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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: semi_infinite who wrote (317)12/3/2005 7:28:49 PM
From: Cal Gary   of 350
 
The only thing I can see that may be causing the excitement in the stock is the EWE-3 well. Currently testing with the new rig VT no 1.

By way of comparison: The EWE-2 well drilled/tested/produced about 1 year ago. It was a monster well tested at 41,000 mcf and 900 bopd condensate. Service rig/Test equipment restricted flow testing. Production was about 1/3 of the test because of facility constraint until about now that the plant commissioning is underway.

Currently on deck:
1. EWE 3 VT No 1 Testing 53m of pay
2. EW 10 ECDC No 2 Spud today
3. EW 11 PD No. 147 as of 5 days ago, 1,792m and making lots of hole
4. Abu Monkar 3 ECDC No 6 as of 5 days ago, cased to 1,380m (probably around 1,700m then) Target 2,700m.

Another note on EWE 3, the well is already connected to production facilities and CUX expectes production to commence Dec 10. They (the 2 millions shares trade) probably know this well is a gusher and will be a money contributor in 7 days.
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