Business
DualEx Announces Sale of Portugal Interests And Files 2009 Third Quarter Results
DualEx Announces Sale of Portugal Interests And Files 2009 Third Quarter Results
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\nNov. 27, 2009 (Canada NewsWire Group) -- CALGARY, Nov. 27 /CNW/ -- DualEx Energy International Inc. (the \"Company\") (DXE, TSX-V) is pleased to announce that, effective November 25, 2009, it has sold its entire 10% working interest in the Torres Vedras - 3 and Aljubarrota - 3 Concessions in Portugal, for net cash proceeds of $US 350,000.On the operations front, on Block XVII in Syria (DualEx 31.67%), the Al Tayr 101 well, which spudded on October 7, 2009, is currently drilling ahead in 12 1/4\" hole, is expected to encounter the primary Kurrachine Dolomite target in late December and reach TD at ~3,000 metres in early January 2010.At Peneszlek in NE Hungary, the testing of the PEN-104AA well (DualEx 37.5%) is now scheduled to commence in early December. The operation had been delayed due to equipment and materials availability.DualEx President and CEO, Garry Hides, commented \"our recent financing and the sale of the Portugal assets allows us to focus on our core projects in Hungary, Syria and Tunisia. With no debt and a strong balance sheet we are well positioned to execute our corporate plan.\"Also, the Company today filed with Canadian securities authorities its Third Quarter Financial Statements and Management's Discussion and Analysis for the period ending September 30, 2009. Copies of the filed documents may be obtained through www.sedar.com, DualEx's website www.dualexen.com or by emailing DualEx at [email protected] 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 assumptio...