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CALGARY, June 13, 2016 /CNW/ - DualEx Energy International Inc. ("DualEx" or the "Company") (TSX-V: DXE) today announced that it has been advised by the Tunisian Department of Energy that any further extensions to the primary term of the Bouhajla Permit (the "Permit") will not be granted. As a result, and due to there being insufficient time to conduct the required work program to move the Permit into the next term, the Company has advised the Department that it is surrendering the Permit, which was due to reach the end of its primary term on August 7, 2016. The Company has been seeking a joint venture partner to participate in the next stage of exploration on the Permit, however, due to the severe downturn in the international oil and gas exploration sector, these efforts have been unsuccessful.
The Company continues to evaluate and pursue projects in Western Canada, and will advise shareholders when material progress has been made in this regard.
About DualEx Energy International Inc.
DualEx Energy International Inc. is an oil and gas exploration and production company with operations in Western Canada. 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.