VOL. XLVI
No 35
01-September-2003
TUNISIA
Petro-Canada Farms Into Centurions Mellita Permit
Centurion Energy and Petro-Canada announced on 21 August they had concluded a financing agreement covering the Mellita Exploration Permit located offshore Tunisia and owned 100% by Centurions wholly owned subsidiary Ecumed Petroleum (Grombalia). Under the terms of the agreement Petro-Canada will become operator and will fund 100% of the cost of an exploration program, up to $13.5mn, in return for a 72.5%...
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