Michael Wood, President & CEO, commented: "The commencement of our development operations for El Bibane has slipped due to contractor delays in the final stage of fabrication and safety certification. This slippage is not creating additional costs to Candax and the avenue taken represents the most cost and time effective one for the Company to pursue. It is Candax's expectation that production from El Bibane will still re-start in the latter half of Q2 2006. There are a series of meetings with contractor senior management this week and we will keep investors advised on progress."