Candax Commences Work-over Program at Ezzaouia

Candax Energy Inc is pleased to announce the start of the two well side-track program on the Maretap-operated Ezzaouia field, following a successful final inspection of the Ulysse rig and the commencement of operations.

The workover program includes two sidetracks to existing, but non-producing wells, as well as contingent work-overs on two further wells.

The first sidetrack, EZZ-5ST, will target the same Cretaceous Zebbag dolomite zones which were found to contain bypassed oil by EZZ-10ST in 2007 and which initially produced at approximately 2,500 bopd.

The second sidetrack, EZZ-2ST will target the lower zones of the Jurassic M'Rabtine reservoir in order to investigate potentially unproduced oil zones and to overcome the mechanical problems, which led to the shutdown of EZZ-2 in early 2009.

These side-tracks are expected to take between 25 and 30 days each to complete. Results of the two sidetracks will be announced after the work-over program has been finalized.