Candax Energy Inc Reports on Belli Test Results

Candax Energy Inc's initial work on reopening the Belli-1 well have indicated that the well, in its current configuration, will not be brought back to commercial production.

The test procedures involved a workover to reperforate the reservoir, a swabbing test of the formation and an extended well test using Sucker Rod Pumping (SRP). The SRP production test was halted due to fluid segregation in the casing which prevented the small volume of oil produced to flow through the tubing.

The Belli field is one which has in the past produced in excess of 10,000 bopd. Candax intends to move forward with studies to explore the possibility of further potential.

"While it is disappointing we were not able to the reinvigorate the Belli-1 well through a simple reopening," commented Candax CEO Benoit Debray, "We will continue to evaluate other possibilities for production on this field which was once such an active producer."

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