. The company is diligent in its effort to ensure compliance with Exchange requirements within the period granted. Approval has been given to continue its listing pursuant to the extension to allow the company to conclude these efforts, subject to periodic review by the Exchange.
News For DEJ From The Last 14 Days
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January 13, 2015
17:08 EDTDEJDejour Energy provides update on Woodrush/Hunter Project
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January 12, 2015
09:17 EDTDEJDejour Energy updates development progress at Woodrush/Hunter project
Dejour Energy updates current development progress underway at the Woodrush/Hunter Project in NE British Columbia. Dejour will initiate production from its new Gething discovery this coming week at rates in excess of 1 mmcf/d. Initial production being flared demonstrated excellent flow rates with over 1500 kPa of pressure, through a restrictive 9mm choke. This new well confirms the extension of a blanket Gething zone in accordance with revised mapping by Dejour’s geological team, thought to cover at least several sections of land under lease. The company owns a 99% working interest in this well and is the project operator.

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