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DUALEX CONTRACTS FOR 3D SEISMIC SURVEY ON BOUHAJLA PERMIT
Calgary, January 5, 2012 - DualEx Energy International Inc. ("DualEx, or "the Company") (TSX-V: "DXE") is pleased to announce that its wholly owned subsidiary, DualEx Tunisia Inc., has entered into a contract with CGGVeritas Services SA, one of the world's largest geophysical service providers, to shoot a 55 km2 3D seismic survey over the Bouhajla North Prospect on the Bouhajla Permit, onshore Tunisia. Surveying and permitting is scheduled to begin in January 2012, with field recording anticipated to be completed around the end of February 2012.
DualEx Energy International Inc. is an oil and gas exploration and production company with operations in the greater Mediterranean area. 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.
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 ext. 223.
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.
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