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King_Su
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73.8% working interest in El Bibane crude oil and natural gas concession offshore of Tunisia in the Gulf of Gabes; 80% working interest in Robbana crude oil concession on the Island of D'Jerba in southern Tunisia; 31.4% working interest in Ezzaouia crude oil and natural gas concession in southern Tunisia; 75% working interest in Al Manzah concession in the Cap Bon Peninsula of northern Tunisia; 50% interest in natural gas-fired electrical generation facility in southern Tunisia.

3-4$ target near term...8$ longer term

good luck and let's make lots of money!!

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Fergy
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King_Su,

Thanks for the find. I will keep it on my radar but will wait to buy it if I do decide. I feel it will retrace to around $1.40 as it is getting overextended recently. Good Luck

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KingSu
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good call on the retrace! gobbled up some more at 1.41..missed the 1.30s...sector wide correction today or something....it will be back up to new highs by the end of the week..definitely by end of the month
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KingSu
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NEWS

GlobeinvestorGOLD.com Company News Alert for Candax Energy
========================
Candax Reports Q1 2006 Results
CCNMatthews


TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) -


Not for distribution to United States newswire services or for
dissemination in the United States.


Candax Energy Inc. (TSX:CAX)("Candax") today reported a first quarter
2006 profit of Cdn$1.6 million ($0.01 per common share) compared to a
loss of Cdn$0.5 million in the first quarter of 2005.


Revenues of Cdn$9.4 million were earned from the sale of approximately
134,900 barrels in the quarter, resulting in a pre-tax profit of Cdn$3.7
million. Production in the first quarter was 58,852 barrels as no
production was recorded from the El Bibane field that is being
redeveloped. Additionally, no revenue was recorded for the company's
share in the idled SEEB power generation facility as it depends on gas
from the El Bibane field. The first quarter Financial Statements and
Management Discussion & Analysis may be viewed online at www.sedar.com.


Candax Energy Inc. is an international energy company with its head
office in Toronto, Ontario, Canada and management offices in London,
Dubai and Tunis. The Company holds a number of concessions in Tunisia
through its subsidiary companies and is involved in the exploration and
production of oil, gas and power generation in the country. Candax was
formed through the combination of a highly experienced executive
management team with successful Canadian founders and financiers, to
develop an international upstream oil and gas project portfolio. Candax
is initially focusing its growth activities on production and development
projects in the Middle East and North Africa, where the group has strong
relationships as well as extensive management experience.


Certain statements in this News Release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Corporation to be materially different
from any future results, performance or achievements expressed or implied
by such forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT:
Candax Energy Inc.
John Clarke
Executive Vice President, Corporate

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KingSu
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up 10.5% so far. $2 around the corner

happy trading [Smile]

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