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CUX Carmax Mining Corp (delisted)

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Share Name Share Symbol Market Type
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
  0.00 0.00% 0 -

Drilling Report

26/01/2004 2:30pm

UK Regulatory


RNS Number:6310U
Centurion Energy International Inc.
26 January 2004


NEWS RELEASE

DATE:   January 26, 2004


       ROBANNA-2  EXPLORATION WELL IN TUNISIA  SPUDDED JANUARY  23, 2004


Centurion is pleased to announce that the Robanna-2 exploration well spudded on
January 23, and is currently drilling ahead.


As previously announced, the well is planned for a total depth of approximately
2,800 meters to test the Upper and Basal Sands of the Lower Cretaceous Meloussi
formation.   It is anticipated that the drilling operation will take about 45
days.  The well is being drilled on Centurion's Robanna Concession located in
south-central Tunisia on Djerba Island.  Centurion has an 80%  working interest
with no government back-in right.


This is the first well to be spudded as part of Centurion's planned active
drilling program in Tunisia and Egypt  where fifteen wells are planned for 2004
and a further 8 wells are planned for 2005.


Centurion is an active explorer and producer in both Tunisia and Egypt and
currently has company-wide production of 10,400 boepd.


                                      -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

DRLUNVURSBRAUAR

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