Business
DualEx Energy International Inc. - Operations Update
DualEx Energy International Inc. - Operations Update
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Apr. 19, 2010 (Canada NewsWire Group) -- /CNW/ -- DualEx Energy International Inc. (\"DualEx\") (TSX-V: \"DXE\") announces that it and its partners have made the decision to plug and abandon the PEN-106 well after a drillstem test showed that the target Miocene tuffaceous formations are water bearing at this location. The drilling rig will now return to PEN-101 to drill a short sidetrack to circumvent the failed cement job in that gas discovery well. DualEx, through is subsidiary PetroHungaria kft, has a 42.8% interest in both the PEN-101 and 106 wells.In Tunisia, DualEx is moving forward on its Bouhajla permit exploration program. In addition to establishing it's country office in Tunis, the Company has made good progress in populating its technical information database and has completed scanning and vectorization of the legacy 2D seismic within and immediately adjacent to the permit boundary. Interpretation of the seismic has begun and several structures have been identified. Mapping and ranking of these structures will take place over the next several weeks with the goal of selecting a feature or features on which to record additional seismic in advance of selecting a suitable drill target. DualEx has a 100% contractor interest in the Bouhajla Permit, which encompasses 416 square kilometres (105,000 acres), and is located onshore in the Pelagian Basin of east central Tunisia. The Block lies immediately west of the Sidi el Kilani field, which has produced to date approximately 48 million barrels of light oil.DualEx Energy International Inc. is an oil and gas exploration and production 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\", \"schedule\", \"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...