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 (298)	11/4/2005 12:47:01 AM
From: HotnSpicy	Read Replies (1) of 350

The NG contract is fixed for 250MMcfd. Per that recent PR, any production over that amount will be bought by Egypt on the same terms, but CUX will be able to capture world pricing if they can supply the LNG trains. CUX said they may take an equity position in a LNG train to assure themselves of an outlet. I expect some sort of announcement near term (Q1 or so). But NG is becoming less and less predominant with the recent oil find at El Wastani. NGL's and oil account for about 20% of production. With the big exploration targets looking for oil (Amira offshore Tunisia, Kom Ombo and Sao Tome) and liquid rich NG (Abu Monkar), CUX should gradually get much higher average prices for their production. Still, the recycle ratio for their production is 4x or more. Excellent economics.

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