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Sea Dragon provides update on latest developments in Egypt


Published Feb 1, 2011
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Sea Dragon in Egypt

Sea Dragon provided commentary on the latest developments in Egypt.

The company is closely monitoring the latest developments in Egypt. Street demonstrations are restricted to major cities and therefore have little or no impact on the company's field operations in Kom Ombo and NW Gemsa.

Production from both concessions is continuing uninterrupted with Sea Dragon's W.I. share running steady at 1350-1400bopd.

The NW Gemsa and Kom Ombo Concessions are desert located and lie considerable distance from urban areas and therefore all company assets and facilities are secure and unaffected by recent disturbances.

In Kom Ombo because of the remoteness of the area, the company is experiencing some shortages in supplies and therefore the drilling and service rigs have temporarily been placed on stand-by until regular transportation of goods and services resumes.

Tags: Sea Dragon Energy Inc.




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