Business
DualEx updates Hungary operations
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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, April 20 /CNW/ - DualEx Energy International Inc. (DXE, TSX-V),\nthrough its 37.5% owned subsidiary, PetroHungaria kft, ("PetroHungaria") is\npleased to announce that it has completed and tested the PEN-104A side track\nof the PEN-104 gas well in the Peneszlek area of the Nyirseg permits of\neastern Hungary.\n\n\nThe PEN-104A well drilled the target reservoir sands as prognosed and,\nduring a short clean-up flow, the well produced gas at an estimated rate of\napproximately 2.5 million cubic feet per day. Once the drilling rig has been\ndisassembled, the flow line will be connected and the well put into production\nin the coming days.\n\n\nDualEx holds a 37.5% interest in the Peneszlek Project through its equity\ninterest in PetroHungaria. 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 ...