Candax Energy Inc.
TSX : CAX

Candax Energy Inc.

June 06, 2006 14:45 ET

Candax Announces Chaal-1 Exploration Well Test Status

TORONTO, ONTARIO--(CCNMatthews - June 6, 2006) -

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Candax Energy Inc. ("Candax") (TSX:CAX) announces that the Chaal-1 well test program is currently underway.

Chaal-1 is a high pressure, high temperature exploration well that has required the installation of a 15,000 psi christmas tree for the testing program, instead of the 10,000 psi BOP assembly used during the drilling operations.

Mike Wood, President & CEO for Candax commented, "The procurement and installation of the 15,000 psi equipment was due to our desire to carefully manage safety matters and did cause a delay at the commencement of the testing program. Testing is underway and the test results for Chaal-1 will be released upon completion of the program."

Candax Energy is an international energy company with its head office in Toronto, Ontario, Canada and management offices in London, Dubai and Tunis. The Company holds a number of concessions in Tunisia through its subsidiary companies and is involved in the exploration and production of oil, gas and power generation in the country. Candax was formed through the combination of a highly experienced executive management team with successful Canadian founders and financiers, to develop an international upstream oil and gas project portfolio. Candax is initially focusing its growth activities on production and development projects in the Middle East and North Africa, where the group has strong relationships and extensive management experience.

Contact Information

  • Candax Energy Inc.
    John Clarke
    Executive Vice President, Corporate
    (416) 361-2824
    (416) 364-5400 (FAX)
    jclarke@candax.com
    www.candax.com
    or
    Pro-Edge Consultants Inc.
    Tracy Weslosky or Fred Cowans
    Managing Partners
    (866) 544-9622 or (416) 581-0177
    info@pro-edge.com