TSX: CAX       Candax Energy Inc.
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Business Background

Candax Energy Inc. (Candax) is a Canada-based international energy company active in the upstream petroleum sector. The Company is engaged in exploration and the production of oil and gas in Tunisia and holds an interest in an exploration permit in Madagascar. The Company specializes in the re-development of mature fields. Its producing assets are located in Tunisia, both offshore and onshore, in the southern Gulf of Gabes area. The crude production is shipped via sea-going tankers from the harbor facilities at the Zarzis oil terminal. The Company has five concessions in Tunisia, which include El Bibane Concession, Robbana Concession, Ezzaouia Concession, Al Manzah Concession and Belli Concession. Candax, through its wholly owned subsidiary, Candax Energy Limited, has five wholly owned subsidiaries that hold all of its Participating Interests in its producing and non-producing oil and gas properties.

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