Sea Dragon Energy report that with the placement of the Al Amir SE-11 ST-1 on stream, production from the North West Gemsa Concession has now reached a new high of 10,100 bopd (1,010 bopd net to Sea Dragon). The company also announces that drilling has commenced and is now progressing on Al Amir SE-12 and Al Baraka #16 wells.

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.

AASE-11 ST-1 Well: This development well was successfully completed in the Shagar Reservoir and placed on a five point multi-rate production test on April 24, 2012. The well flowed at a maximum rate of 3,500 bopd on a one inch choke. The well was shut-in for 72 hours build up and is now on stream, producing 1,635 bopd on a 32/64 inch choke.

Tags: Sea Dragon Energy Inc.