Aug 7 (Reuters) - Candax Energy Inc CAX.TO :
* Announces second quarter financial & operating results
* Average production, net of royalties, for quarter ended June 30, 2015 was 404
bopd compared to 483 BOPD for the same period last year
* Says "uncertainties cast significant doubt upon the company's ability to
continue as a going concern"
* Reported a loss for the quarter ended June 30, 2015 of $4.1 million compared
to a loss of $0.5 million for the same period last year.
* Says to address its financing obligations, the company has actively worked on
strategic and financial alternatives
* Says board of directors and the management of the company are considering
going private options
* As there were no sales, qtrly quantity of oil in inventory has increased by
32.4 KBBS, equivalent to $1.9 million
* Source text for Eikon ID:nMKWJNcvya
* Further company coverage CAX.TO