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Candax Provides Update on Block 1101 Madagascar

Investing News Network
Jul. 25, 2011 09:39AM PST
Oil and Gas Investing

Candax Energy Inc. (TSE:CAX) enters into an agreement to farm-down a significant part of its working interest and operatorship of Block 1101 in Madagascar to Afren Plc.

Candax Energy Inc. (TSX:CAX) enters into an agreement to farm-down a significant part of its working interest and operatorship of Block 1101 in Madagascar to Afren Plc.

The press release is quoted as saying:

Candax is an international energy company with its head office in Toronto and offices in Tunis and Madagascar. The Candax group is engaged in exploration and the production of oil and gas in Tunisia and holds an interest in an exploration permit in Madagascar.

Click here to access the entire press release

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