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DualEx Announces Expansion of Tunisian Permit & 2011 Year End Results
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About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, April 12, 2012 /CNW/ - DualEx Energy International Inc\n (\"DualEx\" or \"the Company\") is pleased to announce that the Tunisian\n Ministry of Industry and Energy's Comite Consultatif des Hydrocarbures has approved DualEx's application to expand the Bouhajla Permit, which\n is located onshore in northeast Tunisia.  The area of the expansion\n represents an increase of 120 km2 or 29% of the area of the original Bouhajla Permit.  In consideration\n for the increase, DualEx committed to the recording of a minimum 20 km2 of new 3D seismic.\n\n\n\"We have coveted this new acreage since our first involvement in the\n area, however the land was held by another operator and only recently\n became available,\" said DualEx President & CEO Garry Hides. \"We view\n this as a very positive addition to our existing Bouhajla holdings and\n plan to move forward with several ideas regarding the exploration of\n these new lands.\"\n\n\nThe expansion area lies south of the Company's Bouhajla North prospect\n on which a 55 km2 3D seismic survey was recently completed.  Processing and\n interpretation of that survey is currently under way. The permit\n expansion will be finalized upon publication in the official Government\n Gazette.\n\n\n2011 Year End Results\n\n\nThe Company also announces that it has filed with Canadian securities\n authorities its 2011 Annual Consolidated Financial Statements and\n Management's Discussion and Analysis, along with its Annual Information\n Form dated April 10, 2012.  Copies of the filed documents may be\n obtained by visiting www.sedar.com, DualEx's website www.dualexen.com or by emailing DualEx at [email protected]. The Company's Annual General Meeting of Shareholders is scheduled for\n 9:00 AM June 21, 2012 at the Metropolitan Conference Centre located at\n 333 - 4th Avenue SW, Calgary Alberta.\n\nHighlights\n\n\n \n\n\n \n\n\nYear ended\n\n\n \n\n\nDecember 31\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\nPetroleum and natural gas production (mcfe/d)     \n\n\n725\n\n\n \n\n\n768\n\n\nAverage price ($/mcfe)\n\n\n$        11.72\n\n\n \n\n\n$   &#...