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at the bottom looks here .084 They are due for news soon it seems
latest PR Centurion Participates in Drilling of Gas Condensate in Texas Tuesday December 13, 4:46 pm ET
JOHANNESBURG, South Africa--(BUSINESS WIRE)--Dec. 13, 2005--Centurion Gold Holdings, Inc. (OTCBB:CGHI - News), a natural resource development company, today announced it will be drilling its first gas well in its South Texas joint venture with Escopeta Oil on the BBB prospect. Centurion has a 10% interest in this well which is located in Wharton, Texas. The project will cost approximately $2.292 million and is expected to produce 4.0 BCF of gas and 100,000 BO. Drilling is to commence the week of December 15th, 2005 and is expected to be completed by January 15th, 2006. Flow rates are anticipated to be 3.000 MCF and 100 BO/day which should be on line by the end of February 2006. The prospect was developed by Escopeta & Premier E&P. ADVERTISEMENT
CEO and Chairman of Centurion Gold Holdings, Inc., Dale Paul, commented, "This is one more project that is representative of Centurion's strategy in developing undervalued assets that have the potential to generate a strong return on investment. This project is particularly attractive in that it can be developed within a quick timeframe. Our partners at Escopeta have a very solid experience and understanding of the oil and gas market and have brought Centurion exceptional opportunities that create shareholder value."
About Escopeta Oil Co., LLC:
Escopeta Oil is an independent oil company based in Houston, Texas and holds State of Alaska Leases located in the Cook Inlet Basin, Alaska, known as "The Kitchen Prospects." Escopeta's extensive geological research and state of the art reprocessed seismic data of the Kitchen Prospect area has resulted in Escopeta's management and professionals estimating that the "Kitchen Prospects" could possibly contain recoverable reserves up to 7 trillion cubic feet (7.0 TCF) of Natural Gas and between 435 million to one billion two hundred million (1.2 billion) barrels of oil. The principals of Escopeta hold interests in the 160 million barrel "Cosmopolitan" Field operated by Conoco Phillips in the Cook Inlet Basin, Alaska. Escopeta has demonstrated its Cook Inlet Basin insight in 1995 with a participation in the leases that now comprise a large part of the "Cosmo" discovery.
Centurion Gold Holdings, Inc.:
Centurion Gold Holdings is a resource development company that acquires, develops, or spins out natural resource assets. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the South African government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating never-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations professionals to exploit these opportunities, and is positioning itself to become an international natural resource developer by continually implementing its "growth through acquisition" strategy. www.centuriongold.com
Forward-Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.
Contact: In the United States: MCC Financial Services Leslie Richardson, 310-453-4667 x239 ir*mccglobal.com or Escopeta Oil Co., LLC Danny S. Davis, 713-623-2219 escopeta*swbell.net or In Europe MCC Financial Services Carrie Howes, +44 (0) 207 408 5406 ir*mccglobal.com
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I'd like to see .14. LOL They thickened the bid up and the ask...we shall see. If it doesn't get too high, I'll grabbed more on Monday.
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I've been to Newark a few times visiting my company's branch there. Right across the street from the rather large Prudential building there. Maybe you know where I mean, being from that area and all.
The summer vacations to Wildwood are my favorite trips though.
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