Dejour Energy : Investor Q1 2014 presentation

Investor Presentation: Q1 - 2014

NYSE MKT: DEJ TSX: DEJ

Statements Regarding Forward-Looking lnformation: 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 proéluced in the future, based on certain estimates and assumptions. Forward-looking statements are based on current expectations, estir,ate/ 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 generai economie conditions, operating hazards, drilling risks, inherent uncertainties in interpreting 1engìneering and geologie data, competition, reduced availability of drilling and other well services, fluctuations in oil andhas pricesl"and prices for drilling and
other well services, government regulation and foreign politica! risks, fluctuations in the exchange rate betw6en Canadian and US dollars and other currencies, as well as other risks commonly associated with the exprc;';ation arld de:velopment of oil and gas properties. Additional information on these and other factors, which could affect Dejour's operatins or finncial results, are included in Dejour's reports on file with Canadian and United States securities regulatory authorities. We assu,.(e' 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) betgre income tax expense, interest expense and finance fee, and amortization, depletion and accretion. Certain msures in this document do not have any standardized meaning as prescribed by Canadian GAAP such as EBITDA therefore a e 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 arder to previde shareholders and potential investors with add1tional information regarding our liquidity and our ability to generate funds to finance our operations. (/ ./
BOE Presentation: Barrel J oil equivalent amounts have been calculated using a conversion rate of six thousand cubie feet of gas to
one barrel of oii. / The term soE" 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. T: Es are calculated by multiplying the daily production by the number of days in the period.

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April2014 Page2

2014 Growth Driven By Acquisition

 Project Overview:

YE 2013:

 Net reserves valued at $6.1mm

(2P*) on ~7500 net acres, now being updated.

As of Q1-2014:

 ~17,000 net acres

 3 light oil wells/ 6 gas wells plus

4 newly acquired gas wells

 Net production of 150 BO/d and

230 BOE/d gas.

 Additional development opportunities:

 Deeper oil

 Adjacent gas

 Infrastructure economies

*Year End 2013 Reserve Evaluations in accordance with

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

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Liquids-rich / high BTU gas

 71.4% WI in 2200 acres

 ~220 Williams Fork drillable well

locations, including 139 PUD's

 2014 plan consisting of 7-8 Williams Fork wells, subject to financing

 Current position

 4 producing Williams Fork wells

 Gross daily production rate: 280BOE/d

Gross reserves 248 BCF gas and

11.3MMBO/ NGL's,

NPV-10 Dejour value 2P $104.8mm* (YE2013) *Year End 2013 Reserve Evaluations in accordance with Canada's National Instrument 51-101* Standards of Disclosure

Revised enhanced NGL Contract as of

04/01/14

 Deeper high pressure Niobrara resource creating multiple upside potential

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Roan Creek: West Piceance Hi-Pressure Niobrara

 Position:

 1960 net acres

 100% WI

 Prospectivity

 Both WF and hi-pressure Niobrara resource, viable for ~ 100 WF wells and at least 12 high pressure Mancos/ Niobrara vertical wells.

 Proximity:

 Chevron WF production to the north

 OXY WF production to the east.

 Encana Niobrara production to the west (Hz wells ~6BCFe/well)

 Plan:

Currently surveying lease for EA

submission, receipt of APD to drill.

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Total Piceance Potential: WF + Mancos (Incl. Niobrara)

 Kokopelli, Roan Creek, Plateau:

 Net 7,500 acres:

 Potential for up to 90 Niobrara wells

 Potential for over 400 WF wells

Proximity

40+ Niobrara Hz wells

Average est. yield of 6.4 Bcfe/well

1st WPX (Beast) well produced 2 BCF

in 180 days @ ~12 mmcf/d average /

~16BCF in reserves

2nd well tested 11.8mmcf/d

13 more Niobrara Hz wells announced to be drilling through year end 2014

NYSE MKT: DEJ TSX: DEJ

North Rangely: Wildcat Oil Shale Resource

 Prospectivity:

 Potential resource in the Phosphoria

Shale could exceed 100mm BO

20,000 acres, 100% WI

Needs 3D seismic to establish drill

target for a $10mm 15000' Hz test

Rangely field

North Rangely Phosphoria/ Weber Prospect

Historical well data from the 50's to

70's: Phosphoria source rock oil stained 10'-150', hydrocarbon shows documented, possible for thick Weber sand reservoir

 Proximity:

1 BBO Rangely Oil Field, 10 miles to the south, produces from the Weber and Niobrara.

 Serendipity:

Mancos Oil and Gas Shows or Production

Frontier, Dakota, Morrison Up Hole Oil and Gas Shows or Production

Phosphoria/Weber Oil Staining - Core or American Strat. Log

Mobil # 1 Gov't Phosphoria Oil Test

 Multi-zonal alternatives in the Morrison, Dakota, Niobrara, Weber

NYSE MKT: DEJ TSX: DEJ

Property & Equipment

P+P B.C. - Woodrush 6,100

Proven Colorado- Koko 87,300

Probable Colorado - Koko 21,000

$114,400

Exploration assets, including Kokopelli acreage 13,000

Tax losses and pools ($163mm) 5,600

Less:

a) Net working capital deficiency (incl. demand bank loan) 8,900 b) Loan facility 4,900 c) Decommissioning liability 1,200

15,000

Number of Shares Apr/14 Basic 162,000,000

NAV / Share 0.73

NYSE MKT: DEJ TSX: DEJ

Corporate Snapshot

Trading Exchanges Liquidity

NYSE MKT /// TSX:DEJ 2.5 MM shares/day (combined avg. / 90 days)

Shares O/S Market Cap

162 MM basic / 200 MM fully diluted US$44 MM

Analyst Reports

SeeThruEquity Initial Target - US $0.53 Zacks Current Target - US $0.50

Summary

 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

 High risk/potential Phosphoria resource oil exploration leases (32,000 acres) also in inventory

 Proven producing, undeveloped and probable reserves (independently engineered) currently 2.5x

market cap, with substantial resource indicated upside

 Two-pronged growth profile:

a) NGL rich Williams Fork development fosters sustainable, leveraged returns and growing cash flow from operations, and

b) High deliverability resource potential from Niobrara to offer "significant upside"

 NEBC O&G lands re-emerging as lucrative with pricing shift / acquisition

NYSE MKT: DEJ TSX: DEJ

Contact

Robert L. Hodgkinson Chairman & CEO Vancouver, BC Canada

1-604-638-5055 rhodgkinson@dejour.com

David Matheson

CFO

Vancouver, BC, Canada

1-604-638-5054 dmatheson@dejour.com

Craig Allison Investor Relations NYC, New York

1-866-888-8230 callison@dejour.com

Follow Dejour Energy's

latest developments on:

http://www.facebook.com/DejourEnergy

@dejourenergy

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