Last C$0.0050 CAD
Change Today -0.005 / -50.00%
Volume 110.5K
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As of 1:48 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

candax energy inc (CAX) Snapshot

Open
C$0.0050
Previous Close
C$0.01
Day High
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Day Low
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52 Week High
10/1/14 - C$0.03
52 Week Low
12/19/14 - C$0.0050
Market Cap
5.3M
Average Volume 10 Days
123.6K
EPS TTM
C$-0.02
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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candax energy inc (CAX) Details

Candax Energy Inc. acquires, explores for, and produces oil and gas in Tunisia. The company's primary producing assets include the El Bibane, Robbana, and Ezzaouia fields that are located in the southern Gulf of Gabès area in Tunisia. It also holds an interest in an exploration permit in Madagascar. The company was formerly known as Addax Energy Inc. and changed its name to Candax Energy Inc. in June 2004. The company was incorporated in 2004 and is headquartered in Toronto, Canada. Candax Energy Inc. is subsidiary of Geofinance N.V.

48 Employees
Last Reported Date: 03/27/14
Founded in 2004

candax energy inc (CAX) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

candax energy inc (CAX) Key Developments

Candax Energy Inc. Reports Unaudited Earnings and Operating Results for the Third Quarter and Revenue Results for the Nine Months Ended September 30, 2014

Candax Energy Inc. reported unaudited earnings and operating results for the third quarter and revenue results for the nine months ended September 30, 2014. For the quarter, the company reported loss of $7.5 million compared to a loss of $2.9 million for the same period last year. The difference relies on an impairment loss on El Bibane, amounting to $6.6 million corresponding to a total write-off of the recoverable value of the asset. The company continues to improve its operating profit. The company is able to generate positive cash-flow from its operations. Production, net of royalties, for the quarter ended September 30, 2014 was 528 bopd compared to 368 bopd for the same period last year. The increase was a result of the improved production due to a successful workover campaign in the Ezzaouia field ending with the restart of Ezzaouia-9 on June 29, 2014. In addition, the gas cycling program on the El Bibane asset continued to yield good results. Revenue for nine months period ended September 30, 2014 was $14.0 million compared to $8.3 million for the same period last year.

Candax Energy Inc. Reports Unaudited Earnings and Operating Results for the Second Quarter Ended June 30, 2014

Candax Energy Inc. announced unaudited earnings and operating results for the second quarter ended June 30, 2014. Production, net of royalties, for the quarter ended June 30, 2014 was 483 bopd compared to 457 bopd for the same period last year. The increase was a result of the improved production due to a successful workover campaign in the Ezzaouia field. In addition, the gas cycling program on the El Bibane asset continued to yield good results. Revenue for the quarter ended June 30, 2014 was $8.2 million compared to $8.3 million for the same period last year. The revenue is recognized seasonally due to the seasonal time interval between oil liftings, which resulted in 81,112 barrels of oil being transported to market during the second quarter. The company reported a loss for the quarter ended June 30, 2014 of $0.4 compared to a profit of $0.1 million for the same period last year. The difference relies on deferred tax adjustments recognized in 2013. The company continues to improve its operating profit.

Candax Energy Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Candax Energy Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating loss of $638,000 compared to an operating loss of $869,000 for the same quarter ended March 31, 2013. Loss before income tax was $1.51 million, compared to a loss before income tax of $1.39 million for the same quarter ended March 31, 2013. Loss was $1.51 million, compared to a loss of $1.87 million for the same quarter ended March 31, 2013.

 

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