Dejour said that it has successfully drilled and cased Well-5 at its Drake project. Production testing of the Halfway sands showed rates of greater than 1.6 million cubic feet of natural gas per day (MMcfd), without any stimulation.
Dejour noted that Well-6 at its Drake project has now reached total depth and has been cased. Evaluation of the prospective zones will commence soon. Dejour owns a 100% interest in both these wells and adjacent lands.
Well-6 will conclude the Drake exploration and development drilling program for the 2007-08 winter drilling season. Dejour plans to place these wells on production prior to breakup, with the gas moving through available pipelines running both east and west from the project area. Pipeline construction continues at the Drake project.
Dejour has four additional drill sites in this area for future development. The company is exploring the possibilities of further significantly greater exposure to natural gas productivity in this area.
