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Strategies & Market Trends : Dino's Bar & Grill

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To: El Canadiense who wrote (1301)	6/5/2013 9:49:25 PM
From: Goose94	Read Replies (1) of 203085

DXE-V Bill Bonner, President & Portfolio Manager, Brickburn Asset Management on BNN.ca Market Call 1330ET June 5, 2013 Top Pick DualEx Energy Int'l (DXE-V) About to spud a significant exploitation test onshore Tunisia; five years in the process (markets in 2008 stalled their progress) Well is fully paid by a farm-in partner; DXE keeps 52.5 percent and operates the well; Multiple targets on the block Fall back in the event of a dry hole; Company has no debt, $2.5 million in annual cash flow from a Hungarian Nat gas property, and $3 million cash in the bank Total market value is $18 million Analogous oil pool has produced 48 million bbls of oil since 1989; Tunisian infrastructure and fiscal terms are solid which offsets political risk A good “business man’s bet”

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