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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Yarek Szolomicki who wrote (5471)	10/8/1998 12:21:00 AM
From: Chi-Chi	Read Replies (1) of 24925

Yarek, Centurion recorded cash flow of $3.5 million in the first six months of 1998, including $2.4 million in the second quarter, thus showing that they can make money at these prices. Our profile did not mention that the Company netback just under $10 per BOE on field prices of $15.50 per BOE and operating costs of $4.75 per BOE. As their production is entirely oil, they have upside potential from any increase in oil prices. At the same time, they are excited about the potential of natural gas production from their Egyptian concession in 1999.

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