Centurion Energy International: Belli-1A Re-entry Drilling Update.CALGARY, Alberta--(BUSINESS WIRE)--Oct. 5, 1999-- Centurion Energy International Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CUX CUX Corporate University Xchange (provides education research, benchmarking and advisory services to corporate America) .) Mr. Said Arrata reports: The Belli-1A re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the well is drilling ahead on Centurion's 10,864 acre Belli Concession in Tunisia. A 7-inch liner has been cemented into the El Haria shale that overlies the target Abiod formation. Centurion owns a 50% per cent interest in the well. The well is currently drilling at 1,515 meters and is expected to reach a total depth of 1,750 meters in the targeted Abiod formation in approximately two weeks. Certain statements contained in this press release may be considered as "forward-looking" statements. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion