Centurion Energy Puts Al Manzah #2 on Production
Thursday October 12, 9:48 am Eastern Time
Press Release
CALGARY, Alberta--(BUSINESS WIRE)--Oct. 12, 2000--Centurion Energy International Inc. (TSE: CUX. - news) announces that the evaluation program for the Al Manzah #2 development well located on the company's Grombalia Permit in Tunisia has been completed.
The Al Manzah #2 horizontal well has flowed at rates from 1,500 bopd to 9,000 bopd and the well has been put on production at a rate of 4,000 bopd.
Drilling preparation continues for the second development well, Al Manzah #3, which is expected to spud in mid November. The Al Manzah #3 well will also be a horizontal well.
Centurion Energy is the operator of Grombalia Permit through its subsidiary Ecumed Petroleum and owns 37.5% net working interest in the Al Manzah field.
In addition to the development drilling in Tunisia, Centurion is preparing for a re-entry well on the El Wastani field in Egypt. A drilling rig has been contracted for the El Wastani #2 re-entry well which is expected to spud in early November.
Certain statements in this press release constitute forward looking statements. The information in this press release is based on Centurion Energy's current information, expectations and assumptions, and is subject to a number of uncertainties and risks which could cause the actual results to differ materially from those anticipated. Such risks include, among others, the risk that production flow rate could be materially less then the flow rate tested and the uncertainty as to the timing of the commencement of production and continuing production levels.
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Contact:
Centurion Energy International Inc.
Said S. Arrata
President and CEO
Tel: 403/263-6002
Fax: 403/263-5998 (FAX)
-or-
Centurion Energy International Inc.
Barry W. Swan
Senior V.P. Finance and CFO
Tel: 403/263-6002
E-mail: contact@centurionenergy.com
Website: www.centurionenergy.com |
