/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, July 9, 2015 /CNW/ - DualEx Energy
International Inc. ("DualEx" or the "Company") (DXE, TSX-V) today
announced that ETAP, the Tunisian state oil company, has agreed to
an additional one year extension to the first exploration period of
the onshore Bouhajla Exploration Permit (to August 2016), and has submitted the required
application to the Ministry for approval. This extension remains
subject to Ministry ratification, which the Company anticipates
receiving in late July, and will allow the Company additional time
to bring new partners into the project.
DualEx also announced today that it has sold its 70% shareholder
interest in PetroHungaria kft, the Hungarian operating company
through which DualEx and its partners managed the Penészlek gas
field in NE Hungary. Now that
production has ceased, and the two remaining wells have been
abandoned, there is no further need for the Company to maintain a
corporate presence in Hungary. The
Company received cash of 35,000 Euro
(~CAN $50,000) and the purchaser
assumed all of DualEx's share of the costs and liabilities
associated with the abandonment and reclamation of the PEN 101 and
105 wells, and the natural gas production facility.
About DualEx Energy International Inc.
DualEx Energy International Inc. is an oil and gas exploration
and production company with operations in Tunisia. 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", "work towards" 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, joint venture partner participation 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.