Business
DualEx announces the commencement of drilling operations at Al Tayr-101
DualEx announces the commencement of drilling operations at Al Tayr-101
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\n\n\n\nOct. 8, 2009 (Canada NewsWire Group) -- CALGARY, Oct. 8 /CNW/ -- DualEx Energy International Inc. (TSX-V: \"DXE\") is pleased to announce that drilling operations commenced October 7, 2009 at the Al Tayr-101 site on the Company's Jebel Nasrani Prospect on Block XVII in the Palmyride Fold Belt of southwest Syria. Al Tayr-101 will be drilled to a depth of approximately 3000 metres and will test a large structure at the Triassic Kurrachine level. Similar structures are known to host substantial gas/condensate reserves in several fields immediately north of Block XVII. The Al Tayr-101 well, expected to take approximately 80 days to drill, is prognosed to fully penetrate the Kurrachine carbonates and is being drilled on the first of eight closed Kurrachine level structures identified in the Company's 2007 seismic program in which 1,105 line kilometres of high quality data was acquired.DualEx holds a 31.67% working interest in the 1.24 million acre Block XVII. Other partners are Stratic Energy (Operator, 35%) and Kuwait Foreign Petroleum Exploration Company KSC (KUFPEC, 33.33%).DualEx Energy International Inc. is an oil and gas exploration company with operations in the greater Mediterranean area. DualEx's common shares trade on the TSX Venture Exchange under the symbol \"DXE\".Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words \"expect\", \"anticipate\", \"continue\", \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\", \"project\", \"should\", \"believe\", \"plans\", \"intends\" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning DualEx's future operations and prospects. The forward-looking statements and information are based on certain key expectations and assumptions made by DualEx, including expectations and assumptions concerning equipment and crew availability, and joint venture partner financial capability. Although DualEx believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking state...