DualEx announces plans to test BHN-1 well in Tunisia

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CALGARY, July 23, 2013 /CNW/ - DualEx Energy International Inc. ("DualEx" or the "Company") (TSX-V: DXE) today announced that production tubing is being installed at the Company's BHN-1 well on the Bouhajla Permit in northeastern Tunisia.  Following the evaluation of cased-hole logs the decision was made to configure the wellbore for testing purposes.  Several interpreted fracture intervals are observed within a 245 metre thick Abiod section. Elevated C1-C4 gas chromatograph readings along with evidence of micro-fractures observed in drill cuttings coincide with the potential fracture intervals.

DualEx plans to release the drilling rig once the tubing has been set and return with wireline perforating guns and a coiled tubing unit to perforate and acidize the selected test intervals as soon as possible.

The BHN-1 well 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".

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" 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.

Garry Hides, President & CEO
DualEx Energy International Inc.
200, 521 - 3rd Avenue SW
Calgary, Alberta, Canada T2P 3T3
Tel: [phone] ext. 223
www.dualexen.com

Jeremy Dietz
Investor Relations,  TMX Equicom
300 - 5th Avenue SW, 10th Floor 
Calgary, Alberta, Canada T2P 3C4
Tel: [phone]
[email protected]