DualEx Files Third Quarter Results


    CALGARY, Nov. 22 /CNW/ - DualEx Energy International Inc. (TSX-V: "DXE")
today filed with Canadian securities authorities its Third Quarter Financial
Statements and Management's Discussion and Analysis for the period ending
September 30, 2007. Copies of the filed documents may be obtained through
www.sedar.com, DualEx's website www.dualexen.com, or by emailing DualEx at
    In the quarter, the Company completed the acquisition of Winslow
Resources Inc. September production from the Winslow assets was approximately
26 boepd. DualEx is continuing with the evaluation of these assets, including
development, by either funding internally or farming out, or selling those
interests which do not fit within DualEx's corporate strategy. In this regard,
the Company sold certain mining properties for total consideration of $279,356
in September and has recently closed a transaction whereby it sold its working
interests in the Wainwright area of Alberta for $350,000.
    In Hungary, work is continuing with the various development initiatives
at Penészlek, which include pipeline integrity testing on the existing
gathering system (approximately 2/3 completed); the necessary wellbore
permitting and regulatory approvals for the re-entry of PEN-9 and PEN-12; and
the negotiation of natural gas processing and transportation arrangements with
the operator of the area infrastructure. The Company's PEN-104 discovery,
together with PEN-9 and PEN-12, in aggregate tested over 7.5 MMcf/day of gas
from the basal Miocene volcaniclastic section and the overlying Pannonian
section. The Company has a 37.5% working interest in the Nyirseg Permits,
containing approximately 614,000 gross acres (approximately 230,000 net
    In Syria, processing of both the 1,105 line kilometres of new 2D seismic
data and the 2,338 line kilometres of legacy 2D seismic data on Block 17 is
nearing completion. This dataset, once integrated with the geologic /
petrophysical review and existing well data, will be used to rank prospects
for drilling in 2008. DualEx has a 31.67% working interest in the
1.248 million acre Block 17.
    In western Portugal, the contracted drilling rig is now enroute, and is
expected to re-initiate drilling operations on the Lapaducos-2 well in
December, 2007. This operation involves deepening the well to 1500 m in order
to evaluate Upper Jurassic fractured Montejunto carbonate and Middle Jurassic
Candieiros limestone targets. The rig is then expected to be mobilized to the
Aljubarrota-4 location, which is planned to be deepened by 400 m into the
lower portion of the fractured Brenha Carbonate zone and underlying Brenha
carbonate grainstone zone. Surveying and permitting is ongoing on the Torres
Vedras 3D seismic program, with field recording anticipated to commence prior
to year-end. This 117 sq km 3D survey will be recorded to follow up on a well
drilled by DualEx's predecessor on a Jurassic reef prospect utilizing older 2D
seismic. The second 3D survey (130 sq km) will be located within the
Aljubarrota Concession, and is planned to be shot immediately after the Torres
Vedras 3D. DualEx has a 10% working interest in the Torres Vedras-3 and
Aljubarrota-3 Concessions, which contain 321,000 acres and 311,000 acres

    DualEx Energy International Inc. is an oil and gas exploration company
with a focus on the greater Mediterranean area. DualEx's common shares trade
on the TSX Venture Exchange under the symbol "DXE".

    Forward-Looking Statements

    This release may contain forward-looking statements. These statements are
based on management's current expectations and beliefs and are subject to a
number of risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
Forward-looking statements are not guarantees of future performance. Any
forward-looking statements are made as of the date hereof and DualEx does not
undertake any obligation, except as required under applicable law, to publicly
update or revise such statements to reflect new information, subsequent or

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00023802E

For further information:

For further information: This press release is reproduced on DualEx's
website at www.dualexen.com. For this and other information about DualEx
Energy International Inc., please visit the website or contact Garry Hides
(President & CEO) at (403) 265-8011

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