Business
DualEx announces production commencement in Hungary
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About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Aug. 12 /CNW/ - DualEx Energy International Inc. (the "Company")\n(DXE, TSX-V), announces the completion of construction and installation of the\ngas treatment facility and start-up of gas production from the PEN-104 well in\nthe Peneszlek area of the Nyirseg permits in Hungary. The well is currently\nproducing 1.7 MMcf/d (million cubic feet per day) through a 6 mm choke at a\nwellhead pressure of 1334 psi. The Company expects flow rates to be ramped up\nover the next several days as well performance dictates. The PEN-104 well was\ndrilled in late 2006 and the produced gas, after metering at the PEN-104\nfacility, is transported by pipeline to the MOL gas processing facility at\nHajduszoboszlo.\n\n\nDualEx has a 37.5% interest in the project through its equity interest in\nPetroHungaria kft. Other partners are Ascent Resources (45.23%), Geomega (8%),\nLeni Gas & Oil (7.27%), and Swede Resources of (2%).\n\n\nFuture plans for the Nyirseg exploration permits (614,000 gross acres)\ninclude the recording of a 3D seismic survey in the Peneszlek area with the\nobjective of developing additional drill targets, along with the eventual\ntie-in of other currently suspended wells.\n\n\nDualEx Energy International Inc. is an oil and gas exploration company\nwith operations in the greater Mediterranean area. DualEx's common shares\ntrade on the TSX Venture Exchange under the symbol "DXE".\n\n\nForward-Looking Statements\n\n\nThis news release contains forward-looking statements and forward-looking\ninformation within the meaning of applicable securities laws. The use of any\nof the words "expect", "anticipate", "continue", "estimate", "objective",\n"ongoing", "may", "will", "project", "should", "believe", "plans", "intends"\nand similar expressions are intended to identify forward-looking information\nor statements. More particularly and without limitation, this news release\ncontains forward looking statements and information concerning DualEx's future\noperations and prospects. The forward-looking statements and information are\nbased on certain key expectations a...