/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, April 23, 2014 /CNW/ - DualEx Energy
International Inc. ("DualEx" or the "Company") (DXE, TSX-V) today
provided the following update regarding its Tunisia operations. The Company has completed
preparations for the re-completion of its BHN-1 exploration well on
the Bouhajla Permit in northeastern Tunisia. The 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. One additional zone within the Abiod will be
perforated bringing the total number of zones to be evaluated to
four. A rig has now been contracted and will move to the
BHN-1 location once released from its current operation,
anticipated to be in mid May 2014. The entire re-completion
operation is expected to take 10 - 14 days once it
begins. Extended flow testing will take place at a
later date depending on the results of the re-completion
operation.
DualEx also announced today that it has filed with Canadian
securities authorities its 2013 Annual Consolidated Financial
Statements and Management's Discussion and Analysis. The
Company has filed its Form 51-101F1 - Statement of Reserves Data
and Other Oil and Gas Information, Form 51-101F2 - Report on
Reserves Data by Independent Qualified Reserves Evaluator, and Form
51-101F3 - Report of Management and Directors on Oil and Gas
Disclosure, under National Instrument 51-101 Standards of
Disclosure for Oil and Gas Activities. This information is included
in DualEx's Annual Information Form dated April 22, 2014. Copies of the filed
documents may be obtained through www.sedar.com, DualEx's website
www.dualexen.com or by emailing DualEx at
info@dualexen.com. DualEx also announced that it has
terminated its arrangement with TMX Equicom, which provided the
Company with investor relations and communications services.
About DualEx Energy International Inc.
DualEx 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".
Forward-Looking Statements
This 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 reasonable, undue reliance
should not be placed on the forward looking statements and
information because DualEx can give no assurance that they will
prove to be correct. By its nature, such forward-looking
information is subject to various risks and uncertainties, which
could cause DualEx's actual results and experience to differ
materially from the anticipated results or expectations expressed.
These risks and uncertainties include, but are not limited to,
reservoir performance, labour, equipment and material
costs, access to capital markets, interest and currency exchange
rates, and political and economic conditions. Additional
information on these and other factors is available in continuous
disclosure materials filed by DualEx with Canadian securities
regulators. Readers are cautioned not to place undue reliance
on this forward-looking information, which is given as of the date
it is expressed in this news release or otherwise, and to not use
future-oriented information or financial outlooks for anything
other than their intended purpose. DualEx undertakes no obligation
to update publicly or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE DualEx Energy International Inc.