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I am very confident that the coming Uranium boom and consequent bubble will be shockingly similar to the Tech boom and bubble of the late 90's.

How? Well at that time, there were hundreds of brand new IPO's coming on the market with nothing more than an idea. And they all went up higher than could ever be rationally possible. But people were not thinking rationally at that time and they won't be again in the resource/uranium bubble.

Masses for some reason love to invest in things they don't have a clue about but since it's going up and everybody is making money in it, it must be good. So Uranium will be the next Tech, I predict.

However, getting back on track for me to tell you about a Uranium junior that really stands out from the crowd in my opinion.

There are now 115 uranium companies in Canada according to latesturanium.com. I have briefly researched most. And almost each one tells me the same story"

They have XX property in XX region which has had great historical drill results in the past; management is very experienced, the company is well funded.

The thing that is missing from nearly all the companies is earnings and profits. Look at most of the company's balance sheets and you will see just how much money they are burning each quarter.

Well with Dejour, you will also see red on the balance sheet.

However, they have the possibility of getting earnings quite soon because not only are they the 5th largest land holder in the Athabasca Basin but they have all kinds of joint ventures in Oil & Gas properties.

On March 30, Dejour's CEO provided the following updates on the company:

Robert L. Hodgkinson, Chairman & CEO, is pleased to provide updates on the Company’s business and exploration activities including its 100% owned Athabasca Basin uranium projects; a new Alberta- based Oil & Gas Joint Venture; its Tinsley and Lavaca oil & gas exploration projects and to report the Company currently has $20 million cash on hand.

Uranium:

Athabasca Basin, Northern Saskatchewan:  The Company reports that its exploration program in the Basin on its 100% owned properties is underway.  The Company is the Operator.  The line cutting work is complete.  The geophysical crew is currently on the Sand Hill Lake Project and expected to move to the Fleming Project during the week commencing April 3, 2006.  Hy-Tech Drilling has mobilized their drill rig to Dejour’s camp site.

R-Seven Project - The first 6 holes will be drilled on the Company’s R-Seven Project comprised of 54,531 hectares (134,739 acres).  Results from the Company’s airborne electromagnetic surveys indicate existence of over 140 kilometers (87 miles) of basement electromagnetic conductors many of which are extensively cross-faulted, suggesting excellent potential for uranium mineralization.  Over $US 10 million was spent on exploration in the past in this area, including drilling of 12 holes.  One of these holes intersected highly anomalous radioactivity as well as extensive clay mineral alteration at the contact of overlying sandstone with basement rocks, at a depth of about 440 meters. Cameco has just completed a drill programme on their Hook Lake project testing conductive horizons which trend on to Dejour’s R-Seven Project.

Meanwell Lake Project – The Company plans to drill 2 holes on this project comprised of 14,989 hectares (37,038 acres).    Results from the Company’s airborne electromagnetic surveys indicate the existence of three conductive zones on the property with potential for uranium mineralization.  Cogema has just completed a winter drilling programme on adjoining properties to the east and west.

Sand Hill Lake Project – The Company plans to drill 7 holes on its Sand Hill Lake Project comprised of 74,312 hectares (183,628 acres).  Results from the Company’s airborne electromagnetic surveys indicate existence of over 75 kilometers (45 miles) of basement electromagnetic conductors many of which are cross-faulted, suggesting excellent potential for uranium mineralization.  After flying the electromagnetic surveys, the Company staked 7 new claims contiguous to its original claims covering newly identified basement conductors to the north and west of the original property.  Dejour views this as a high priority project because it adjoins and is on-trend with the exciting recent discovery by Cameco-Formation Capital of significant uranium mineralization on the adjacent Virgin River property at what is now called the Centennial Zone.

The initial discovery here is in drill hole VR-18, which intersected 5.83% U308 over 6.4 meters including 13.86% U308 over 2.5 meters, where drilling now has extended for a strike length of 100 meters.  The best new drill hole, DDH VR-18W2, a wedge hole off the original discovery hole, VR-18, had 3.9 meters of 8.39% U308 with a maximum grade of 25.6% in the footwall of what is locally called the Dufferin Lake Fault.  Conductors in basement rocks on Dejour’s Sand Hill Lake property were identified near the Cameco-Formation Capital property.  Dejour reports that these conductors are in part associated with faults trending northwest through an area where uranium is enriched in the bottom sediments of several lakes.  All of the conductors here make for prime drilling targets.  The sandstone cover to the important northeast side of the property runs to approximately 700 meters depth, increasing from a depth of 100 meters at the south end of the property.

Summer Exploration Program – At the same time the Company hauled fuel and supplies to the camp site for its Spring Exploration Program the Company also transported additional fuel and supplies to carry out additional drilling and ground geophysics on the Company’s projects during its Summer Exploration Program.  Further details of this additional program will announced in the near future.

Oil & Gas:

Alberta Oil & Gas Joint Venture – The Company has conditionally agreed to a Joint Venture arrangement with Charles W.E. Dove, a company advisory board member since November 2004, and a principal with Dove & Kay Exploration Ltd. of Calgary.  Mr. Dove, a geophysicist, with over 27 years oil & gas experience, is leaving his geophysical consulting business to join with Dejour to identify, generate and pursue certain oil & gas opportunities in the Western Sedimentary Basin.  The Joint Venture is owned and will be funded 90% Dejour with Mr. Dove’s company, Wild Horse Energy Ltd. owning and funding the remaining 10%.  The Joint Venture is scheduled to commence activities effective April 3, 2006.  Dejour will maintain an office at Suite 690, 400 – 5th Ave. S.W. (Roslyn Building), Calgary, Alberta.  The Joint Venture is subject to approval by the TSX Venture Exchange.

Tinsley Deep Prospect, Mississippi:  The Company is advised by the Operator that all the participants of the Merit #1 well have been informed that after 99 days of operations the well is not economic.  The Company continues to evaluate the data to determine the future exploration potential of the prospect.

Lavaca Prospect, Texas:  The Company is advised by the Operator of the Lavaca Prospect that a completion rig has returned to its first well on the prospect.  During December 2005 the well was drilled to 8,200 feet, logged and cased.   The Operator plans to conduct testing of 2 intervals.  The first interval to be tested is an 8 foot section within the Woodford Dolomite formation.  Depending on the outcome from that completion effort, the Operator plans to go up the hole to the Strawn Lime formation to test an interval totaling 27 feet.  The Company will provide further updates as it receives information from the Operator.

Funding:

Following the successful closing and oversubscription to its latest equity financing, reported March 3, 2006, Dejour enters the 2nd quarter of 2006 with approximately CDN $20 million in cash to direct to its high impact energy based exploration projects.  Of this, the Company has $10 million to be allocated towards Canadian exploration expenditures targeting uranium and oil & gas. The remaining $10 million is earmarked for working capital and strategic acquisition.  The Company is free of debt.

About Dejour

Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market’s decreasing conventional supply and increasing demand for energy.  The Company is listed on the TSX Venture Exchange under the symbol (DJE.V).  Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Dejour hit a new 52-week high today on news that they have begun drilling at their Athabasca Basin property:

Robert L. Hodgkinson, Chairman & CEO, is pleased to announce that diamond drilling has commenced on the Company's 100% owned Athabasca Basin uranium projects in the Athabasca Basin, Northern Saskatchewan Canada. The Company's holdings in the Basin comprise nearly 1,000,000 acres (391,000 hectares) contained within 15 Projects. The Company has a total of 68 claims and 4 permits.

Athabasca Basin Drilling Underway

The Company reports that Hy-Tech Drilling collared the first drill hole on Sunday, April 9, 2006. Hy-Tech is contracted to carry out 5000 metres of drilling to test targets on the Company's R-Seven, Meanwell Lake and Sand Hill Lake properties. The targets are defined by Dejour's airborne and ground geophysical work carried out in 2005 and 2006. Drill holes will also test anomalous radioactivity and sandstone alteration intersected during drilling by previous operators.

Now if we take a quick look at their chart, you can see they have performed extremely well:

So with good drill results, Dejour's share price (as with any other junior) could explode. That's a big if but Dejour has those nifty Oil & Gas properties as back up. If they could get production going from the Oil properties and use the cash flow to fund Uranium exploration, that would be unbelievably genius.

If they can pull that off with solid drill results, this stock sees $10+.

They are not yet a pick of mine but they are in the top 5 on my watch list.