Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (10712)	5/16/1998 1:01:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Centurion Energy Int'l Spudding Well In Egypt CENTURION ENERGY INTERNATIONAL INC. TSE SYMBOL: CUX MAY 15, 1998 Centurion Energy - Abu Monkar Well to be Spudded in El Manzala Concession in the Nile Delta in Egypt CALGARY, ALBERTA--Centurion Energy International Inc. announces the spudding of the Abu Monkar #1 exploratory well in the Nile Delta in Egypt. The well is within the onshore El Manzala concession where Centurion holds a 40 percent working interest. The well will test a seismically defined prospect with an extensive areal extent and a "bright spot" indicative of hydrocarbon gas charged reservoirs. The Abu Monkar well is located in an area where significant gas reserves have been discovered. Based on seismic interpretation of the area, the Abu Monkar prospect could contain estimated gas reserves of 150 billion cubic feet in place at a depth of approximately 4500 feet. The national gas pipe line network crosses the northern boundary of El Manzala concession and ties in to a gas processing plant west of the concession. The Egyptian Delta is being recognized as a major world class gas province, and the World Bank recently estimated that approximately 40 trillion cubic feet of gas reserves remain to be discovered in this sector of the Egyptian aquatory.