Centurion Energy Intl Inc Message Board

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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: semi_infinite who wrote (304)	11/9/2005 8:32:01 PM
From: HotnSpicy	Read Replies (1) of 350

TMY has it's warts, no doubt. Tremendous problems and delays with their completion efforts. The ESP took me by complete surprise when that was suggested at this early stage with light oil and relatively big GOR and pressure. Why this is even being considered at this stage is not clear to me other than they have tried a lot of techniques so far without great success. Tried an exotic frac earlier in the year and it seems as if they managed to split the casing...Very frustrating to be sitting on such a big field and not be able to get the wells to produce effectively. THe company is run by a bean counter who seems to have no idea how to manage the development. Made some egregious promises and failed to even come close to meeting them. Finally hired a oil man earlier this year to handle the field development, so this idea of and ESP had to come from him. I don't expect any miracles. I'd be very happy with ~1000 boed wells like Nelson averages in Alibekmola. As for the Yahoo board, it is mostly worthless. Only Geomean seems to post decent material, even if he is a little optimistic about production success. Raging Bull is better. Some German investors post info from time to time.

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