Sea Dragon Energy Inc. provide the following operational update for its NW Gemsa and Kom Ombo concessions in Egypt.

NW Gemsa concession is located onshore on the west side of the Gulf of Suez, some 300 km southeast of Cairo. Two main oil fields are producing light oil, the Al Amir SE field along with the Al Ola extension to the south and the Geyad field to the north.

AASE-11 ST-1 Well:

This development well was spud on February 5th, 2012 to appraise the northwest extent of the field. The well was drilled to a total depth of 9,600 feet and then sidetracked to the southwest. The sidetrack was successfully drilled to a total depth 11,160 feet in the Upper Rudeis Formation. Petrophysical analysis indicates the well encountered 42 feet of oil pay in the Shagar reservoir and 22 feet in the Rahmi reservoir.

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