SOURCE: Century Petroleum Corp

June 12, 2007 09:23 ET

Century Petroleum: Thunder Stud Operations Update

HOUSTON, TX--(Marketwire - June 12, 2007) - Century Petroleum Corp. (OTCBB: CYPE) ("Century" or "the Company") is pleased to provide an operations update on the Thunder Stud Prospect.

The initial exploratory well in the Thunder Stud Prospect (Calcasieu Parish, LA) has reached TD of 17,905 feet. Petrophysical analysis suggests that multiple pay horizons have been encountered. The operator has run a 7-5/8" liner tied back to 10,368 feet and a wellhead has been installed in preparation for a production test later this year. Additional technical data from the well shall remain restricted until all new information is evaluated and incorporated into geological interpretation. Century will provide additional information as necessary in compliance with full disclosure requirements.

"The EW Brown number 1 is an important milestone for Century. We are optimistic with the results to date although we will require further assessment to determine the economic potential of the well and of the whole project," said James Hersch.

Further Information

Shareholders and interested parties are encouraged to visit Century Petroleum's website at www.centurypetrol.com and sign-up to receive news on the company as it becomes available. Otherwise a corporate information package can be requested by contacting shareholder relations at toll-free 1-877-284-8258.

About Century Petroleum Corporation

Century Petroleum Corporation is a publicly traded, dynamic junior oil and gas exploration company currently focused on making significant commercial petroleum discoveries in the Southern States. Century Petroleum Corporation's intent is to build near-term shareholder value by initially focusing its activities in proven domestic hydrocarbon basins. Century Petroleum Corporation trades on the NASD OTC BB under the symbol: CYPE.

On behalf of the Company

James Hersch
Chief Executive Officer
Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Century Petroleum Corp can identify and successfully negotiate leases for oil and gas properties, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the US Securities and Exchange Commission.

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