Candax Energy Inc CXEYF

Glad that the deal closed Mar.31

[gemsearcher2]

and now GF can roll up the sleeves and get to doing what nees to be done,free from interference from the old crew that was running the show.
....however,when i read about the 61.2$$ million loss for yr 2009,i could not get my head around it!...the number was just too mind boggling!.
I was away at the workplace without my computer at the time of the nr's on April 01,but was able to access stockwatch and read the 2 nr's,but not access Sedar so could not get the md+a.
GOSH!--I did not know that CAX was in such bad shape as it was.
Yes--I knew that financially,it was in a mess,,,but not also on the brink of losing the Chaal license too...I was aware that the Madagascar license was due in the summer,and the window for drilling was pretty much past,except that they would be able to get an extension.
But Chaal too???----wow!..not wonder the huge write downs.
That old team was as useless as any group could possibly be imo.
They tried to play bigshots in the early going,but many in the oil industry seen right thru them.I believe there were some who tried to give them a chance to prove themselves early on,but the CAX group proved very early on that they could not organize,start,or complete any project within any reasonable timeframe or budget.
GF coming along when they did,and even taking a second look at CAX is almost a miracle in itself i think.

Nobody is happeir than me to see the likes of Clark and Munn (in particular),and Woods GONE ...
Let's hope that both the Madagascar and Chaal permits can be renewed successfully.
Hoping that we don't have to give the farm away again to get some participation in Chaal if the permit renewal is successful.

Looking foreward to some news of El B re-start soon...we need some good news!