Century Energy has suspended operations on its Vawn 10-30 well due to having encountered heavy water flows and only marginal amounts of oil which is not uncommon in the nearby Edam Pool where large water volumes often precede oil inflow.

The Company is conducting an operational and technical review to determine the feasibility of producing from this well bore and the 18 meters of heavy oil pay confirmed by logging operations conducted in December, 2011.

The Company and its 50% partner believe there could be a significant, although currently problematic resource still to be developed on this property.

Tags: Century Energy