Sea Dragon Energy Inc. provide the following operational update for its Kom Ombo and NW Gemsa concessions in Egypt.
This concession is located onshore in the southern part of Egypt some 1,000 km south of Cairo. It contains the Al Baraka oilfield, producing light oil from multiple reservoirs and an exploration area of 11,400 km².
The West Al Baraka-2 (WAB-2) exploratory well, the first well of the 2012 drilling campaign, was successfully drilled to a total depth of 4,070 feet in the Basement. The West Al Baraka structure is located 9 km to the southwest of Al Baraka oil field.
The WAB-2 well encountered oil shows in the Abu Ballas sand and the Six Hills F reservoirs, both zones are productive in Al Baraka oilfield. Petrophysical analysis indicated oil saturations in the primary target being the Abu Ballas sand.