Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

tunisia

Centurion Closes Sale Of Tunisian Properties To Candax

Canadas Centurion Energy International on 26 April announced the closure of the sale of its Tunisian producing properties to Candax Energy for C$43.7mn, including working capital adjustments effective 1 January 2005. Centurion first announced the sale in February (MEES, 11 March). Centurions ownership in the Mellita Permit and the accompanying PetroCanada farm-out are not included...