Candax Energy Inc CXEYF

Re - Financials

[Condor7]

From the Candax Annual Information Form, 31 Dec 2007, Page 23.-----Tax HorizonIn Tunisia, Candax pays an income tax based on 50% of taxable profits as defined by Tunisian tax laws. Candax currently has unclaimed capital costs approximating $35 million (39 million Tunisian Dinars) which will serve to offset future taxes payable on current proved producing reserves on a concession by concession basis.-----This figure has most likely risen throughout Q1 2008.