Sea Dragon Announces the Company has Retained the Services of Brisco Capital Partners
July 22, 2008 --Calgary, Alberta; Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") is pleased to announce that it has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, investor relations programs for Canadian public companies.
Brisco was founded by Scott Koyich who has been operating in investor relations for over 10 years. He has represented companies such as Centurion Energy International Inc., Canadian Crude Income Trust, Anglo Potash Ltd., Vero Energy Inc. and Kirkland Lake Gold Inc.
The agreement is effective immediately and may be terminated by either party at any time. Brisco will be paid a monthly fee of $7,500, and will be granted 500,000 options to purchase common shares.
"We are excited about the Sea Dragon opportunity and the chance to work with Said Arrata and his Egyptian based team for the second time." said Scott Koyich, President of Brisco.
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 kilometres, or approximately 47,691 acres (37,768 net acres), located in mainly shallow water off-shore in the Gulf of Suez, Egypt.
For further information please see the final prospectus of the Company dated July 3, 2008 filed on SEDAR at http://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 Companyâ€™s filings with Canadian securities regulators. Such information contained herein represents managementâ€™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.
This news release may contain forward-looking statements concerning the anticipated performance of the Company. Forward-looking statements are based on the estimates and opinions of management at the date the statements are made, and the Company undertakes no obligation to update forward-looking statements if conditions or opinions should change. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
For further information please contact:
President, CEO and Director
President, Brisco Capital Partners