Tunisia: Candax adding interests in two oil fields

By OGJ editors

Candax Energy Inc., Calgary, will acquire interests in Ezzaouia and El Bibane oil producing fields in Tunisia from PA Resources AB, Stockholm, for $4 million, subject to partner and government approval.

A Candax subsidiary operates the fields, which produce a combined 100 b/d net to the PA Resources interests from net proved and probable reserves of 500,000 bbl of oil equivalent. PA Resources working interests are 13.6% in Ezzaouia and 23.9% in El Bibane.

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