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CALGARY, June 13, 2016 /CNW/ - DualEx Energy International
Inc. ("DualEx" or the "Company") (TSX-V: DXE) today announced that
it has been advised by the Tunisian Department of Energy that any
further extensions to the primary term of the Bouhajla Permit
(the "Permit") will not be granted. As a result, and due to there
being insufficient time to conduct the required work program to
move the Permit into the next term, the Company has advised the
Department that it is surrendering the Permit, which was due to
reach the end of its primary term on August
7, 2016. The Company has been seeking a joint venture
partner to participate in the next stage of exploration on the
Permit, however, due to the severe downturn in the international
oil and gas exploration sector, these efforts have been
unsuccessful.
The Company continues to evaluate and pursue projects in
Western Canada, and will advise
shareholders when material progress has been made in this
regard.
About DualEx Energy International Inc.
DualEx Energy International Inc. is an oil and gas exploration
and production company with operations in Western Canada. DualEx's common shares trade
on the TSX Venture Exchange under the symbol "DXE".
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.