/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Jan. 3, 2014 /CNW/ - DualEx Energy International Inc. ("DualEx"
or the "Company") (TSX-V: DXE) today provided the following operational
update regarding the Company's BHN-1 exploration well on the Bouhajla
Permit in northeastern Tunisia.
As planned (and previously announced on November 25, 2013) the Company
utilized a wireline-conveyed borehole imaging tool to investigate the
effectiveness of the initial perforation operation. The Company
completed this operation and upon review of the results, planning for
re-perforation of the well within the Abiod formation is underway.
Timing of this operation will be announced as soon as costs, logistics
and sourcing of equipment are finalized.
The Company remains of the view that the initial perforation attempt and
acid injection previously undertaken was not successful in accessing
the formation, thereby necessitating the additional completion
operation. At this time, the Company believes the potential for
yielding an Abiod discovery at BHN-1 remains unchanged.
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".
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 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.
For further information:
Garry Hides, President & CEO
DualEx Energy International Inc.
200, 521 - 3rd Avenue SW
Calgary, Alberta, Canada T2P 3T3
Tel: (403) 265-8011 ext. 223
Investor Relations, TMX Equicom
300 - 5th Avenue SW, 10th Floor
Calgary, Alberta, Canada T2P 3C4
Tel: (403) 218-2833