Egypt: Sea Dragon-Dana to return Kom Ombo acreage

Sea Dragon Energy Inc., Calgary, and Dana Gas have fulfilled the work commitment for the Kom Ombo Block 2 concession 1,000 km south of Cairo, Egypt, and will surrender the balance of the area in January 2013.

The concession contains an 11,400 sq km exploratory area as well as Al Baraka field, averaging 535 b/d of light oil from multiple reservoirs.

The companies in 2012 drilled the AB-16 development well, completed as a Kom Ombo A producer, and the AB-17 development well as a dry hole. They recompleted the AB-11 well in the Six Hills F-1 formation after having suspended it in March 2011.

The Faris exploratory well was dry, and the West Al Baraka-2 exploratory well resulted in a new Abu Ballas oil discovery. The companies applied for a development lease for West Al Baraka-2, and once it has been approved will place the well on extended test to assist in preparing a development plan.

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