/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, Oct. 20, 2014 /CNW/ - DualEx Energy International
Inc. ("DualEx") (DXE, TSX-V) today announced that recompletion
operations of the Abiod chalky limestone in its BHN-1 well on the
Bouhajla Permit, onshore Tunisia,
have concluded and the well will be plugged and
abandoned.
DualEx CEO Garry Hides stated
"while we are obviously disappointed with this result, all
reasonable attempts to determine the hydrocarbon potential of the
Bouhajla North structure were undertaken and we must conclude that
the fractures encountered at BHN-1 are not effective, which was one
of the primary risks associated with the Bouhajla North
prospect. The BHN-1 well does not entirely condemn the
structure or the other Abiod prospects on the Block but we will,
for the time being, shift our focus to the shallower Ktitir El
Gueria prospect where we recently issued invitation to tender
documents to several contractors for a 100 km2 3D
seismic survey planned for early to mid 2015."
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
concerningequipment and crew availability and joint venture partner
and DualEx's 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.