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

To: SofaSpud who wrote (11346)	6/20/1998 5:07:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Centurion Energy International Inc. & Marathon Petroleum Announce Egyptian Natural Gas discovery EGYPTIAN GAS DISCOVERY ANNOUNCED HOUSTON, June 19 /CNW/ -- Marathon Petroleum El Manzala Limited and Centurion Energy International Inc. have announced a gas discovery on the onshore El Manzala concession approximately 100 miles north of Cairo, Egypt. The Abu Monkar No. 1 well flowed at a maximum rate of 21.6 million cubic feet of gas per day through a 56/64-inch choke from an interval between 4,172 feet and 4,208 feet in the Kafr El Sheikh formation. Flowing tubing pressure was 1342 pounds-per-square-inch. The well has been suspended pending further appraisal work. Under terms of a farmout agreement, Centurion is earning a 40 percent working interest in the 840,000-acre El Manzala concession. Marathon Petroleum El Manzala will retain a 60 percent interest in the concession which was awarded by the Egyptian government in May of 1995.