Business
DualEx Mobilizes drilling rig in Hungary
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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. 10 /CNW/ - DualEx Energy International Inc. (DXE, TSX-V)\nadvises that mobilisation of the rig that will drill the PEN-105 well in the\nPeneszlek area of the Nyirseg South Permit in Hungary has commenced. It is\nexpected that drilling will begin over the next week and that it will take\napproximately three weeks to evaluate the primary target, a Miocene natural\ngas prospect at an estimated depth of 1,500m.\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 are reasonable, undue reliance should not be placed on\nthe forward looking statements and information because DualEx can give no\nassurance that they will prove to be correct. By its nature, such\nforward-looking information is subject to various risks and uncertainti...