CENTENNIAL ENERGY PARTNERS, L.L.C.

October 13, 2005 17:43 ET

Centennial Energy Partners, L.L.C.-Announcement

NEW YORK, NEW YORK--(CCNMatthews - Oct. 13, 2005) - Centennial Energy Partners, L.P., Hoyt Farm Partners, L.P., Quadrennial Partners, L.P., Centennial Energy Partners V, L.P., Centennial Energy Partners, L.L.C., and Peter K. Seldin (collectively the "Reporting Persons") announce that they acquired 250,000 common shares of PetroFalcon Corporation today through the facilities of The Toronto Stock Exchange. Centennial Energy Partners, L.L.C. is the General Partner of Centennial Energy Partners L.P., Hoyt Farm Partners, L.P., Quadrennial Partners, L.P and Centennial Energy Partners V, L.P. Mr. Seldin is the Managing Member of Centennial Energy Partners, L.L.C.

As previously reported, the purchase by the Reporting Persons of common shares of PetroFalcon Corporation is for the purpose of investment. As a result of their normal course purchases, the Reporting Persons currently own in the aggregate 9,493,549 common shares of PetroFalcon Corporation, representing 12.3% of the issued and outstanding common shares. The Reporting Persons may continue to purchase common shares of PetroFalcon Corporation for investment purposes, depending on the market conditions for shares of PetroFalcon Corporation and other factors.

Contact Information

  • Centennial Energy Partners, L.L.C.
    Peter Seldin
    (212) 753-5150