In addition to the mature producing assets, Candax is exposed to significant exploration upside through two large Triassic structures below the Ezzaouia and El Bibane fields.
These structures have been mapped using both 2D and 3D seismic at the Triassic level, with the prospective reservoir postulated to be an equivalent TAGI Formation, which is a prolific reservoir in Algeria, Libya and southern Tunisia (Borma field).
The mapped closure on the Ezzaouia prospect covers over 130 square kilometres. The combined exploration potential of these prospects is very significant, with unrisked estimates of GIIP being greater than 3 Tcf of gas. Candax intends to drill the Deep Triassic target(s) under Ezzaouia and El Bibane as and when finances allow.