Business
DualEx announces operational update on BHN-1 well in Tunisia
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U...
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, July 18, 2013 /CNW/ - DualEx Energy International Inc.\n (\"DualEx\" or the \"Company\") (TSX-V: DXE), today issued the following\n operational update regarding its BHN-1 exploration well in Tunisia.  As\n previously announced, the Company has reached total depth of 2745\n metres, after penetrating 247 metres of the Abiod chalky limestone\n formation within the planned target area. Due to wellbore instability\n issues caused by sloughing shales from formations overlying the Abiod,\n the Company has deemed it prudent to run the 7\" liner to bottom, after\n which it will then conduct cased-hole wire-line logging operations.\n Setting and cementing of the liner is currently underway.\n\n\nThe BHN-1 well was spud on June 8, 2013 and is the first exploration\n well on the Bouhajla Permit. It is being drilled to evaluate a\n Cretaceous Abiod oil target on the Bouhajla North prospect.\n\n\nAbout DualEx Energy International Inc.\n\n\nDualEx Energy International Inc. is an oil and gas exploration and\n production company with operations in Tunisia and Hungary. DualEx's\n common shares trade on the TSX Venture Exchange under the symbol \"DXE\".\n\n\nForward-Looking Statements\n\n\nThis news release contains forward-looking statements and\n forward-looking information within the meaning of applicable securities\n laws. The use of any of the words \"expect\", \"anticipate\", \"continue\",\n \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\", \"project\", \"should\",\n \"schedule\", \"believe\", \"plans\", \"intends\" and similar expressions are\n intended to identify forward-looking information or statements. More\n particularly and without limitation, this news release contains forward\n looking statements and information concerning DualEx's future\n operations.  The forward-looking statements and information are based\n on certain key expectations and assumptions made by DualEx, including\n expectations and assumptions concerning equipment and crew availability\n and joint venture partner financial capability. Although DualEx\n believes that the expectations and assumptions on which such\n forward-looking statements and information are based are reasonable,\n undue reliance should not be placed ...