TUNISIA - Al Manzah (WI 75%)

The field began production in 1999 and at the end of 2004 had cumulative oil production of 1.7 MMbbls. Al Manzah watered out in late 2004 and was acquired by Candax with no attributed reserves in the “Centurion acquisition”.

Approximately 100,000 bbls net to Candax have been produced since December 2005 following a successful workover completed in August 2005. The well watered out in late 2007 and production ceased.  Candax is examining options for deeper prospectivity or abandonment.