Candax Energy report that the well intervention on El Bibane-4 (EBB4) well has been completed and operations resumed with an encouraging 215 barrels per day of condensate production.

In April, 2012, Candax management met with the Tunisian Authorities (Direction General de l'Energie) to review various scenarios and to discuss a plan to develop El Bibane. At the meeting it was decided to initiate a "gas cycling pilot" to assess the potential for condensate recovery by producing wet gas from El Bibane-5 ("EBB5") and reinjecting dry gas on EBB4.

The gas injection process on EBB4 started on May 28th, 2012 after a production test was successfully completed. During the summer Candax tested the optimal parameters and planned an offshore intervention on EBB4 to configure the well for long term injection. On Sept 29th, EBB5 well was shut in and the system depressurized in preparation for the EBB4 well intervention. On Oct 3rd, a barge was positioned near the EBB4 platform and the long term injection configuration was completed on Oct 7th.

Tags: Candax Energy Inc.