Corporate Snapshot Common shares outstanding Basic 99,019,004 Fully diluted 116,703,863 Current monthly revenue 165,000 Working Capital 970,000 Debt Zero Current Production 500 McfGE/d 3
Focused on Tunisia with producing assets in Hungary Hungary Peneszlek Field Nat. gas production Tunisia Bouhajla Permit 4
Tunisia 5
Why Tunisia Proven hydrocarbon basins. Vastly under-explored. Average 10 wells per year. Well-developed, readily accessible infrastructure and services. Stable, industry friendly, small companies welcomed. Attractive PSC…
Bouhajla Permit DualEx is Operator with 52.5% WI. Farmed out 47.5% WI to Canadian partner for a carry on the first 7.25M and 450k in back costs. Initial term expires April 2014, with two 3 - year extensions available.…
Bouhajla Prospects Summary Bouhajla North 3D Seismic Survey Bouhajla North Flower structure at Abiod level, Q1, 2012 analogous to Sidi el Kilani. Bouhajla Northeast Bouhajla North Truncation against salt diapir at Abiod level.…
Initial Target: Bouhajla North Prospect Completed 55 km2 of 3D Bouhajla Permit enlarged seismic in Q1, 2012. to include the Ktitir block Sidi El Kilani analogue has produced approximately 48 Bouhajla North Target MMbbls, primarily…
Pre-drill Summary Economics: Bouhajla North Only Drilling CAPEX (2745m test well) 9 million, of which 7 million funded by non-op partner. Target Recoverable Oil (Abiod only) 4050 million barrels gross (Sidi el Kilani analogue).…
3D Abiod Time Structure Map Bouhajla North Salt Wall Predominantly N-S structure overprinted by NE-SW structure related to salt emplacement. Abiod to the north of Bouhajla BHN-1 Location permit boundary Spud Date: June 08,…
BHN-1 Analysis Elevated C1-C4 on gas chromatograph during drilling within the Abiod formation. Cased well to TD. Hole stability issues resulted in liner being run to preserve the wellbore, therefore no open-hole logs run in the…
Bouhajla Northeast Prospect Good closure in WNW-ESE direction with overall structure climbing to the north. Updip seal provided by salt wall. Requires additional seismic to advance to the drill-ready stage. 13
Bouhajla Southeast Prospect Good closure In SW-NE direction with overall structure climbing to the WNW. Requires additional seismic to advance to the drill-ready stage. May be stratigraphic component to updip closure…
El Gueria Regional Facies Distribution NW-SE trending depositional fairway with El Gueria Reservoir Fairway deeper-water facies developed to the northeast. Local dolomitization and fracturing. Ashtart Field Key well at…
Ktitir (KT) Salt Piercement El Haria Time Structure Ktitir (KT) salt piercement is readily mapable and KT-1 El Gueria basinal facies. Well TDd in Tri. is responsible for faulting evaporites. Tested oil In Cenomanian observed in…
Line KN-026 SSW Area for potential NNE Well RAD-1 El Gueria H/C Well KT-2 Well KT-1 Serept 1971 accumulation CPT 1954 CPT 1952-53 El Gueria El Haria Abiod Ktittir Salt Dome 17
Anticipated Timing of Operations, Q4 2013 Q2 2014 Q4, 2013: BHN-1 Well completion and testing Q1, 2014: Finalize Ktitir 3D survey Initiate Ktitir 3D seismic survey permitting, surveying Initiate well planning either BHN-1…
Tunisia Summary BHN-1 well has confirmed the Bouhajla North prospect, encountering thick Abiod chalky limestone reservoir with fracturing. Cased-hole log interpretation indicates that the Abiod section is hydrocarbon- bearing with…
Hungary 20
Nyirseg / Peneszlek Field, NE Hungary Pannonian Basin - a proven hydrocarbon province with infrastructure in place and readily accessible markets. Robust economics. Producing zones are basal Tertiary tuffaceous sediments and upper…
Summary Cashflow positive, offsets monthly G&A costs. Operated, high working interest. BHN-1 completion/testing results pending. Several exploration prospects in the queue. Veteran team at both the management and board…
DXE Contact Information Garry Hides, President & CEO Ken Tompson, Executive VP & COO Lorne Morozoff, VP Finance & CFO Website: www.dualexen.com Phone 403-265-8011 Head Office: Suite 200, 521 3rd Ave SW Calgary, AB T2P 3T3…
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