updates... Good Evening,
Just wanted to provide some updates to some past picks...
DualEx Energy was down 4.35% on light volume, but higher since mentioned at $.60 on Nov.16. It closed the day at $.66. DXE provided the following news release on Nov.21 on its well program in Hungary...
DualEx Energy International Inc. is pleased to announce it has spudded
the second of two commitment wells in the Nyirseg area of NE Hungary.
Fehergyarmat 2 ("FGY-2") spudded on November 20, 2006, and will test
Pannonian clastics at a depth of approximately 1,100 meters.
DualEx will pay 75% of the costs to drill FGY-2 to earn a 37.5% working
interest. The second of two commitment wells, FGY-2 is an exploratory test
which targets a similar prospect as that successfully tested in the PEN-104
well drilled approximately 49 km to the southwest (announced on November
14, 2006). Once FGY-2 has been drilled, the Company will have earned a
37.5% working interest in approximately 45% of the farmout lands. DualEx
will then have an option to drill two additional wells to earn a 37.5%
interest in the balance of the block, totalling over 600,000 gross acres.
DualEx Energy International Inc. is a full cycle oil and gas exploration
company with operations in the greater Mediterranean area.
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Support seems to still be around $.60 and of interest, Ascent Resources(listed on the London AIM Exchange with ticker AST) is also in the same region of Hungary. Their website for further reading is at https://www.ascentresources.co.uk and closed at 12.5 pence down 3.85% on volume of 175,676. They signed a farm-out agreement with a DXE subsidiary in August 2006.
Simberi Mining (SAU.V) closed the day at $.125 down 3.85% on volume of 440,500. Streetinvesting.com started coverage on Nov.24th and the private placement was completed on Nov.16th.
Stay Wise...
