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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8300)	1/6/1998 5:30:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Centurion Energy Int'l Spuding Ezzaouia Well No. 12 CENTURION ENERGY INTERNATIONAL INC. TSE SYMBOL: CUX JANUARY 6, 1998 Centurion Announces Spudding of Ezzaouia Well No. 12 CALGARY, ALBERTA--Centurion Energy International Inc. (CUX-TSE) announces that the Ezzaouia No. 12 well located in the Ezzaouia oilfield on the southeast coast of Tunisia, was spudded on December 27, 1997. The well is being directionally drilled to test the fractured Jurassic M'Rabtine reservoir at a vertical depth of 2200m subsea. Production from the well will be tied in immediately to the company's existing processing facilities for delivery by pipeline to the Port of Zarzis. Centurion, through its wholly owned subsidiary, Ecumed Petroleum Zarzis Ltd., holds a 31.3 percent interest in the Ezzaouia oilfield which is currently producing approximately 3800 barrels of oil per day from 2 wells in the Cretaceous Zeebag and 5 wells in the Jurassic M'Rabtine formations. Centurion Energy International Inc. trades on the Toronto Stock Exchange under the symbol "CUX".

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