•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Dejour secures $1.5 million for Woodrush development

    Dejour Energy Inc.

    Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ) has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to support the company’s third-quarter 2014 Woodrush development plan. This program encompasses reworking several existing wells to enhance productivity and involves drilling additional wells in an effort to expand production and associated reserves.

    On March 26, Dejour acquired certain natural gas producing assets and related processing facilities adjacent to its Woodrush oil field located 120 kilometers north of Ft. St. John, British Columbia, Canada. On July 3, the company closed on its acquisition of an additional 24% working interest in the company’s legacy Woodrush operation. As of the end of the second quarter, the field produced an average of 475 boe/d.

    In connection with the offering, the company plans to issue 6,000,000 units at a price of US$0.25 per unit. Each unit consists of one common share of the company and one full warrant to purchase one common share. Each warrant will be exercisable to purchase one common share at an exercise price of US$ 0.35 per share until Dec. 31, 2015, subject to early acceleration. Completion of the offering, which is expected to occur on or about Aug. 15, is subject to satisfaction of customary closing conditions including, but not limited to, the approval of the TSX and the NYSE MKT.

     

    Most Popular

    Related Articles

    EnCap Flatrock invests up to $750M in Moda Midstream

    03/17/2015

    Moda Midstream LLC, a liquids terminaling and logistics provider, has secured an initial equity commitment of $750 million from EnCap Flatrock Midstream and the Moda management team.

    Williams Partners issues notice of redemption of senior notes

    03/16/2015 Williams Partners LP and ACMP Finance Corp. have issued a notice of redemption to holders of the issuers’ 5.875% senior notes due 2021, stating that the issuers will redeem all of the outstanding n...

    Callon closes common stock offering

    03/16/2015 Callon Petroleum Co. has closed its underwritten public offering of 10,350,000 shares of its common stock, including 1,350,000 shares sold to the underwriter pursuant to its option to purchase addi...

    Dejour secures C$2M bridge loan, adds board member

    03/13/2015 Dejour Energy Inc. has closed the initial tranche of an industry-standard bridge loan commitment of up to C$2 million from a principal and director of the company. In additional company news, James...

    Goodrich closes senior secured note offering

    03/13/2015 Goodrich Petroleum Corp. has closed its offering of $100 million aggregate principal amount of 8% senior secured notes issued at par due 2018. Net proceeds from the offering totaled approximat...

    Sunoco Logistics Partners prices public offering of common units

    03/12/2015 Sunoco Logistics Partners LP has priced its public offering of 13,500,000 common units at $41.76 per unit. The underwriters of this common unit offering have been granted an option to purchase up t...

    More Oil & Gas Financial Articles

    EnCap Flatrock invests up to $750M in Moda Midstream

    Tue, Mar 17, 2015

    Moda Midstream LLC, a liquids terminaling and logistics provider, has secured an initial equity commitment of $750 million from EnCap Flatrock Midstream and the Moda management team.

    Williams Partners issues notice of redemption of senior notes

    Mon, Mar 16, 2015

    Williams Partners LP and ACMP Finance Corp. have issued a notice of redemption to holders of the issuers’ 5.875% senior notes due 2021, stating that the issuers will redeem all of the outstanding notes for cash on April 15, at a redemption price equal to 104.406% of the principal amount of the notes.

    Callon closes common stock offering

    Mon, Mar 16, 2015

    Callon Petroleum Co. has closed its underwritten public offering of 10,350,000 shares of its common stock, including 1,350,000 shares sold to the underwriter pursuant to its option to purchase additional shares, which the underwriter exercised in full on March 12. 

    Dejour secures C$2M bridge loan, adds board member

    Fri, Mar 13, 2015

    Dejour Energy Inc. has closed the initial tranche of an industry-standard bridge loan commitment of up to C$2 million from a principal and director of the company. In additional company news, James Dai has been invited to join the board of directors.

    Goodrich closes senior secured note offering

    Fri, Mar 13, 2015

    Goodrich Petroleum Corp. has closed its offering of $100 million aggregate principal amount of 8% senior secured notes issued at par due 2018. Net proceeds from the offering totaled approximately $98 million.  

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ