Business
DualEx cases Gorbehaza well; Plans production testing
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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\nDISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Aug. 28 /CNW/ - DualEx Energy International Inc. (TSX.V: "DXE")\nis pleased to announce that drilling operations at the Company's Gorbehaza No.\n1 well ("GH-1") in the Panhandle region of the Nyirseg North Permit in\nnortheast Hungary have concluded and that casing has been run in advance of\nproduction testing operations.\n\n\nThe GH-1 well was drilled to TD at 1300 metres and data indicates the\nwell encountered gas in two of the three zones targeted. The drilling rig will\nbe moved off location and a service rig brought in to conduct the completion\nand testing operations, scheduled for commencement within approximately six\nweeks time.\n\n\nDualEx's working interest in the GH-1 well is 12.5%, with Hungarian\nHorizon Energy (Operator, 33.333%), JKX Oil and Gas (33.333%), Ascent\nResources (20.167%) and Swede Resources (0.667%) holding the balance.\n\n\nFurther to the announcement of August 17th, 2009, drilling of the PEN-105\nwell (DualEx 37.5%) in the Peneszlek area of the Nyirseg South Permit in\nHungary is ongoing. It is expected the well will reach total depth of 1500\nmetres within the next several days. PEN-105 is evaluating a gas prospect in\nthe Miocene aged volcaniclastics.\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 ...