Centurion Continues Success in Egypt
Centurion Energy International
|Tuesday, October 12, 2004
South Manzala Drilling Program
Centurion Energy International reports that preliminary testing of its Gelgel 4 exploration well is complete and the well tested at 10.4 mmscf per day from a 6 meters perforated interval of the El Wastani reservoir.
The well is a new structure that will add new reserves and is located approximately 5 kilometers east of the main Gelgel pool where Gelgel 1 and 2 currently produce and where the Gelgel 3 well is located.
Gelgel 4 has been shut in awaiting installation of gathering lines and will be producing into our existing South Manzala production facilities as soon as the first phase of facility expansion and upgrades are complete, expected by year end.
The next well planned in the South Manzala area is Abu Monkar 2 which is expected to spud during November. This will be a deeper test to explore the liquid rich gas potential in the Abu Madi formation.
El Wastani Drilling Program
A second rig will be available before the end of October and the drilling program will be resumed with the spudding of El Wastani East 2. This well is targeting the Upper Abu Madi formation at a depth of approximately 3,100 meters.
Ezzaouia Drilling Program
The third well in the program, Ezzaouia 16, has reached total depth and the primary target in the Zeebag formation found a porous reef separate from the existing producing Zeebag wells but the reservoir was water-bearing.
A secondary target, the Ketatna formation, was encountered up-hole from the Zeebag. The well had oil shows over a 13 meter interval during drilling. The commerciality of this zone will be further evaluated.
Current production of gas, oil and liquids in Egypt and Tunisia is approximately 14,000 boe per day. Centurion's Egyptian drilling program continues with production expected to reach 250 mmscf per day by the end 2005.