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Sea Dragon Energy Inc. (TSXV:SDX)

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Last Post: 5/25/2015 3:09:01 AM - Followers: 9 - Board type: Free - Posts Today: 0

Sea Dragon Energy

Sea Dragon Energy Inc.
255 - 5th Ave. SW
Suite 2320
Calgary, AB, T2P 3G6,

Publicly listed on the Toronto Venture Exchange

CUSIP: 811375 10 4
ISIN: CA8113751041

Email: info@seadragonenergy.com



Management Team
 Said 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 major oil and gas companies in Canada and overseas.

Mr. Arrata received his bachelors of science at the Cairo University in 1964.

Mr. Arrata was founder and Chief Executive Officer of two major engineering firms as well as two oil and gas companies, operating in Canada and internationally for more than two decades.
email Mr. Arrata

Tony Anton P.Eng.

President and COO
View Details

Mr. Anton has over 40 years experience in the oil & gas industry and was the former Sr. Vice President of Centurion Energy International Inc. and COO in charge of operations in Egypt and Tunisia.

Tony has held key technical and managerial positions in the Canadian oil and gas sector, including BP Canada, Suncor Inc., Agip Canada Limited and Husky Oil.

Mr. Anton obtained his Bachelor's of Science Degree in Petroleum Engineering from the University of Cairo in 1966.

Mr. Anton is a Registered Professional Engineer in the Province of Alberta, a member of Society of Petroleum Engineers and a member, Fellow and Past President of the Canadian Institute of Mining, Metallurgy and Petroleum.
email Mr. Anton

Olivier Serra
Chief Financial Officer
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Mr. Serra has 17 years of investment banking experience, primarily focused on the oil & gas industry. He was the former Group Head of the Europe, Middle East and Africa (EMEA) Oil and Gas Department of BNP Paribas. Mr. Serra advised Centurion Energy International Inc. from 2004 - 2006. He holds an MBA from Columbia University.

email Mr. Serra


Mike Zayat
Vice-President, Exploration
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Mr. Zayat has over 40 years experience in the oil & gas industry. He was the former Vice-President Exploration and Business Development of Centurion Energy International Inc. Mike has held key positions with Mobil Oil in Canada and Internationally and consults on exploration and development strategies, mainly in the Middle East and North.


Sea Dragon Energy (SDX-TSX.V) Sea Dragon is primarily focused on North Africa and Sub-Saharan Africa. Currently our activities are concentrated in Egypt, where we have interests in two large concessions with short- and long-term potential.

Our strategy also calls for gaining entry into other countries that offer significant potential and opportunities that would enhance the Company's growth within a reasonable timeframe.

The NW Gemsa Concession ("NW Gemsa") is a 250 square kilometer onshore concession located approximately 300 kilometers south east of Cairo in the Eastern Desert. As at December 21, 2009, the Company acquired a ten (10%) percent participating interest in NW Gemsa with an effective date of July 1, 2009. The Company's partners in NW Gemsa are Vegas Oil and Gas (operator, 50% interest) and Circle Oil Plc (40% interest).

In October 2008, a discovery was announced on the Al Amir-SE1 well with 41º API oil tested at 3,388 bbls/d and 4.25 MMscfd of gas. In February 2009, a 20 year development lease was granted by the Egyptian government.

In May 2009, a further discovery was announced on Geyad-1X where two zones tested 40º API oil. The first zone tested 2,809 bbls/d with 3.04 MMscfd of gas and second, upper zone tested 1,174 bbls/d with 1.324 MMscfd of gas.

In March 2010, a further discovery was announced on the Al Amir 5-X well with 42º API oil tested at 6,150 bbls/d and 6.9 MMscfd of gas.

The Company and their partners are currently in the midst of a ten well development program in the Al-Amir SE and Geyad areas. Eight wells have been brought on production in NW Gemsa from these areas since February 2009. Two additional wells are scheduled to be drilled before the end of 2010. Current production is in excess of 9,000 bbls/d.

Additional plans for NW Gemsa include extending the boundaries of the field (currently drilling the Al Ola 1X well to test the southern extension of the field), develop the Al Amir heavy oil field (currently testing the historical heavy oil well discovery Al Amir 1X) and building facilities to strip the liquids from the gas production. In addition, secondary recovery techniques such as waterflooding will be studied to maintain pressure support and extend plateau production, in order to further increase reserves recovery.


In April 2010 Sea Dragon concluded the acquisition of a 50 percent working interest in the Kom Ombo Block 2 Concession ("Kom Ombo"), which is jointly operated with Dana Gas Egypt, a successor company to Centurion Energy. This large concession is located in Upper Egypt approximately 1,000 km south of Cairo and covers an area of 11,500 km2.

Kom Ombo includes the Al Baraka field, discovered in 2007 by Centurion Energy. The field is producing from three productive zones (Abu Ballas, Six Hills E and F).

In 2010, four wells have been drilled into the Al Baraka field at approximately 4,500 feet. The field is currently producing approximately 1,300 bopd (650 bopd - net) of light, 37° API oil. Al Baraka 4, the most productive well in the field, encountered approximately 50 feet of oil pay in the previously defined reservoirs and 25 feet of oil pay in a new reservoir, the Six Hills E zone.

With only the northern third of the Al Baraka field having been drilled to date, significant development drilling is planned in 2010 to increase production. The full field development plan may require drilling approximately 30 wells over the next several years.

Sea Dragon intends to apply modern exploitation techniques, including specialized hydraulic fracturing, to maximize production rates and ultimate oil recovery from the Al Baraka field. The Company has designed a fracturing campaign to increase production rates in certain wells, starting in October. The next well planned for drilling is Al Baraka South East, which will appraise the field's southern extension. The company is also considering drilling an exploration well and 4 additional wells by the end of the year.

Kom Ombo holds significant longer-term exploration potential. The company has acquired 475 km of new 2D seismic that covers the main prospective part of the Kom Ombo Basin. Seismic processing and interpretation is ongoing with a view to selecting a drillable exploration prospect by the fourth Quarter of 2010.


The agreement opens up opportunities for Sea Dragon to select undeveloped properties with potential near term production. The Company's ability to build successful and lasting relationships is a hallmark of the Company and was critical to the successful agreement with TPC. This could result in the development of one or more fields that would add to Sea Dragon's reserves and production in Egypt.



Sea Dragon has a 10% working interest in the NW Gemsa Concession with Vegas at 50%, as operator, and Circle Oil PLC with 40%.



Sea Dragon has a 50% working Interest and is a joint operator of the Kom Ombo Concession with Dana Gas owning the remaining 50%.


Current Price
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#226   Looks like this one is waking up. Finally......... andre b 05/25/15 03:09:01 AM
#224   SDX.V newb here. Great leadership, management. Waiting PO 30day 07/31/14 04:08:37 PM
#223   yep sdx.v FINANCIALS OUT IT IS BETTER http://online.wsj.com/article/PR-CO-201405 ~ Blue ~ 05/30/14 03:12:39 PM
#222   q out. seems a bit light this time around dshade 05/30/14 02:57:17 PM
#221   SDX.V found oil 3,592 barrels a day ~ Blue ~ 05/07/14 12:06:13 AM
#220   SDX.V ~ Oil Revenues after Royalties increased by ~ Blue ~ 12/02/13 11:03:12 PM
#219   SDX.V Production increased by 69% to average 1,938 ~ Blue ~ 12/02/13 11:02:21 PM
#218   SDX.V third quarter 2013 financial and operating results ~ Blue ~ 12/02/13 11:01:34 PM
#217   SDX.V 16 million dollars revenue, 885,000 net profit.. ~ Blue ~ 11/26/13 02:49:56 PM
#216   SDX.V new presentation http://www.seadragonenergy.com/uploads/Presentati ~ Blue ~ 07/05/13 11:30:00 AM
#215   SDX.V(.11) news out(!) Currently, Sea Dragon is producing ~ Blue ~ 07/05/13 11:19:42 AM
#214   new presentation http://present.knowledgevision.com/account/brr/assets/at ~ Blue ~ 05/21/13 02:10:43 AM
#213   yw dshade 04/16/13 01:30:12 PM
#212   SDX.V current production 1,911 barrels a day ~ Blue ~ 04/12/13 06:17:29 PM
#211   SDX.V production increased 1,911 barrels a day, very undervalued ~ Blue ~ 04/12/13 05:51:21 PM
#210   ITS ALIVE!!!!!! COBFIRE 04/10/13 04:37:14 PM
#209   NICE article Blue. Good find. Robert Johnson II 03/08/13 01:44:54 PM
#208   SDX.V CEO: OIL PRODUCTION 1,800 barrels a day ~ Blue ~ 03/08/13 12:56:46 PM
#207   SDX.V CEO interview MUST READ ON MARCH 07, 2013 ~ Blue ~ 03/08/13 12:55:30 PM
#206   SDX.V finally started to move ~ Blue ~ 03/08/13 12:53:56 PM
#205   news dshade 03/08/13 08:12:24 AM
#204   SDX.V news on biggest Canadian newspaper http://www.theglobeandmail.com/globe-investor/news- ~ Blue ~ 02/14/13 05:29:35 PM
#203   SDX.V news out 1,725 barrels oil a day ~ Blue ~ 02/14/13 02:50:33 PM
#202   their production is not affected.. Egypt's only revenue ~ Blue ~ 02/01/13 12:51:15 PM
#201   Not good what is happening in EGYPT!! ID Supermoney 01/28/13 03:44:15 PM
#200   Hi guys been away for a while, lots COBFIRE 01/24/13 11:27:53 AM
#199   No, waiting on funds to clear. Forgot about Robert Johnson II 01/17/13 09:23:32 AM
#198   did you get any shares ~ Blue ~ 01/17/13 07:32:24 AM
#197   Yep, that's a lot of buying. My order Robert Johnson II 01/14/13 10:24:05 PM
#196   NOT ONLY OPTION. HERE SOME MORE INSIDERS BUYZZ ~ Blue ~ 01/14/13 10:18:18 PM
#195   All of those insider stock options are set Robert Johnson II 01/14/13 10:14:14 PM
#194   LAST DRILLING RESULT, Al Amir SE-13 Well: ~ Blue ~ 01/14/13 10:12:09 PM
#193   waiting the result plus, another concession drill result ~ Blue ~ 01/14/13 10:09:14 PM
#192   CEO Said Arrata, check his background ~ Blue ~ 01/14/13 10:08:23 PM
#191   Al Amir SE-14 Well: Robert Johnson II 01/14/13 10:08:15 PM
#190   insiders purchasing shares http://www.canadianinsider.com/node/7?menu_tickersear ~ Blue ~ 01/14/13 10:07:28 PM
#189   This stock looks very interesting. Huge potential! Robert Johnson II 01/14/13 10:04:42 PM
#188   SDX.V awesome undervalued stock. ~ Blue ~ 01/14/13 09:41:47 PM
#187   SDX.V preparing to run ~ Blue ~ 01/14/13 01:41:29 PM
#186   Nice! SDX.V solid long term hold! PhilCheeze 01/02/13 07:50:07 PM
#185   SDX.V huge volume 16.6% Up today ~ Blue ~ 01/02/13 07:31:45 PM
#184   SDX.V looking like a very solid future ~ PhilCheeze 01/01/13 07:54:01 PM
#183   SDX.V current production 1,700 barrels a day. in ~ Blue ~ 01/01/13 06:09:35 PM
#182   SDX.V will be one of the best performing ~ Blue ~ 01/01/13 06:08:34 PM
#181   SDX.V (Sea Dragon) Announces Stock Option Grant ~ Blue ~ 12/28/12 12:20:49 PM
#180   HUGE SDX.V News! Looks like big run coming ~ PhilCheeze 12/09/12 01:10:55 PM
#179   SEA DRAGON ACQUIRES PRODUCING OIL ASSETS 1650 barrels ~ Blue ~ 12/07/12 12:44:38 PM
#178   Interview with SDX.V CEO Said Arrata, old but interesting ~ Blue ~ 11/11/12 01:20:20 AM
#177   Some of bid result on Nov 14, 2012 ~ Blue ~ 11/08/12 06:09:07 PM
#176   Egypt peaks with latest licence round ~ Blue ~ 11/08/12 06:08:24 PM
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