The company will use the $6.5m fund to complete the first Kokopelli well and drill and complete about three additional wells in the beginning of 2013.
Dejour will also use the fund to contribute its interest in Federal Well 6-7-16-21, which was spud in November, as well as to complete the program.
Once the fund receives 125% of payout on the initial capital contribution from gas and liquids sales, Dejour will receive an infrastructure usage fee of 20 cents per million cubic feet of gas production from the wells and a 25% reversionary interest.
Dejour COO Hal Blacker said, "This funding package benefits Dejour by kick starting the development of the 220 potential wells at Kokopelli with no additional cash contribution required from the Company."
The company holds its 72% working interest in the overall 2200 acres at Kokopelli, including all the deep rights.
