Centennial Energy Partners Announce Acquisition of PetroFalcon Shares

Business Wire, Sept 7, 2005

NEW YORK -- 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 500,000 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.

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 7,904,249 common shares of PetroFalcon Corporation, representing 10.5% 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.