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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (9960)	4/6/1998 8:56:00 PM
From: Herb Duncan	of 15196

FIELD ACTIVITIES / Centurion Energy - El Biban is Producing at 4000 Barrels of Oil Per Day and Progress on Ezzaouia Development TSE SYMBOL: CUX APRIL 6, 1998 CALGARY, ALBERTA-- El Biban Field Centurion Energy International Inc. is pleased to announce that the El Biban field in Tunisia, North Africa, has produced for approximately a month and has reached a stabilized flowing production rate of 4000 bopd (net to Centurion 2,950 bopd.) Centurion has a 73.7 percent working interest in the El Biban field (Aminex Tunisia Ltd. 26.3 percent) and the increased production from this field will have a significant impact on cash flow. Netbacks on this field will be in excess of $15 Cdn. based on current oil prices. Ezzaouia Field Development Ezzaouia 8 was spudded on March 2 and has reached TD. A production liner is being run and then the well will be logged. Ezzaouia 12 is being evaluated as separate zones are being perforated and flow tested. Results of these two wells will be announced soon. Presently the total net production of the company's operation in Tunisia is 4100 bopd from the El Biban, Ezzaouia and Robanna fields. Centurion Energy is a Calgary-based oil and gas company with production, development and exploration assets in Tunisia and a 40 percent interest in an exploration license in Egypt. Centurion Energy's common shares are listed on the Toronto Stock Exchange under the symbol CUX. This press release contains certain statements that involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Centurion to be materially different from any future results, performance or achievements expressed or implied by the statements herein.

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