Dejour’s 72% owned federal leases are located in the Piceance Basin near Glenwood Springs.
The initial approvals allow Dejour to prepare access roads, construct a drilling pad and drill the first four of a proposed eight well first phase development of this liquid rich gas project.
Dejour president Harrison Blacker said the approval marks the first step in a development plan designed to provide significant volumes of clean natural gas and natural gas liquids to the market.
"The commencement of a the development of our proven reserve at Gibson Gulch will occur in the fourth quarter," Blacker said.
Dejour is an oil and natural gas company operating multiple exploration and production projects in North America.
