DXE.V (DualEX) Acquires 100% of Contractor Interest in Bouhajla Permit
CALGARY, Feb. 27, 2015 /CNW/ - DualEx Energy International Inc. ("DualEx") (DXE, TSX-V) today announced that, pursuant to the terms of the Bouhajla Farmout Agreement (the Agreement"), Africa Hydrocarbons Inc. has forfeited its 47.5% indirect interest in the Agreement and the Bouhajla Production Sharing Contract ("PSC"), all relating to the Bouhajla Exploration Permit, located onshore Tunisia. As a result, DualEx's wholly owned subsidiary, DualEx Tunisia Inc., has exercised its rights under the Agreement to acquire the forfeited interest and now holds 100% of the contractor interest in the Bouhajla PSC and Convention.
DualEx continues to work towards conducting a 100 km2 3D seismic survey on the Ktitir prospect within the Bouhajla permit, and is actively seeking partners to participate in this project.
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