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DualEx Energy International Inc. - PEN-101 Operations Update
DualEx Energy International Inc. - PEN-101 Operations Update
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\n May 11, 2010 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n DualEx Energy International Inc. ("DualEx") (TSX-V: "DXE") announces that its subsidiary, PetroHungaria kft, has successfully completed a sidetrack of the previously drilled PEN-101 well in the Peneszlek area of the Nyirseg South permit in eastern Hungary. The sidetrack ("PEN-101A") was drilled to circumvent a poor cement job in the original PEN-101, reached a total vertical depth of 1453 metres in the Miocene volcaniclastic section, and has now been completed, perforated and gas has been flowed on a short test. Once the rig has been demobilized from the location, the PEN-101A well will be acidized and connected to the adjacent production facility where the PEN-105 gas is also processed. DualEx, through PetroHungaria kft, has a 42.826% interest in PEN-101A.\n\nDualEx 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".\n\nForward-Looking Statements\n\nThis 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 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...