Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) has provided an update on its current development progress under way at the Woodrush/Hunter project (Woodrush) in northeast British Columbia, Canada.
Approval is expected to be forthcoming from the Oil and Gas Commission in the Province of British Columbia to drill two wells as per the company’s 2014 development program. The wells target both the Halfway oil and Gething gas pools known to be productive at Woodrush. The plan is to place both wells online as soon as drilling is complete to expand current field production and reserve values of the subject hydrocarbon pools. A third well is planned for the first half of 2015.
The company will own a 99% working interest in the two new wells and continue as operator of Woodrush. The project encompasses 23,000 gross (17,000 net) acres with three oil wells and six natural gas wells currently operating at Woodrush, and two additional gas wells operating in the adjacent Hunter project in northern British Columbia.