As previously reported, Centurion has a 100% working interest in the El Wastani-3 well that is located 2.6 kilometers to the east of El Wastani-1 and 3.4 kilometers to the west of El Wastani-2 which are the current gas and condensate producers in the El Wastani development lease. The El Wastani-3 well was drilled using the recently completed 3D seismic survey to test a separate gas and condensate accumulation than El Wastani-1 and 2.
El Wastani-3 well is the first of 16 wells to be drilled in Egypt as part of Centurion's aggressive drilling program planned for 2004 and 2005.
Centurion is an active explorer and producer in both Egypt and Tunisia with a current net production of approximately 10,000 boepd.
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