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Sea Dragon drills another successful producer in NW Gemsa


Published Mar 8, 2013
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Sea Dragon in Egypt

Sea Dragon Energy Inc. provides the following operational update for its recent work activities in Egypt.

The Al Amir SE-14 ST2 well was completed in the Rahmi sands and tested at 3,486 bopd. The well is now on production at 1,333 bopd resulting in total gross oil production from the NW Gemsa Concession increasing to 9,600 bopd and 11,420 boepd including solution gas and natural gas liquids.

NW GEMSA CONCESSION

The NW Gemsa concession is located onshore on the west side of the Gulf of Suez, approximately 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. Sea Dragon has a 10% working interest in the NW Gemsa Concession with Vegas at 50%, as operator and Circle Oil PLC with 40%.

Current production from the Al Amir SE and Geyad fields is approximately 9,600 bopd gross (960 bopd net).

Tags: Sea Dragon Energy Inc.



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