Business
DualEx cases PEN-105 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, Sept. 2 /CNW/ - DualEx Energy International Inc. (TSX.V: "DXE")\nis pleased to announce that drilling operations have concluded at the\nCompany's PEN-105 location in northeast Hungary and casing is being run with\ncompletion and production testing to commence within the next week. The well\ncame in on prognosis with the reservoir sections coming in 20 metres high to\nthe original Pen-12 well which tested gas from the Miocene volcaniclastic\nreservoir section.\n\n\nDualEx CEO Garry Hides commented that "The drilling results to date of\nthe Pen-105 well confirm the 3D seismic interpretation and we look forward to\nthe upcoming testing phase of the program."\n\n\nDualEx holds a 37.5% interest in the Peneszlek Project through its equity\ninterest in PetroHungaria kft. Other partners are Ascent Resources (45.23%),\nGeomega (8%), Leni Gas & Oil (7.27%) and Swede Resources (2%).\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 and assumptions made by DualEx, including\nexpectations and assumptions concerning equipment and crew availability, and\njoint venture partner financial capability. Although DualEx believes that the\nexpectations and assumptions on which such forward-looking statements and\ninformation are based ar...