Candax Provides Update on El Bibane Concession

Candax Energy Inc. (TSX:CAX) receives formal written confirmation from the Tunisian officials that the maturity of Candax’s El Bibane concession offshore Tunisia is December 31, 2033.

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.

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