Why is it that something so simple is made so complicated especiall by the
aptly named Blind bat?
Candax has no money to drill wells. This is why they gave away 90% of their interest
in Madagascar as they could not afford to drill it.
Also not enough money to re-drill ElBibane and replace the tubing. Needed a drilling rig
and needed to redrill and replace tubing. Not enough money. So pump to
remove water using existing tubing and result is 200 bls/oil. Going to get another pump and
when they have news on this - so will you.
Everything else is being studied with partners as CAX cannot afford to do much
alone and cannot afford to get even one thing wrong.
Because even though they have some cash and some oil -
Enormous debt for small company.
As for CAX sitting on trillions of cu/ft of nat gas -
HA HA HA HA HA HA HA HA
Tomorrow they will start brining it up and the sp goes to 5 bucks.
HA HA HA HA HA HA HA