TITLE

Candax Energy announces sale of working interest in Block 1101, Madagascar to Oyster Oil & Gas

PUB. DATE
June 2013
SOURCE
African Business News;6/30/2013, p2
SOURCE TYPE
Newswire
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of the 10% working interest of Candax Madagascar Ltd. (CMl), a subsidiary of Candax Energy Inc., in the onshore exploration Block 1101 in Madagascar to Oyster Oil & Gas Ltd. Under the sale, Candax will have a share of future production royalties and certain future payments from Oyster. It adds that the sale is subject to government approval and completion of due diligence.
ACCESSION #
92000638

 

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