DualEx Energy International Inc. (“DualEx”) (DXE, TSX-V) 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.
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".