GREY:CXEYF - Post by User
Post by
BlindBat_1on Nov 07, 2011 9:19am
267 Views
Post# 19214597
Candax Completes Oil Equity Lifting
Candax Completes Oil Equity Lifting We'll get there , patience grasshoppers !=============================================================Candax Energy Inc. ("Candax") (TSX:CAX) announces that the Company completed an equity lifting of 178,000 barrels of oil on November 5th on behalf of partners in the El Bibane, Ezzaouia and Robbana fields. The net volumes attributable to Candax approximate 122,000 barrels. Proceeds approximating $12 million will be realized in early December and will be based on the average Brent oil price for the period November 5th through 20th. The current Brent price is US$112 and the average Brent price for the month of October was US$107.https://www.marketwire.com/press-release/candax-completes-oil-equity-lifting-tsx-cax-1582920.htm