Sea Dragon Energy Inc (TSXV:SDX)

[3kidsplus1]

Thanks Blue I will be taking a look at SDX in the next couple of weeks for a starter!

[~ Blue ~]

a few shares left at .06 SDX.V will be like Banker Petroleum, it was 3 cents in 2003 last year hit 10 dollars. SDX.V will be the same

[ASK]

I have small position at $0.06.

Long term good.

Intend to accumulate more during tax loss months.

[DocDiggler]

Eh Blue, there is another sea dragon board, but the difference is the quote box is working, seems to have been around awhile.

http://investorshub.advfn.com/Sea-Dragon-Energy-Inc-TSX-SDX-20234/

[~ Blue ~]

SDX.V Operational Update August 27, 2012

CALGARY, ALBERTA, August 27, 2012 – Sea Dragon Energy Inc. (“Sea Dragon” or the “Company”) (TSX VENTURE: SDX) is pleased to announce the following operational update for its recent work program in Egypt.
NW GEMSA CONCESSION
The 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.
Current production from the Al Amir SE and Geyad fields is approximately 9,100 bopd gross (910 bopd net to Sea Dragon). Cumulative production from the NW Gemsa Concession has now exceeded 8.9 million barrels of 42 degree API Crude oil.
Water injection is ongoing with three injectors currently operating at Al Amir SE Field and one injector at Geyad Field. Current injection rates are approximately 18,000 barrels per day at Al Amir SE and 3,800 barrels per day at Geyad. Cumulative injection to date is 4.4 million barrels at Al Amir SE and 1.0 million barrels at Geyad.
Sea Dragon has a 10% working interest in the NW Gemsa Concession with Vegas at 50%, as operator and Circle Oil PLC with 40%.
Al Ola-3 Well:
This injection well, located in the southern part of Al Amir SE field, on the Al Ola development lease, was spud on July 16, 2012. The well is situated approximately 870 meters south of the Al Ola 1x well and 1,445 meters south east of Al Ola-2 well. The primary objective of this well is to provide injection support to the Kareem sands in Al Ola area. The well was drilled to total depth of 10,550 feet and both Shagar and Rahmi sands were cored and 22 feet of Shagar and 20 feet of Rahmi good quality sands were encountered. The future plan is to run casing and dually complete the well as a water injector.
KOM OMBO CONCESSION
The Kom Ombo 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.
Current production from the Al Baraka field is averaging approximately 550 bopd gross (275 bopd net to Sea Dragon).
Sea Dragon has a 50% working interest and is a joint operator of the Kom Ombo Concession with Dana Gas owning the remaining 50%.
West Al Baraka-2 Well:
The Abu Ballas Formation in this well was successfully fraced. During clean up the well tested 170 bopd. The well is currently shut in pending the declaration of commerciality and preparation of a Development Lease application before being placed on production.
Al Baraka-17 Well:
This step out well to AB-16 well was spud on July 28, 2012. AB-17 is located approximately 650 m to the south of AB-16 and was successfully drilled to a total depth of 7,527 m in the basement and logged. Oil shows were encountered in the Six Hills D and Kom Ombo C & A sands. Petrophysical analysis indicate the intervals are water bearing and the well was abandoned.
Total working interest production for the company is now averaging 1,185 bopd. The company is continuing its efforts in search of new growth opportunities with emphasis on Egypt and Sub-Saharan Africa.

http://www.seadragonenergy.com/uploads/news/2012-08-27_Egypt_Operational_Update.pdf

[~ Blue ~]

when you find good stock you must load as much as you can.. SDX.V bottom price whatever you get under 10 cent is dirt cheap

[DocDiggler]

That's a lot of shares Blue, far cry and then some for my little starter I plan to obtain.

[~ Blue ~]

SDX.V, recent presentation http://www.seadragonenergy.com/uploads/Presentations/CorporatePresentation.pdf

[DocDiggler]

I am liking what I'm seeing for sure. I'm not use to a TSX.v board. This is more of an investment, not saying you can't trade it but its not like the pinkies. It's different and I like it.

[~ Blue ~]

SDX.V will be like Banker petroleum it was 3 cents in 2003 last year hit 10 dollars. SDX.V is currently profitable company their production increases almost every month. during this Q3 about 1,200 barrels a day. Tehy have 7.5 million dollars cash on hand, 7 milion dollars debt, 50 million dollars credit facility.. additional 2 wells done it is ready for production.. plus sub sharan oil is high gravity oil.. SDX.V for value investors is the best stock, insiders recently purchased millions of shares. So far collected 1.7 million shares my target 3 million shares.. it will be my long term investment.. expecting 100x return within 2 years.

[DocDiggler]

Definitely, going to dip my toes tomorrow.

[DocDiggler]

I find the insider buying and the releases of that report very interesting. Looks like they are ready to grow.

[DocDiggler]

Some DD about the people involved from Reuters. Looks like there is some influence across the pond.

http://www.reuters.com/finance/stocks/companyOfficers?symbol=SDX.V


Said Arrata
Mr. Said S. Arrata is Executive Chairman of the Board, Chief Executive Officer of Sea Dragon Energy Inc. He has been a Director of the Company since June 17, 2008. Mr. Arrata P.Eng., served as Chairman and Chief Executive Officer of Centurion Energy International Inc. (Centurion Energy) until its purchase by Dana Gas, where he still serves as a board member of the corporation. Mr. Arrata built Centurion Energy into a billion dollar corporation, with a peak production of 40,000 boepd, operating internationally in Egypt, Tunisia and with holdings in Sao Tome Principe. During more than 40 years in the oil and gas industry, Mr. Arrata held management positions with oil and gas companies in Canada and overseas. Mr. Arrata was founder and Chief Executive Officer of two engineering firms as well as two oil and gas companies, operating in Canada and internationally for more than three decades.


A. Anton
Mr. A.D. Anton, P.Eng, is President, Chief Operating Officer, Director of Sea Dragon Energy Inc. Mr. Anton is the President and Chief Operating Officer of Sea Dragon, a position he has held since June 1, 2010. Prior to working with Sea Dragon, Mr. Anton was Senior Vice President of Centurion Energy International Inc. and Chief Operating Officer in charge of the Company's operations in Egypt and Tunisia. During the period 1993 to 2001, Mr. Anton was President and Chief Executive Officer of Pyramid Energy Inc., a publicly traded company he founded and managed for eight years. Over his 45-year industry career Mr. Anton has held successive technical and managerial positions in the Canadian oil and natural gas sector with a number of senior companies, including BP Canada, Suncor Inc., Agip Canada Limited and Husky Oil.


Olivier Serra
Mr. Olivier Serra is Chief Financial Officer, Director of Sea Dragon Energy Inc. He serves as the Head of Europe, Middle East and Africa Oil and Gas Department of BNP Paribas from June 2006 to May 2010.


Mike Zayat
Mr. Mike Zayat is Senior Vice President - Exploration of Sea Dragon Energy Inc. Mr. Zayat is a experienced exploration executive with over 40 years of domestic and international experience. Over the years Mr. Zayat has held senior exploration positions with Mobil Oil both in Canada and Internationally. Mr. Zayat was Vice President of Exploration and Business Development for Centurion Energy International Inc. and, following Centurion's acquisition by Dana Gas, was the General Manager of Dana Gas' Calgary office. Mr. Zayat is a member in standing of the American Association of Petroleum Geologists.


Ahmed Moaaz
Mr. Ahmed Farid Ahmed Moaaz is Country Manager, Director of Sea Dragon Energy Inc. He is Director of the Company since May 6, 2008 and Country Manager since October 2006. He was Vice President (Operations) of Trident Petroleum International from May 2005 to September 2006; Chairman and Managing Director of El Wastani, owned by Centurion Energy International Inc. and Egyptian Natural Gas Holding Company (E-Gas), from August 2003 to April 2005; Deputy Chairman for production for the Egyptian
General Petroleum Corporation from September 2002 to August 2003.


Ken Fitzgerald
Mr. Ken Fitzgerald is Director of Sea Dragon Energy Inc. He has been an Independent management consultant from 2009 to present. Prior thereto from 1991 to 2009, he was the President of Ferma Resources Limited, a private chemical engineering and management consulting firm.


Paul Moase
Mr. Paul Moase is Independent Director of Sea Dragon Energy Inc. He is an Independent Business Advisor from 2006 to present. Prior thereto Managing Director of MGI Securities Capital Markets. Mr Moase has had more than 25 years experience in the Financial and Capital Markets. Currently an independent consultant he was formerly the Managing Director to MGI Securities in Toronto responsible for Capital Markets. Prior to this HSBC Securities as Managing Director Investment Banking and Mergers and Acquisitions as well as a number of other senior executive positions with other investment and brokerage firms. Mr. Moase holds an MBA from University of Western Ontario (1987) and a Bachelor of Commerce from Mount Allison University (1981).


Robert Moffat
Mr. Robert G. Moffat is Independent Director of Sea Dragon Energy Inc. Mr. Moffat has more than 30 years of oil and gas industry experience, mostly in a senior management, executive or directorship role. Mr. Moffat graduated from Queen’s University in 1977 with a B.Sc. (Honours Geology) degree. Most recently, Mr. Moffat was President and Director of Steen River Oil & Gas Ltd. from Dec. 2009 to Dec. 2010, a private oil and gas company with operations in Atlantic Canada. Prior thereto, Mr. Moffat was President, CEO and Director of Bow Valley Energy Inc. from Feb. 2002 to Apr. 2009, a publicly listed company on the TSX with operations in the U.K. sector of the North Sea and the north slope of Alaska. In addition, Mr. Moffat has served on numerous company boards, a charitable sports foundation and the Canadian Association of Petroleum Producers (CAPP).


Barry Swan
Mr. Barry W. Swan is Independent Director of Sea Dragon Energy Inc. He has been the President of 677651 Alberta Ltd., a private energy Corporation. Mr. Swan earned his Chartered Accountant designation in 1971. During his professional and entrepreneurial career in the oil industry spanning 38 years, Mr. Swan has held key management positions with Canadian based energy companies with operations in the North Sea, Argentina, Bolivia, Peru, Indonesia, Cambodia, UAE, Tunisia, Egypt, USA and Canada. He is the founder of two companies, one private and one public that were vended into a predecessor company of Centurion Energy International Inc. where Mr. Swan was Senior Vice President, Chief Financial Officer and a director from its inception in 1997 to the time it was sold in January, 2007. Centurion was grown to have a market capitalization over $1 billion and reached a daily production level of approximately 40,000 boepd. Mr. Swan is currently the President and a director of a owned private company which holds non-operated working interests and royalty interests in natural gas fields in Alberta.

[DocDiggler]

I think its time for a little TSX.V in my diet, like what I see. Going to DD tonight, probably pick some up tomorrow

[~ Blue ~]

SDX.V closed at .06 after yesterday huge volume.. under .06 it is not possible to have some

[~ Blue ~]

Primary market Canada that is why.. very undervalued stock..

[Huntewr7]

Hi Blue, (SDRYF) SDX seems to be changing very rapidly. Could this be connected with the previously announced buy out of the Egp. oil co.? Will have to sell something to get a position here. Will try first thing today. Thanks for the alert. EDIT- just found out that the buy out was canceled in July.

[~ Blue ~]

SDX.V insiders purchased millions of shares at open market

http://www.canadianinsider.com/node/7?menu_tickersearch=SDX+|+Sea+Dragon+Energy+

[~ Blue ~]

SDX.V Current oil production reached 1,185 barrels a day

it was 970 barrels a day end of june 30, 2012

http://www.seadragonenergy.com/uploads/news/2012-08-27_Egypt_Operational_Update.pdf

[~ Blue ~]

The company has 170 million barrels proven oil reserve

http://www.seadragonenergy.com/uploads/Presentations/CorporatePresentation.pdf

[~ Blue ~]

SDX.V dollar value of oil reserve 17 billion dollars

[~ Blue ~]

SDX.V proven reserve 17 million barrels oil

[~ Blue ~]

SDX.V Sea Dragon Energy Inc. (Sea Dragon) is an international oil and gas company. The Company’s principal business activities consist of the exploration, development and production of crude oil and natural gas liquids. As of December 31, 2011, the Company was holding a 10% participating interest in the NW Gemsa Concession located in Egypt’s Eastern Desert onshore the Gulf of Suez, Egypt. Sea Dragon also holds a 50% participating interest in the Kom Ombo Concession located approximately 1,000 kilometers south of Cairo along the western bank of the Nile River, Egypt. The NW Gemsa concession is located 300 kilometers South East of Cairo, onshore in the Eastern Desert on the Southwestern part of the Gulf of Suez. The concession covers an area of 92 square kilometers and includes three fields Al Amir SE, Al Amir and Geyad. The Kom Ombo concession contains the producing Al Baraka oilfield and exploration area of 11,400 square kilometers.

[~ Blue ~]

SDX.V closed 33.3% up

[~ Blue ~]

SDX.V undervalued oil company