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Share Name | Share Symbol | Market | Type |
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Carmax Mining Corp (delisted) | TSXV:CUX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:1176R Centurion Energy International Inc. 21 October 2003 NEWS RELEASE DATE: October 21, 2003 Centurion Energy International Inc. ("Centurion") GELGEL FIELD IN SOUTH MANZALA, EGYPT COMMENCES PRODUCTION. TOTAL CENTURION PRODUCTION EXCEEDS 9,900 BOEPD Said Arrata, Centurion's President and CEO is pleased to announce that the Gelgel field commenced production on October 20, 2003, from the company's South Manzala Development Lease (Centurion 100% working interest) located in Egypt's Nile delta region. The Gelgel field commenced production under natural flow on October 20, 2003 and has brought total production from the South Manzala area to 33 mmcf/day, and has raised company-wide production to approximately 9,900 boepd. Centurion is completing the compression facilities which will increase total production from the South Manzala area and stabilize production to the contracted production rate of 35 mmcf/day. Completion of the compression facilities is expected in mid November, 2003, at which time total production will exceed 10,000 boepd. This increase in production will allow Centurion to begin a new phase of high impact exploration. As previously released on October 16, 2003, Centurion has announced a financing initiative which is expected to close within the week. These funds, in addition to current operating cash flow will be used to further explore and develop Centurion's current land holdings, in addition to pursuing several strategic acquisitions of proven producing properties. -30- 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 Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. For More Information: Said S. Arrata, President and CEO, or Barry W. Swan, Senior Vice President, Finance and CFO, Tel: (403) 263-6002 / Fax:(403) 263-5998 / E-mail: info@centurionenergy.com Web: http://www.centurionenergy.com Chris Steele / John Bick Holborn Tel: +44 (0) 20 7929 5599 David Newton / Joe Nally Williams de Broe Tel: +44 (0) 20 7588 7511 This information is provided by RNS The company news service from the London Stock Exchange END DRLUARRROBRRUAA
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