Business
DualEx Energy International Inc. - Operations update - Al Tayr 101 well, Syria
DualEx Energy International Inc. - Operations update - Al Tayr 101 well, Syria
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\nJan. 25, 2010 (Canada NewsWire Group) -- CALGARY, Jan. 25 /CNW/ -- DualEx Energy International Inc. (\"DualEx\") (TSX-V: \"DXE\"), announces that the Al Tayr 101 well, drilled on the Block 17 Concession in Syria, has reached total depth and is being plugged and abandoned following an unsuccessful testing program. The well was spudded on October 7, 2009 and was drilled to a depth of 3,150 meters. The well encountered gas shows throughout the Kurrachine Dolomite section, the main producing horizon within the Ash Shaer and other nearby producing fields. The well was tested, including an acid stimulation program, over two prospective intervals, neither of which flowed gas to surface. The well satisfies the exploration commitment in the first phase of the concession.DualEx and its partners, Kuwait Foreign Petroleum Exploration Co (KUFPEC) and Stratic Energy Corporation, are evaluating the results of the well to determine the next steps in the exploration program. DualEx holds a 31.67% working interest in Block 17.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\", \"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 assumptions made by DualEx, including expectations and assumptions concerning equipment and crew availability, and joint venture partner financial capability. Although DualEx believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because DualEx can give no a...