/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, 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.
The 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.
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.