/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, July 18, 2013 /CNW/ - DualEx Energy International Inc.
("DualEx" or the "Company") (TSX-V: DXE), today issued the following
operational update regarding its BHN-1 exploration well in Tunisia. As
previously announced, the Company has reached total depth of 2745
metres, after penetrating 247 metres of the Abiod chalky limestone
formation within the planned target area. Due to wellbore instability
issues caused by sloughing shales from formations overlying the Abiod,
the Company has deemed it prudent to run the 7" liner to bottom, after
which it will then conduct cased-hole wire-line logging operations.
Setting and cementing of the liner is currently underway.
The BHN-1 well was spud on June 8, 2013 and is the first exploration
well on the Bouhajla Permit. It is being drilled to evaluate a
Cretaceous Abiod oil target on the Bouhajla North prospect.
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