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DualEx Announces Hungarian Well Completion Results & Tunisian Operational Update
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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, July 10, 2012 /CNW/ - DualEx Energy International Inc.\n (\"DualEx\" or \"the Company\") (TSX-V: \"DXE\") is pleased to announce that\n completion operations at its 40.44% owned PEN-105A well in the\n Penészlek field of northeastern Hungary have concluded and the well is\n back on regular production.  In all, 24 metres of Miocene\n volcaniclastic reservoir has been perforated in seven intervals from a\n gross section of 59 metres.  Perforations were conducted in stages with\n each stage being flow-tested prior to the next stage being perforated. \n DualEx and its partners had originally considered conducting a small\n acid stimulation of the initial perforated interval but have decided\n that due to the strong well response in the newly-perforated sections\n such a stimulation, at this point, is unnecessary.  During the PEN-105A\n completion, production at the PEN-101A well was intermittently\n suspended to allow for stand-alone metering of the PEN-105A zones as\n they were perforated.  Production is currently limited to approximately\n 2 MMscfd due to constraints at the third-party facility into which both\n the PEN-105A and PEN-101A wells produce.  DualEx and its partners are\n currently in discussions with the facility operator to remedy the\n facility bottleneck that would allow for greater production from the\n Penészlek wells.\n\n\n\"The results at PEN-105A are very positive given the significantly\n thicker pay section encountered in this well. This should result in\n increased reserves and prolonged production from the Penészlek field,\n which, given the robust gas price environment in Eastern Europe, bodes\n well for near and medium term revenues,\" said DualEx President & CEO\n Garry Hides.\n\n\nIn Tunisia, DualEx continues to work toward a September-targeted\n commencement date for the drilling of the BHN-1 well to test an Abiod\n fractured chalk prospect at Bouhajla North.  Drilling rig tenders have\n been received and ancillary services tenders have been delivered to the\n various suppliers.  Long-lead items such as tubulars have been ordered\n and are expected to arrive in-country in August.  In addition, work is\n underway to...