GREY:CXEYF - Post by User
Post by
mind_businesson Apr 01, 2011 5:27am
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Post# 18371463
Financials filed on SEDAR
Financials filed on SEDARNot much to write home about.
Wasn't impressed with their statements on Madagascar. I was hoping they had a farm-out agreement in place by now. Hope they don't run out of time.
"Work has been continuing to identify a drilling location. Two alternative sites have been identified and
discussions are continuing to determine the preferred location. The Environmental Impact Assessment is
completed for one of the sites (the Ambilobe location) and is being finalized for the other location
(Ampasindava). The design of the drilling program (including civil works requirement to bring equipment
on site) is ongoing.
Considering the size of the upcoming capex program and the risks associated with the prospects, Candax
continues to explore farm-out discussions with several parties. There is no guarantee that these
discussions will be successful."