Further re UK Placing

RNS Number:8635C
Centurion Energy International Inc.
10 September 2004


       CENTURION ENERGY INTERNATIONAL INC. ("CENTURION" OR "THE COMPANY")

                             FURTHER RE UK PLACING

Further to Centurion's announcement of 7 September 2004, application has been
made for 1,515,151 new common shares in Centurion ("the UK Placing Shares") to
be admitted to trading on the Alternative Investment Market of the London Stock
Exchange ("AIM"). The shares are being issued pursuant to the UK private
placement announced on 25 August 2004. The UK Placing Shares will have the ISIN
'CA 1559051026' and trade under the symbol 'CUX'. These shares are being issued
as replacement for the 1,515,151 separate restricted common shares previously
issued (ISIN 'CA 1559052016' and symbol 'CUXa'), which have been cancelled.

Due to Canadian resale restrictions, the UK Placing Shares cannot be sold or
traded in Canada over the facilities of the Toronto Stock Exchange or otherwise
or for the benefit of a resident of Canada until 9 January 2005.

The UK Placing Shares will rank pari passu in all respects with the existing
common shares of Centurion, save in respect of the Canadian resale restrictions
described above. Dealings are expected to commence in the UK Placing Shares at
8.00 a.m. on 14 September 2004. Centurion has received listing approval for the
listing of the UK Placing Shares on the Toronto Stock Exchange, to commence
following the expiry of the restricted period referenced above.

As a result, the 1,515,151 separate restricted common shares of Centurion, which
have the ISIN 'CA 1559052016', the symbol 'CUXa' and are currently suspended
from trading on AIM, will have their admission to AIM cancelled at the time of
admission of the UK Placing Shares to AIM at 8.00 a.m. on 14 September 2004.

Centurion is a Calgary-based oil and gas exploration and development company
engaged in the exploration, development and production of oil and natural gas in
Tunisia and Egypt. Centurion has embarked upon an aggressive drilling program on
its two production leases in the Nile Delta region of Egypt. The Company has
previously announced its plans to substantially increase gas production from
this area and now is estimating capital expenditures in excess of $100 million
US over the next sixteen months to drill additional exploration and development
wells, add new infrastructure and expand existing facilities. This aggressive
expansion program has required the Company to augment its existing working
capital position and existing lines of credit with new capital.

Certain statements in this News Release constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward looking statements.

For further information contact Said S. Arrata, President and CEO, or
Barry W. Swan, Senior Vice President and CFO of Centurion;

Tel: [phone]
Fax: [phone]
E-mail: [e-mail]
Web: http://www.centurionenergy.com

or

Michael Shaw of Williams de Broe Plc
Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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