/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, Nov. 27, 2014 /CNW/ - DualEx Energy
International Inc. ("DualEx") (DXE, TSX-V) today filed with
Canadian securities authorities its Third Quarter Financial
Statements and Management's Discussion and Analysis for the period
ending September 30, 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.
Subsequent to the end of the third quarter, DualEx announced
that the BHN-1 well recompletion on the Bouhajla permit, onshore
Tunisia, was unsuccessful and
was plugged and abandoned. The costs associated with this
well will be recorded as an exploration and evaluation impairment
to earnings in the fourth quarter 2014, estimated to be
$3 million to $4 million.
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 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.