Candax Energy Inc.
Candax Energy Inc. (Candax Energy) is a Canadian energy company. It is principally engaged in the exploration, acquisition, development and production of natural gas and crude oil resources. The company also has involved in power generation. Its key operating regions include the Middle East and North Africa. Currently, all the operating assets of the company are located in Tunisia. The key oil fields of the company are El Bibane field, Ezzaouia field, Al Manzah field, Robbana field and Chaal permit. The average daily production for the year was 2,368 boe/d. It is headquartered in Toronto, Canada.The company reported revenues of (Canadian Dollars) CAD 35.5 million during the fiscal year ended December 2008, an increase of 140.1% over 2007. The operating loss of the company was CAD 9.4 million during the fiscal year 2008, as compared to an operating loss of CAD 9.6 million during 2007. The net loss of the company was CAD 13.1 million during the fiscal year 2008, as compared to a net loss of CAD 9.3 million during 2007.