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Thursday, November 12 - 2009

Shell and Centurion sign Farm-In Agreement for Nile Delta onshore blocks

Shell Egypt West Manzala GmbH and Shell Egypt West Qantara GmbH (together 'Shell') are pleased to announce the signing of a Farm-in Agreement with Centurion Energy International Inc. [TSE: CUX; AIM: CUX.L] ('Centurion') through which Shell will acquire a 50 per cent interest in two Centurion-operated exploration concessions in the Nile Delta onshore Egypt, namely the West El Manzala and West El Qantara concessions (the 'concessions').

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Subject to approval from the relevant authorities and successfull outcome of exploration, Shell and Centurion would potentially co-operate in developing LNG opportunities if threshold quantities of natural gas are discovered on the concessions. Future development considerations will depend on success of the exploration program.

The farm-out to Shell is subject to obtaining the government approvals for a transfer that are required under the Concessions agreements and upon completion by Centurion of the previously announced agreement to acquire the 25% interest in the Concessions owned by CTIP Oil & Gas s.r.l ("CTIP").

The first well in the initial five well exploration program was spudded on February 7, 2006.

Exploration and appraisal wells are planned in the 2006 capital program for the two concessions. The concessions each have an initial three year exploration term with the option to extend the exploration term by two additional three year terms.

Ceri Powell, Vice President Exploration of Shell Exploration & Production Middle East, said today:

"We are excited about accessing these exploration concessions. We look forward to working with Centurion in the onshore Nile Delta area."
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Notes and media contacts

About Royal Dutch/Shell Group of Companies:
The Royal Dutch/Shell Group of Companies, "the Group", is a diverse group of energy companies with operations in around 145 countries. The Group's businesses include oil and gas exploration and production; power generation; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. The Group's parent companies are Royal Dutch Petroleum Company which has a 60% interest in the Group and The "Shell" Transport and Trading Company plc which has a 40% interest in the Group. Shares in the parent companies are traded on stock exchanges in Europe and the US. On 28 October 2004 Royal Dutch Petroleum and Shell Transport and Trading announced proposals for their unification under a single company, Royal Dutch Shell plc, with one Board of Directors.

For more information, please contact:
Michael Megarry
Regional External Affairs Manager, Middle East
Shell Exploration and Production International Ltd
Shell International Gas & Power Ltd
PO Box 11677, 10th Floor, Dubai Convention Tower, Dubai, UAE
Telephone: +971 4 405 4440
Fax : +971 4 329 3311

Orient Planet PR & Marketing Communications
P.O.Box 23345, Dubai, U.A.E
Tel: +971 4 3988901
Fax: +971 4 3988941
Website: www.orientplanet.com

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