DualEx Provides Update Regarding Bouhajla Extension Application in Tunisia
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CALGARY, July 23, 2014 /CNW/ - DualEx Energy International Inc. ("DualEx") (DXE, TSX-V) advises that its application for a second one-year extension of the Bouhajla Permit is still before the relevant government authorities, as first reported in its press release dated May 29, 2014. The adoption of the newly created constitution in January of this year, and in particular the interpretation of Article 13, has resulted in delays for a number of companies with respect to issues related to the administration of rights across the natural resources sector.
"Having just returned from meetings in Tunis, we are confident that a concerted effort is being made to resolve the administrative logjam that has been created, so that companies can continue with their exploration programs" said Garry Hides, DualEx President & CEO. "Additional news will be released once we receive notice regarding our extension application, and upon approval, initiate the re-completion of the BHN-1 well that has been put on hold pending final government approval of the permit extension."
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".
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.For further information: This press release is reproduced on DualEx's website at www.dualexen.com. For this and other information about DualEx, please visit the website or contact Garry Hides (President & CEO) at 403-265-8011 ext. 223.