Business
DualEx updates Penészlek operations
DualEx updates Penészlek operations
About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n\nDec. 4, 2009 (Canada NewsWire Group) -- CALGARY, Dec. 4 /CNW/ -- DualEx Energy International Inc. (\"DualEx\" or the \"Company\") (TSX-V: \"DXE\"), announces that, through its Hungarian subsidiary PetroHungaria Kft, production testing of the PEN-105 well on the Company's Nyirseg South permit in northeastern Hungary, drilled and completed in September 2009, has yielded an initial flowrate of over 78,000 m(3) of gas per day (2.75 MMscfd) from a nine metre interval at the top of the Miocene volcaniclastic section. This well is now shut-in awaiting the construction of the pipeline connection to the main export pipeline, expected in February, 2010.PetroHungaria has also completed the initial testing operations on the Pen-104AA well. The Company and its partners commenced operations on November 30, 2009 to test a Miocene volcaniclastic reservoir section identified by open-hole well logs and mud log shows to be potentially gas bearing. The well, which was drilled as a high angle deviated well, was completed with external casing packers and a slotted liner in an effort to minimize formation damage and provide maximum access to the reservoir. On flow, the well produced a small quantity of natural gas along with approximately 20 m(3) of water. Analysis of the produced water indicates that it is filtrate lost into the formation during drilling (over 200 m(3) of drilling fluids were lost to the formation while drilling the reservoir section and while completing the well). Pending further evaluation of the preliminary test results, it is anticipated that the Company and its partners will continue testing operations when equipment can be mobilized in January.Also at Penészlek, the drilling permits for the PEN-101 and PEN-106 wells have been issued and site construction will commence shortly. The drilling rig is expected to be mobilized to the locations in late January 2010.DualEx holds a 37.5% interest in the Penészlek Project through its equity interest in PetroHungaria Kft. Other partners are Ascent Resources (45.23%), Geomega (8%), Leni Gas & Oil (7.27%) and Swede Resources (2%).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 StatementsTh...