Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Candax Energy Inc CXEYF



GREY:CXEYF - Post by User

Comment by Corpkidon Nov 14, 2012 5:48pm
156 Views
Post# 20601135

RE: RE: RE: BIG TIME DEBT

RE: RE: RE: BIG TIME DEBT

the company is sitting on 20 trillion (circa) cubic feet of gas and if you extend beyond the borders of Candax the gas moves up to the 200 trillion cubic feet range.  Believe me Marathon drilled it 8 times blowing the hole with high pressure.  The oil production in tunisia is simply the cash machine to fuel future drilling.  the company generates 20 million annually at 575 bopd, which is ample to fund drilling, workovers and pay debt and the World Bank thinks so tooooooo.  they just didn't call that little tanker down from Italy to do an oil lifting this quarter, hence the nil dollars reporting.  Plenty of room in the transmed gas trunk line for candax to tap and believe me Italy (Europe) would rather depend on Tunisia to supply gas rather than the ruskies, they just turn to gas line off when they feel like it whoa.

<< Previous
Bullboard Posts
Next >>