DualEx Energy International Inc. (DXE.V) announced that it has sold its entire 10% working interest in the Torres Vedras - 3 and Aljubarrota - 3 Concessions in Portugal, for net cash proceeds of $US 350 thousand, effective November 25, 2009.
On the operations front, on Block XVII in Syria the Al Tayr 101 well, which spudded on October 7, 2009, is currently drilling ahead in 12 1/4" hole, is expected to encounter the primary Kurrachine Dolomite target in late December and reach TD at ~3,000 metres in early January 2010, the company said.
At Peneszlek in NE Hungary, the testing of the PEN-104AA well is now scheduled to commence in early December as the operation had been delayed due to equipment and materials availability.
DualEx President and CEO, Garry Hides, commented "our recent financing and the sale of the Portugal assets allows us to focus on our core projects in Hungary, Syria and Tunisia. With no debt and a strong balance sheet we are well positioned to execute our corporate plan."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.