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Candax Announces Chaal-1 Exploration Well Test Status

Source: www.gulfoilandgas.com 6/6/2006, Location: Africa

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Candax Energy Inc. announces that the Chaal-1 well test program is currently underway. Chaal-1 is a high pressure, high temperature exploration well that has required the installation of a 15,000 psi christmas tree for the testing program, instead of the 10,000 psi BOP assembly used during the drilling operations.

Mike Wood, President & CEO for Candax commented, "The procurement and installation of the 15,000 psi equipment was due to our desire to carefully manage safety matters and did cause a delay at the commencement of the testing program. Testing is underway and the test results for Chaal-1 will be released upon completion of the program."

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