Business

DualEx Receives Bouhajla Permit Extension In Tunisia

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UN...

articleSpartan Delta CorpAugust 11, 20143/company/spartan-delta-corp/news/dualex-receives-bouhajla-permit-extension-in-tunisia
DualEx Receives Bouhajla Permit Extension In Tunisia

About this update from Spartan Delta Corp

[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nCALGARY, Aug. 11, 2014 /CNW/ - DualEx Energy International Inc. (\"DualEx\" or the \"Company\") (DXE, TSX-V) announces that it has been advised by the Tunisian Ministry of Industry, Energy and Mines that the Company's application for a second one-year extension of the Bouhajla Permit has now been formally approved and the initial term has been extended to April 29, 2015.  DualEx will now initiate the re-completion of the BHN-1 well, which had been on hold pending the extension approval. \n\nThe BHN-1 re-completion will entail pulling the existing production tubing from the wellbore and re-perforating the Abiod formation using a casing gun and deep penetrating charges, followed by selective acidization of the individual perforation intervals. It is expected that the rig contracted to undertake the re-completion will commence mobilization as soon as possible. The Company will issue a further update once the rig is on location and the operation has commenced.\n\nAbout DualEx Energy International Inc.\n\nDualEx Energy International Inc. is an oil and gas exploration and production company with operations in Tunisia and Hungary. 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.  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 reasonabl...

More updates from Spartan Delta Corp