Dejour’s Plan of Compliance Submitted to NYSE MKT
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, announced that it has submitted, on schedule, a comprehensive plan to NYSE MKT LLC to regain compliance with certain minimum listing requirements as outlined in a letter received by the Company on November 21, 2013.
Dejour’s response included details regarding initiatives intended to increase revenues and reduce expenses as a result of recent strategic planning and pending transactional activity. The execution of the Compliance Plan is expected to be completed within the prescribed timeline (May 2015) and result in meeting both required stockholders’ equity and continuing operations obligations as specified by the NYSE MKT.
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects covering over 80,000 net acres in NW Colorado’s Piceance Basin and 7,000 net acres in NE BC’s Peace River Arch region. The Dejour team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange MKT (NYSE MKT: DEJ) and Toronto Stock Exchange (TSX: DEJ).
Statements Regarding Forward-Looking Information: This news
release contains statements about oil and gas production and operating
activities that may constitute "forward-looking statements" or
“forward-looking information” within the meaning of applicable
securities legislation as they involve the implied assessment that the
resources described can be profitably produced in the future, based on
certain estimates and assumptions. Forward-looking statements are based
on current expectations, estimates and projections that involve a number
of risks, uncertainties and other factors that could cause actual
results to differ materially from those anticipated by Dejour and
described in the forward-looking statements. These risks, uncertainties
and other factors include, but are not limited to, adverse general
economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and geologic data,
competition, reduced availability of drilling and other well services,
fluctuations in oil and gas prices and prices for drilling and other
well services, government regulation and foreign political risks,
fluctuations in the exchange rate between Canadian and US dollars and
other currencies, as well as other risks commonly associated with the
exploration and development of oil and gas properties. Additional
information on these and other factors, which could affect Dejour’s
operations or financial results, are included in Dejour’s reports on
file with Canadian and United States securities regulatory authorities.
We assume no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change unless
otherwise required under securities law.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
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