Centurion Energy Provides Al Manzah #2 Production Update.

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Sept. 25, 2000

Centurion Energy International Inc. (TSE:CUX.) announces that a production test commenced on Saturday, September 16, 2000 for the recently drilled Al Manzah #2 development well which is located on the company's Grombalia Permit in Tunisia.

The Al Manzah #2 well is currently undergoing an evaluation process to gather necessary information on reservoir and facilities performance in order to determine the optimum rate at which the well should be produced. The evaluation process, which will last approximately 21 days, involves producing the well at increasing rates of production and shutting in the well between flow tests.

As of September 21, the well produced at a rate of approximately 4000 bopd (gross) with a gas to oil ratio of approximately 300 cubic feet per barrel. Higher rates of production are expected to be reached during the evaluation. No water has been produced from the well to date. The oil is being sold to a local refinery at a price of Brent Oil plus a $0.50 premium (U.S. dollars).

The second development well, Al Manzah #3, is expected to spud by late October.

Centurion Energy is the operator of Grombalia Permit through its subsidiary Ecumed Petroleum and owns 37.5% net working interest in the Al Manzah field.

In addition to new production from Al Manzah #2, Centurion is presently producing from three fields in Tunisia. The company's land position in Tunisia totals over 1.3 million net acres with high exploration potential.

Headquartered in Calgary, Centurion Energy is also involved in exploration and development of the El Manzala Concession in Egypt.

Certain statements in this press release constitute forward looking statements. The information in this press release is based on Centurion Energy's current information, expectations and assumptions, and is subject to a number of uncertainties and risks which could cause the actual results to differ materially from those anticipated. Such risks include, among others, the risk that production flow rate could be materially less then the flow rate tested and the uncertainty as to the timing of the commencement of production and continuing production levels.