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Candax Energy Inc.
Oil And Gas Field Exploration Services Canada
Toronto Stock Exchange: CAX | OTC Bulletin Board: CXEYF
Listed in: : Oil, Gas & Energy
Company Description
Candax Energy Inc. (TSX | CAX) is a Toronto-based oil and natural gas E&P company that has four onshore concessions and one offshore concession in Tunisia and an exploration permit in Madagascar. Independent reservoir studies have confirmed significant upside potential on Candax’s assets including up to 25 million barrels of oil in place on its Robbana concession where Candax will be undertaking a waterflood program in late 2011.
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Executives
- Benoit Debray, CEO
- Mr. Debray has close to 30 years experience in the international E&P and oilfield service industries. He has been Chief Operating Officer and board member of Geoservices from 1999 to 2007. Prior to this position, he was drilling and production deputy director for the French Institute of Petroleum. His initial position in the E&P industry was with Elf Aquitaine as a reservoir engineer and he has extensive service industry and operations experience in well testing and production logging, R&D, marketing and key account management. Benoit Debray graduated with a degree in petroleum engineering and mechanical engineering (Ecole Centrale de Nantes). He also holds an Executive MBA from HEC Paris.
- John Younger, President
- John Younger has a strong capital markets background having worked for RBC Capital Markets in New York and Toronto where he held a number of senior positions including Head of US Debt Capital Markets. Prior to joining Candax as President and Chief Executive Officer, John Younger taught economics and finance at Uruguayan American School in Montevideo and he provided consulting services in the areas of natural resources and agriculture. John Younger is a Chartered Financial Analyst and he holds a Finance and Accounting degree from the London School of Economics and a Bachelor of Arts from McGill University.
- Pierre-Henri Boutant, Chief Financial Officer
- Pierre-Henri Boutant joined Candax as Chief Financial Officer on February 1, 2012. Pierre-Henri Boutant has 15 years of experience primarily in the oil and gas industry. His most recent position was Corporate Finance Manager of Geoservices, an upstream oilfield service company operating in 50 countries worldwide with a team of more than 5,000 employees that was acquired by Schlumberger Limited in early 2010, a position he was promoted to after holding the positions of District Controller for Operations in Africa and Area Controller for North and South America. Prior to joining Geoservices, Pierre-Henri Boutant spent four years with Elf Aquitaine in France and Gabon and four other years as manager for Bearing Point, a business consulting firm. Pierre-Henri Boutant holds a Certificate in Accounting and Financial Studies and a Masters Degree in Management from the Institut Supérieur du Commerce de Paris, France.
- Pascal Mirville, COO & General Manager Tuisian Operations
- Pascal Mirville has over 30 years experience in the oil and gas industry having managed numerous operations including holding the position of District Manager in West Africa and Vice President, Americas managing operations in North and South America on behalf of the Geoservices Group. Mr. Mirville has an electronics degree from Ecole Central d'Electronique Paris. He is based in Tunis on behalf of Candax.