BabyBulls.com is pleased to report that on November 17, 2008 Dejour Enterprises announced a joint venture for their Piceance Basin project area with Laramie Energy LLC for a drilling program involving approximately 22,000 gross acres (15,700 net to Dejour) of Dejour leasehold interest land on the northwest edge of the Piceance Basin. Under the terms of the agreement, Laramie will begin a continuous drilling program on the Dejour leases in the second half of 2009 and will have the right to earn up to 55% of the acreage covered under the agreement by completing at least four commercially productive wells.

This is great news for Dejour as it opens up another prime exploration project on Dejour land that will be funded by an outside party, and will benefit Dejour and its shareholders in the event of a discovery. From a recent Dejour corporate presentation, the Company is projecting 2009 net revenue of between $22 and $28 million based solely on current discoveries. So with Dejour actively drilling in their Peace River Arch Basin to further known discoveries which are currently producing, and focusing internal resources on a plan to drill multiple wells to the Williams Fork formation at Gibson Gulch and Roan Creek (also in the Piceance Basin) and Laramie Energy providing new capital for exploration drilling on this new JV, the potential for new discoveries at Dejour remains solid for 2009.

Commenting on the announcement Harrison Blacker, Dejour's President & COO stated: "The agreement with Laramie Energy II LLC is a result of the business strategy that was implemented earlier this year to divide our acreage position into focus, or business areas, and to move forward on multiple fronts over the next several years. We continue to vigorously pursue this strategy and have discussions underway with a number of other operators in the area, that we hope will lead to the announcement of additional joint activities on our leases in the near future."

Also commenting in the release, Dejour Enterprises Chairman and CEO, Bob Hodgkinson stated "We are particularly pleased to be able to make this announcement today as it demonstrates, in a time of uncertain markets, an independent confirmation of the value of Dejour's acreage position in Utah and Colorado." This is the second JV Dejour has announced for their Piceance Basin project over the past few months - the first of which is with Fidelity Exploration & Production Co. (a subsidiary of NYSE: MDU) on 14,000 acres (25%) in the Northern Paradox Basin, within the Piceance Basin.

The Piceance Basin is one of, if not the premiere location in North America for natural gas/oil exploration with over 300 TCF of gas estimated to be contained in the basin. Dejour maintains a large land position in the basin of 128,000 net acres (45% of 289,000 gross acres) and is the operator on 120,000 acres.

About Dejour Enterprises Ltd.

Dejour Enterprises Ltd., an active micro cap oil and natural gas explorer and producer, strategically assembles and develops North American energy properties. The company has 150,000 net acres of premium energy assets in two of North America's most prolific areas. Flagship properties encompass 128,000 net acres in the U.S. Rocky Mountains and 22,000 net acres in Canada's Peace River Arch.

About Laramie Energy LLC

Laramie Energy II, LLC ("Laramie Energy" or the "Company") is a Denver-based company primarily focused on finding and developing natural gas reserves from unconventional gas reservoirs within the U.S. Rockies. Its predecessor company, Laramie Energy, LLC (now referred to as "Laramie I"), sold all of its oil and gas assets in May 2007 to Plains Exploration & Production Company, Inc.

A recent company presentation for Dejour Enterprises that was given at the Rodman and Renshaw Energy Track Conference in New York is available at: http://www.dejour.com/_pdf/DejourRodmanNov08.pdf

Additional information on Dejour is available at: www.dejour.com

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-- Sprott Resource Corp (TSX:SCP) closed yesterday at $1.97 per share on trading volume of 88,968 shares.

In a press release dated November 18, 2008, Sprott Resource Corp announced that they had acquired beneficial ownership of 12,918,750 common shares of Tournigan Energy Ltd. (TSXV:TVC), representing approximately 10.53% of the outstanding Common Shares, on November 11, 2008 through the facilities of the Toronto Stock Exchange. These Common Shares are held through SRC's discretionary managed account with Sprott Asset Management Inc. Sprott Asset Management Inc. is the portfolio manager of the managed account and exercises control and direction over the Common Shares.

About Sprott Resource Corp

SRC is a Canadian based company, the primary purpose of which is to invest, directly and indirectly, in natural resources. Through acquisitions, joint ventures and other investments, SRC seeks to provide its shareholders with exposure to the natural resource sector for the purposes of capital appreciation and real wealth preservation. SRC is well positioned to draw upon the considerable experience and expertise of both its Board of Directors and Sprott Consulting Limited Partnership (SCLP), of which Sprott Asset Management Inc. is the sole limited partner. Pursuant to a management services agreement between SCLP and SRC, SCLP provides day-to-day business management for SRC as well as other management and administrative services.

--- BPI Energy Holdings (AME:BPG) closed yesterday at $.07 per share on trading volume of 568,465 shares.

In an announcement on November 18, 2008, the Company announced that on Nov. 17, 2008 it received notification from the NYSE Alternext US LLC ("Exchange"), formerly the American Stock Exchange (AMEX), that the company no longer complies with one or more of the Exchange's continued listing standards and that its securities are, therefore, is subject to being delisted from the Exchange. The Exchange halted trading in BPI's common stock on Nov. 6, 2008.

About BPI Energy Holdings

BPI Energy (BPI) is an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, which covers approximately 60,000 square miles in Illinois, southwestern Indiana and northwestern Kentucky. The company controls a large CBM position in the Illinois Basin at approximately 534,280 acres.

-- Cano Petroleum, Inc. (AMEX:CFW) closed yesterday at $0.44 per share on trading volume of 294,859 shares.

On November 18, 2008 Cano Petroleum announced that the Company would be presenting at the Canaccord Adams Global Energy Conference at 4:05 p.m. (EST) on Wednesday, November 19, 2008 in Miami, Florida and also plans to present at the Houston Energy Financial Forum at 3:40 p.m. (EST) on Thursday, November 20, 2008 in Houston, Texas.

About Cano Petroleum:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano's primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

-- Kodiak Oil and Gas, Inc. (AMEX:KOG) closed yesterday at $0.48 per share on trading volume of 793,752 shares representing an increase in $0.03 per share.

On November 18, 2008 Kodiak Oil and Gas announced that its Horseshoe Basin Unit well, HSB #5-3 (non- operated, 50% WI; 41.7% NRI), was recently connected to sales. During the first 6.5 days of production, the well produced 3,836 barrels of condensate and 21.7 million cubic feet of natural gas (MMcf).The Company reported that currently the well is producing 412 barrels of condensate and 2.19 MMcf of natural gas equivalents per day on a 24/64" choke with 850 psi flowing casing pressure. The well was initially drilled and completed by Kodiak in November 2007. Devon Energy now operates the well as part of the first quarter 2008 Vermillion Basin Exploration Agreement. Drilling activity continues as noted in the Company's last operations update, with drilling operations continuing on two horizontal wells.

About Kodiak Oil and Gas

Denver-based Kodiak Oil & Gas Corp. is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains. For further information, please visit http://www.kodiakog.com. The Company's common shares are listed for trading on the NYSE Alternext US Exchange under the symbol "KOG."

BabyBulls.com profiles early stage microcap and growth stocks that provide innovative products or services resulting in potentially "exceptional upside growth" opportunities. Often, these companies have yet to be recognized by Wall Street and the undiscovered nature of BabyBulls.com's profile companies provide our members the opportunity to learn about these companies at their development stage, and more importantly before they possibly "turn the corner" and get exposed to a much larger investing audience.

Babybulls.com (www.babybulls.com) has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by BabyBulls.com to be accurate, and should not be considered to be all-inclusive. BabyBulls.com is a leading information resource for evaluating investment opportunities in small and microcap stocks. We focus on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else on the Internet. To feature a company or to get more information, please visit us at www.babybulls.com or email us at info@babybulls.com BabyBulls.coms affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. BabyBulls.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. BabyBulls.com has the following compensation arrangements with the companies profiled or mentioned in this press release: Dejour three thousand dollars per month and one hundred and twenty five thousand options. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BabyBulls.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities mentioned herein. To view full disclaimers, go to http://www.babybulls.com/disclaimer.htm.

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