Sea Dragon Announces Final Preparation for Gulf of Suez Offshore Drilling Program
November 3, 2008 -- Calgary, Alberta, (SDX-TSX.V) Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") is pleased to announce that the Company is making final preparations for the East Wadi Araba Concession exploratory drilling program.
The Company is finalizing logistics for towing the rig to the Company’s first prospect, Dahab North target to commence the drilling program. Further, all necessary permits including the satisfactory seabed survey have been completed, drilling supplies are ready and charted, rig crews secured and tow boats have been contracted.
The Company is finalizing logistics for towing the rig to the Company’s first prospect, Dahab North target to commence the drilling program. Further, all necessary permits including the satisfactory seabed survey have been completed, drilling supplies are ready and charted, rig crews secured and tow boats have been contracted.
For further information please see the website of the Company at www.seadragon.ca or the Company’s filed documents at www.sedar.com
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading Risk Factors and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and expect as may be required by applicable securities laws.
Sea Dragon is an international exploration and development company with oil and gas interests in the Gulf of Suez, Egypt. The Company holds a 75% working interest in the East Wadi Araba Concession ("EWA Concession") pursuant to the deed of assignment awarded by the Arab Republic of Egypt and Egyptian General Petroleum Corporation ("EGPC") for the purposes of the exploration and exploitation of petroleum. The EWA Concession covers 193 square kilometers, or approximately 47,691 acres (37,768 net acres), located in mainly shallow water off-shore in the Gulf of Suez, Egypt.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
For further information please contact:
David Thompson
President, CEO and Director
(403) 629-5850
Scott Koyich
President, Brisco Capital Partners
(403) 262-9888
skoyich@briscocapital.com
Q3 Interim Financial Statements