Dej april2015

NYSE MKT: DEJ TSX: DEJ

First Location in Kokopelli Field

Production at Kokopelli

Corporate Presentation

Q1 2015

Kokopelli Project Pad 21B


Disclosure Statement

Statements Regarding Forward-Looking Information: This presentation 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. We assume no obligation to update forward-looking statements should

circumstances or management's estimates or opinions change unless otherwise required under securities law.

Non-GAAP Measures: This presentation contains references to non-GAAP measures as follows:

EBITDA is a non-GAAP measure defined as net income (loss) before income tax expense, interest expense and finance fee, and

amortization, depletion and accretion. Certain measures in this document do not have any standardized meaning as prescribed by

Canadian GAAP such as EBITDA therefore are considered non-GAAP measures. These measures may not be comparable to similar

measures presented by other issuers. These measures have been described and presented in this document in order to provide

shareholders and potential investors with additional information regarding our liquidity and our ability to generate funds to finance our

operations.

BOE Presentation: Barrel of oil equivalent amounts have been calculated using a conversion rate of six thousand cubic feet of gas to one

barrel of oil. The term “BOE” may be misleading if used in isolation. A BOE conversion ratio of one barrel of oil to six MCF of gas is based

on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well

head. Total BOEs are calculated by multiplying the daily production by the number of days in the period.


2013

Foundation Production Commences at Kokopelli

•Secured $6.5mm from Drill Fund to support the drilling & completion of 4 Williams Fork Wells

•Established PDP reserves and held land – held by production

•Defines type curve of WF production at 1.25BCFe incl. 150k barrels NGL/oil

2014

Secondary Development Drives North American Projects

•Closed $20M JV at Kokopelli to drill additional 7 WF, 1 Mancos and 1 PWD well/ retire all US debt Dejour retains a 25% WI.

•New Mancos discovery at 11,000-13000’. Logs indicate strong presence of gas

•YE 2014 2P Reserves – Kokopelli US$ 47.5mm

•See significant resource potential at Roan Creek

•Acquisitions:•Woodrush bolt on Hunter Project including wells, infrastructure and processing facilities

•Woodrush additional WI, now 99%WI

•Drilled one oil well and one Gething gas well

•YE Total Reserves post sale:

•NPV-10 C$65mm avg.

2015

Building Production

•Expect 26 producing wells:•4 oil wells and 9 gas wells at Woodrush/Hunter with production over 700 BOE/d

•11 liquids rich WF wells at Kokopelli plus

•A successful Mancos test to validate reserve additions

•Potential for 220 Williams Fork locations and 40 Mancos well sites at Kokopelli

•2.6% WI in Wiley project JV commences production – 5 additional locations proposed –24,000 gross acres

•Enter 2015 with Cdn. $65mm in 2P reserves at Kokopelli and Woodrush

•Production profile forecast:1200+ BOE/d (26 wells) with Kokopelli completions in Q3

Milestones and Development Summary


Property PortfolioLocated in North America’s Piceance Basin (45,425 net acres),

and Peace River Arch Regions (19,000 net acres)

Kokopelli Liquids Rich

Natural Gas

Dejour retains a

25% WI, retires all

US debt

Carried through a

$16mm drill

program

Current:

4 Wells in Production since Q3 2013 (7.2% WI)

2014 Program: 7 new WF wells plus 1 Mancos well

drilled (New discovery)

Production expected in Q3 2015

2015 Program: Add’l Mancos well planned

Woodrush/ Hunter Oil and

Natural Gas

99% ownership 4 Oil wells and 9 Natural Gas wells

2015: estimate 700+ BOEPD (1/26/15)

Roan Creek

Prospect

Mancos Gas

Development

100% Logistically located among 28 new Mancos

producers SW Piceance

APD filed to 2015 drilling

Plateau WF/Mancos

Gas

100% 1260 acres unitized with Encana, plus

1740 acres adjacent to Laramie Buzzard unit

Pinyon Ridge Niobrara Oil 2.60% WI

DEJ carried for

$500k in program

Unitized with Endeavour

In production @ 600 BO/d plus 1.7mmcfgpd

5 additional locations


Woodrush: NE BC - Growth Driven By Acquisitions & Drilling

As of Q3-2014: ~19,000 net acres Legacy 99% WI in 4 light oil wells/ 9

gas wells Net 2P reserves valued at $5.8mm Gross production of 700 BOEPD

(1/26/15) estimated Additional development leveraging

$13mm in place infrastructure including:

Halfway pool optimization Notekewin gas addition Gething gas expansion Infrastructure efficiencies Areal ‘Halo’ exploitation

Project Overview

*Year End 2014 Reserve Evaluations in accordance with

Canada’s National Instrument 51-101* Standards of Disclosure


Kokopelli: 12 Well Production Base with Mancos Upside

Liquids-rich, high BTU gas$20 mm JV closed on June 30, 2014

DEJ retains 25% WI in 2200 acres

220 Williams Fork well sites, including 139

PUD’s and >30 Mancos well locations

4 producing WF wells/ 1 PWD well

Drilled/cased 7 Williams Fork wells plus 1

Mancos 13000’ indicated new discovery

Completion and tie in expected in Q3 2015

2015 Production ProfileEstimate >500 BOE/d net production to DEJ

in Q3 2015 from current 8 well program

Net 2P reserves value: C$57.5mm from

Williams Fork only

Important proven reserve enhancement from

deeper Mancos expected with successful

completion. Best lower Mancos logs in the

area.

2015 CAPEX Program Additional Mancos Well on Garfield lease*Year End 2014 Reserve Evaluations in accordance with Canada’s National

Instrument 51-101* Standards of Disclosure


Roan Creek: West Piceance Hi-Pressure Niobrara Gas

Lease position

1960 net acres, 100% WI

Prospectivity

8-10 high pressure Mancos/ Niobrara 8200’

vertical / Hz wells.

Independent contingent/ prospective

estimate of 67.5 BCF recoverable*

*Gustavson July 2014 report

Proximity

New Black Hills Hz Mancos production to

the south @ 8000’ showing 5-9BCFe+

EUR’s per well. 4 more wells licensed.

Encana Niobrara production to the west (Hz

wells ~6BCFe/well)

OXY WF production to the east.

Chevron WF production to the north

Plan

EA submitted, APD to drill in 2015-16


Other Active Dejour Colorado Leaseholds

Pinyon Ridge Project2.60% carried WI thru second well.

Endeavour Corp created Wiley unit on

24,000 acres including DEJ lands.

DEJ carried for $500k in operations.

First HZ well drilled to 18200’ now

producing @ 600 bo/d and 1.7mmcfg/d

Five additional locations confirmed /32

potential locations

Plateau Prospect 100% WI in 3000 acres prospective for

WF and Mancos gas

1260 acres unitized with Encana

1740 acres working on a new unit

Two years until expiry

Offsets Piceance Energy and OXY

production base

adjacent to 3 high volume vertical

Mancos wells

X


Financial Performance

2014 Highlights - Year to Date

7% Increase in Average Annual Production to 496 BOEPD

10% Increase in Revenue to $7.6 mm

Positive Operating Cash Flow of $252,000

Closed $20mm Kokopelli JV

Retired all U.S. secured debt ($3.5mm)

Catalysts for 2015 Performance

Production ramp at Kokopelli- 25%WI in 8 new wells with completion in Q3 2015 (seven

Williams Fork and one Mancos)

Significant improvement for NGL Contract at Kokopelli (4/1/14) increases netbacks per BOE

90% reduction in Dejour USA G&A expense by mid 2015

Hunter Acquisition (3/26/14) + Acquisition of 24% WI of Woodrush (Effective June 1, 2014) +

successful Q4 2 well drill program boost production base of Canadian operations to 700BOE/d

Targeting 1200+ BOE/D by Q3 2015 from existing wells

Balance sheet significantly improved / US debt eliminated

*Year End 2013 Reserve Evaluations in accordance with

Canada’s National Instrument 51-101* Standards of Disclosure


Corporate SnapshotTrading Exchanges: NYSE MKT /// TSX: DEJ

Liquidity: 0.700 mm shares/day (3 month combined average)

Shares O/S: 180 mm basic / 215 mm fully diluted

Market Cap: US$ 36 mm

Corporate debt: C$2.0 mm facility

Analyst Reports: SeeThruEquity: Revised Target: US $0.66

Zacks: Revised Target: US $0.51

Casimir Capital: Initial Target: US $0.50

Key Colorado exploitation leases host over 400 drill locations, with ~ 7,500 net acres productive in multiple reservoirs adjacent to major oil and gas producers, drilling active

Proven producing, undeveloped and probable reserves (independently engineered) indicate substantial resource upside with a successful Mancos test at Kokopelli, Roan Creek or Plateau

Two-pronged growth profile for the Piceance assets:

a) Develop NGL rich Williams Fork to provide sustainable returns and solid cash flow to finance future drilling leverage, and

b) Test and produce the high deliverability resource potential from Mancos/Niobrara, the new focus for “significantvalue upside” in the Piceance Basin

Exploit NE BC lands production improvement via 2015 acquisition plan

De-risk the high potential Phosphoria resource project (12,000+ acres) with planned 3D seismic

Value Proposition


Contact Information

Robert L. HodgkinsonChairman & CEO

Vancouver, BC Canada

1-604-638-5055

[email protected]

David Matheson CFO

Vancouver, BC, Canada

1-604-638-5054

[email protected]

Craig Allison Investor Relations

NYC, New York

1-866-888-8230

[email protected]

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Dej april2015