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DualEx Announces Tunisia Exploration Block
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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, Feb. 20 /CNW/ - DualEx Energy International Inc. (TSX-V: "DXE")\nis pleased to announce that its bid for the Bouhajla Exploration Block in\nEastern onshore Tunisia has been approved by the Tunisian Ministry of Industry\nand Energy's Comite Consultatif des Hydrocarbures. DualEx's bid entails the\nissuance of a Production Sharing Contract ("PSC") that would see DualEx\nundertake a minimum of 100 kilometres of new 2D seismic within the first two\nyears of the term, and the drilling of a minimum of one exploration well\nwithin the succeeding two years. DualEx will hold 100% of the contractor share\nand would be the operator. The issuance of the PSC is subject to finalization\nof the detailed terms and Government ratification.\n\n\nThe Bouhajla Block lies in the western portion of the Pelagian Basin east\nof the North-South Axis, a major tectonic boundary in northeastern Tunisia.\nApproximately 275 line kilometers of 2D seismic of various vintages lie within\nthe block boundary and from this data a number of structures have been\nidentified at the Upper Cretaceous (Maastrichtian) Abiod level including\nfaulted anticlines, salt diapirs, and tilted fault blocks. The Abiod formation\nis a fractured chalk with significant flow capacity.\n\n\nThe eastern boundary of the 416 km(2) Bouhajla Block lies 7 kilometres\nwest of the prolific Sidi el Kilani field. Discovered in 1989, Sidi el Kilani\nis a well-documented faulted anticline that has produced (to date)\napproximately 47 million barrels of light gravity crude oil (41 degrees API)\nfrom six producing wells in the Abiod formation. Production rates of up to\n9300 barrels of oil per day have been observed in an individual wellbore at\nSidi el Kilani.\n\n\nGarry Hides, DualEx's President and CEO commented, "We're very pleased to\nhave been awarded the Bouhajla Block. This Block will provide DualEx with an\noperated exploration project in an established hydrocarbon basin with\nsignificant potential. Proximity to the Sidi el Kilani field and the\noccurrence of similar structures on the Bouhajla Block makes for a compelling\nexploration project."\n\n\nDualEx Energy International Inc. is an oil and gas exploration company\nwith a focus on t...