Dejour Energy Inc. (TSX:DEJ)

Dejour Energy Inc. (TSX:DEJ)

Dejour Energy Inc. (TSX:DEJ) a free oil and gas investigation and creation organization working in North America’s Piceance Basin and Peace River Arch districts, recently reported that its name has changed to DXI Energy Inc. It is foreseen the Company’s shares will start exchanging on the Toronto Stock Exchange and the NYSE MKT under the new name and ticker image “DXI” upon the opening of the business sectors on Friday, October 30, 2015. The Company has likewise gotten another CUSIP number (23286A104) for its shares.

The Company additionally declares the finish of a solidification of the Company’s shares on a “one for five” premise bringing about an aggregate of 36,494,609 issued and remarkable starting today. Its outstanding shares are standing around 44,808,286, while authorized share are unlimited.

It as of late declared its vital arrangement to extend production and enhance operational efficiencies at its center Woodrush venture in NEBC.

As beforehand reported, the Woodrush extend as of now incorporates 4 oil wells and 9 regular gas wells with noteworthy preparing offices and set up pipeline to bolster further extension. The Company possesses a 99% working enthusiasm for these wells and is the undertaking administrator.

Given flow item costs and through basic appraisal of the midway pools on the leasehold, the Company’s architects have discovered that there is a critical potential for oil creation extension by reconfiguration of waterflood operations and specific investigation.

To address this open door and support the monetary record of the Company, DXI arrangements to raise up to C$3 million by means of a non-facilitated value raise at a cost of C$0.12 per offer through the issuance of up to 25 million regular shares. Insiders plan to buy 25% of the proposed issue.
“We are satisfied to advance with our key arrangement to grow oil creation and fabricate long haul manageable operations in Canada. This speaks to a basic establishment venture in our 2016 system as we keep on evaluating extra chances to further influence our Canadian operations for long haul creation and store development,” expressed Robert Hodgkinson, CEO.