11:35 AM EST - Sea Dragon Energy Inc. : announced the acquisition of an equity interest in the South Ramadan Concession located offshore in the Gulf of Suez, Egypt. The 26.2 km2 concession, located in 27m of water, contains two proven productive horizons in the Eocene age Thebes and Senonian age Matulla carbonates. These horizons, combined, have produced 3.75 MMBO of light oil to date from two previously drilled wells tied back to an existing platform. Sea Dragon Energy Inc.
shares V.SDX are trading unchanged at $0.08.
