Century Energy Ltd.
TSX VENTURE : CEY

January 29, 2010 09:30 ET

Century Energy Ltd. Announces Farmout Agreement With Atikwa Resources Inc.

HOUSTON, TEXAS--(Marketwire - Jan. 29, 2010) - Century Energy Ltd. ("Century" or the "Company") (TSX VENTURE:CEY) is pleased to announce the signing of a Farmout Agreement with Atikwa Resources Inc. ("Atikwa") covering two sections of land in the Roncott Field area of Saskatchewan ("Lands"). The Agreement requires Atikwa to drill and complete or cap and abandon a well ("Test Well") on the Lands to earn 50% of Century's interest in the section of the Lands where the Test Well is located, if the Test Well is a vertical well, or 50% of Century's interest in all of the Lands, if the Test Well is a horizontal well. If the Test Well is a vertical well, Atikwa will have the option to drill a well on the undrilled section of the Lands to earn 50% of Century's interest in that section. The Test Well is currently scheduled to spud on February 10, 2010.

About Century Energy Ltd.

Century Energy Ltd. is an oil and gas exploration company pursuing opportunities in Canada and the United States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. Newswire Services or for dissemination in the United States.

Contact Information

  • Century Energy Ltd.
    Jimmy McCarroll
    President
    (713) 658-0161 or Toll Free (U.S. Only): 1-877-243-4153