Candax's net production of approximately 1,100 bpd represents a doubling of current production from its onshore fields in Tunisia.
The rig mobilization for the offshore El Bibane development is on schedule for drilling to commence at the end of June/early July. As of this morning, the rig is off the coast of Morocco and is expected to enter the Mediterranean shortly.
Mike Wood, CEO, added: "Candax is pleased with the results from the Ezzaouia work-over program. We are looking forward to the commencement of drilling on the El Bibane field and to further significant production increases."
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