Candax Energy Inc CXEYF

RE: centurian mentioned cax

[luvplanes]

Bluespruce, Within the following partial NR from december 2004,you will find your answer for the partnership with Centurion. Below is the partial NR from December 2004, there is nothing new there. Candax Acquires Centurion Energy International's Tunisian Operations December 15, 2004 Toronto, Ontario, Canada – Candax Energy Inc. (“Candax”) is pleased to announce that it has entered into an agreement with Centurion Energy International Inc. (“Centurion”) for the purchase of Centurion's current Tunisian operations for a base purchase price of $41.2 million (Canadian funds) plus working capital adjustments effective January 1st, 2005. Specifically, Candax has agreed to purchase Centurion's ‘operated' affiliates Ecumed Petroleum Grombalia Ltd., Ecumed Petroleum Zarzis Ltd., Ecumed Petroleum Tunisia Ltd. and Centurion's 50% interest in the SEEB power plant which represent all of Centurion's current production from the Ezzaouia (31.4% WI), El Bibane (73.8% WI), Robanna (80% WI) and Al Manzah (75% WI) fields approximating 1,200 bopd of oil and 4.8 mmscf per day of natural gas. Centurion will retain the right to participate for up to 50% of Candax's resultant working interest in any Deep Triassic exploration well at either or both of Ezzaouia and El Bibane.