Dejour Reports Q2 2015 Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/11/15 -- Dejour Energy Inc. (NYSE MKT: DEJ)(TSX: DEJ) ("Dejour" or the "Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced its financial results for the three and six month periods ended June 30, 2015.

Q2 2015 Key Financial and Operating Highlights:

1.  Secured $4.5 million in bridge financing from a Director and Officer
    ($2.5 million) and a company associated with the Director and Officer
    ($2.0 million), the net proceeds from which were applied to fund the
    Company's estimated 2015 capital expenditures,

2.  Increased oil and natural gas liquids production during Q2 2015 by 71%
    to 329 BOE/d for the three months ended June 30, 2015 from production of
    193 BOE/d for the comparative period in 2014; and

3.  Finalized construction of major production facilities at Kokopelli in
    the Piceance Basin of Colorado and prepaid the $3.6 million in
    "Authorizations for Expenditure" to fund the Company's 25% share of well
    completion costs for the 8 drilled and cased wells and prepare for the
    commencement of production.


CORPORATE SUMMARY - THREE AND SIX MONTHS ENDED JUNE 30, 2015

----------------------------------------------------------------------------
                                 Three months ended   Six months ended June
OPERATIONS                                 June 30,                     30,
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                                2015   2014  Change     2015   2014  Change
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Production
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 Oil and natural gas liquids
  (bbls/d)                       329    193      71%     287    179      60%
----------------------------------------------------------------------------
 Natural gas (mcf/d)           1,109  2,209     -50%   1,363  2,250     -39%
----------------------------------------------------------------------------
 Combined (BOE/d)                514    561      -8%     514    554      -7%
----------------------------------------------------------------------------

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Realized sales prices (1)
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 Oil and natural gas liquids
  ($/bbl)                      64.22  87.76     -27%   58.15  90.39     -36%
----------------------------------------------------------------------------
 Natural gas ($/mcf)            2.26   5.27     -57%    2.43   6.05     -60%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Operating expenses (2)
----------------------------------------------------------------------------
 Oil operations ($/bbl)        13.02  28.10     -54%   17.03  25.59     -33%
----------------------------------------------------------------------------
 Natural gas operations
  ($/mcf)                       3.13   4.55     -31%    3.54   3.82      -7%
----------------------------------------------------------------------------

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Operating netback (3)
----------------------------------------------------------------------------
 Oil operations ($/bbl)        38.70  44.23     -13%   30.28  49.31     -39%
----------------------------------------------------------------------------
 Natural gas operations
  ($/BOE)                      -5.83  -0.80     633%   -7.03   6.74    -204%
----------------------------------------------------------------------------

----------------------------------------------------------------------------
General and administrative
 expenses ($/BOE)              11.03  15.24     -28%   12.90  16.13     -20%
----------------------------------------------------------------------------
Notes:
(1) Decrease reflected lower benchmark oil and natural gas prices in Canada
    and the rest of the world.
(2) Decrease resulted from the allocation of fixed operating costs over a
    higher oil production volume. This was offset by the costs associated
    with the reactivation of one of the gas wells at Drake/Woodrush and
    higher contractual pipeline transportation costs associated with a new
    contract signed on November 1, 2014.
(3) Decline due to the reduction in oil and natural gas prices.



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FINANCIAL (CA$ thousands,  Three months ended June     Six months ended June
 except per share)                             30,                       30,
----------------------------------------------------------------------------
                             2015     2014  Change     2015     2014  Change
----------------------------------------------------------------------------

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Revenue                     2,152    2,597    -17%    3,622    5,382    -33%
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Royalties                     384      442    -13%      577      953    -39%
----------------------------------------------------------------------------

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Cash flow (1)                 490      -32  1,631%       69      355    -81%
----------------------------------------------------------------------------
Cash flow per share
 (basic)                     0.00    -0.00      0%     0.00     0.00      0%
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Cash flow per share
 (diluted)                   0.00    -0.00      0%     0.00     0.00      0%
----------------------------------------------------------------------------

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Net income (loss)            -503      730   -169%   -1,672   -2,252    -26%
----------------------------------------------------------------------------
Basic ($/common share)      -0.00     0.00      0%    -0.01    -0.01      0%
----------------------------------------------------------------------------
Diluted ($/common share)    -0.00     0.00      0%    -0.01    -0.01      0%
----------------------------------------------------------------------------

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Capital expenditures, net
 of dispositions              572      503     14%    1,861    1,339     39%
----------------------------------------------------------------------------

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Weighted average common
 shares outstanding
 (thousands)
----------------------------------------------------------------------------
Basic                     182,402  163,839     11%  182,402  159,682     14%
----------------------------------------------------------------------------
Diluted                   182,402  209,607    -13%  182,402  159,682     14%
----------------------------------------------------------------------------

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Debt, net of working
 capital                                              5,467    4,381     25%
----------------------------------------------------------------------------
Note:
(1) "Cash flow" is a non-GAAP measure calculated by adding back settlement
    of decommissioning liabilities and change in operating working capital
    to cash flows from (used in) operating activities. See "Non-GAAP
    Measure" below for details.



SUPPLEMENTAL FINANCIAL INFORMATION - NON-GAAP MEASURE

----------------------------------------------------------------------------
                                   Three months ended       Six months ended
                                             June 30,               June 30,
(CA$ thousands)                        2015      2014       2015        2014
----------------------------------------------------------------------------

Cash flows from (used in)
 operating activities                   295      (482)        96          55
Change in operating working
 capital                                195       450        (27)        300
----------------------------------------------------------------------------
Cash flow                               490       (32)        69         355
============================================================================

About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America's Piceance Basin (39,998 net acres) and Peace River Arch regions (14,444 net acres). Dejour maintains offices in Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE MKT: DEJ) and Toronto Stock Exchange (DEJ.TO).

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. Other risks include the Company's ongoing review by NYSE MKT ("the Exchange") to ensure the Company continues to regain compliance with Section 1003(a)(iv) of the Company Guide which addresses a Company's ability to operate as a going concern. 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.

Follow Dejour Energy's latest developments on: Facebook http://facebook.com/dejourenergy and Twitter @dejourenergy

Contacts:
Dejour Energy Inc.
Robert L. Hodgkinson
Chairman & CEO
604-638-5050
[email protected]

Dejour Energy Inc.
Craig Allison
Investor Relations - New York
914-882-0960
[email protected]
www.dejour.com

Source: Dejour Energy Inc.

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