Sea Dragon Announces Recent Well Results in NW Gemsa

Al Amir SE #18 Development Well & Shehab-2 Exploration Well 
CALGARY, Aug. 8, 2013 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon" or the 
"Company") (TSX VENTURE: SDX), an oil & gas exploration and production company 
with assets in Egypt, is pleased to announce the Al Amir SE 18 development 
well has encountered significant oil bearing reservoir section in the Kareem 
formation and will be completed as a producer. The Shehab-2 exploration well 
successfully reached TD, encountering potential gas bearing sands in the 
Rudeis formation and water wet intervals in the Kareem horizon. Subsequent 
production tests failed to flow to surface and the well will be temporarily 
abandoned pending further evaluation. 
Al Amir SE-18 Well: 
Al Amir SE-18 (AASE-18) was drilled to a depth of 10,400 feet where both the 
Shagar and Rahmi oil reservoirs were encountered. Log analysis indicates 34 
feet of net Shagar oil pay and 32 feet of net Rahmi oil pay. The well was 
originally drilled as a proposed injector but the structure was encountered 
200 ft. high to the original prognosis with the encountered intervals being 
also thicker and better quality than the most recently AASE-17 well. The 
AASE-17 well flow tested 3,664 BOPD from a 12 net foot interval in the Shagar 
as reported on June 21, 2013. The AASE-18 will be completed in the Rahmi as 
a producer with the well being tested prior to being put on production. The 
results of this flow test will be reported in a future announcement. 
Shehab- 2 Exploration Well 
The Shehab-2 exploration well, located approximately 2 Kms north of the Geyad 
field, was spud on June 19(th), targeting the Kareem horizon. The well 
encountered 30 ft of potentially gas bearing sands in the Upper Rudeis 
limestones and good quality intervals in the Kareem horizon, which proved to 
be water bearing. The Upper Rudeis limestone intervals were subsequently 
fracture stimulated and tested but failed to flow. The well has been 
temporarily abandoned while alternative stimulation and completion options are 
investigated. 
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 oil and gas at 50%, as operator 
and Circle Oil PLC with 40%. 
The company's net production in Egypt averaged 1,980 boepd during the month of 
July 2013, with 1,307 boepd net from NW Gemsa, 222 bopd from Kom Ombo and 451 
bopd from Shukheir Marine. 
Commenting, Paul Welch, CEO of Sea Dragon, said: 
"The AASE18 well results were both surprising and very positive. We can expect 
another strong producer in this part of the field as it extends towards the 
south east. NW Gemsa is a great asset, continuing to grow and expand and we 
are excited about its future potential. Initial results from the Shehab-2 
Exploration well were not as hoped but given the thick hydrocarbon bearing 
interval encountered in the Rudeis limestone potential remains. We will 
continue to review the completion options with the operator to determine if 
value can be unlocked from this horizon.  I look forward to reporting on 
this well as well as the results of the flow test in the AASE18 well in the 
future." 
Certain statements contained in this press release constitute "forward-looking 
statements" as such term is used in applicable Canadian and US securities 
laws. These statements relate to analyses and other information that are based 
upon forecasts of future results, estimates of amounts not yet determinable 
and assumptions of management. In particular, statements concerning the 2012 
drilling and capital expenditure programs of the NW Gemsa and Kom Ombo 
Concessions and the results referenced or implied herein should be viewed as 
forward-looking statements. 
Any statements that express or involve discussions with respect to 
predictions, expectations, beliefs, plans, projections, objectives, 
assumptions or future events or are not statements of historical fact and 
should be viewed as "forward-looking statements". All reserves information 
contained herein as well as the net present value of such reserves should be 
considered as forward looking statements. Such forward looking statements 
involve known and unknown risks, uncertainties and other factors which may 
cause the actual results, performance or achievements of the Company to be 
materially different from any future results, performance or achievements 
expressed or implied by such forward-looking statements. Such risks and 
other factors include, among others, costs and timing of exploration and 
production development, availability of capital to fund exploration and 
development and political, social and other risks inherent in carrying on 
business in Egypt. There can be no assurance that such statements will prove 
to be accurate as actual results and future events could vary or differ 
materially from those anticipated in such statements. Accordingly, readers 
should not place undue reliance on forward-looking statements contained in 
this news release. 
Forward-looking statements are made based on management's beliefs, estimates 
and opinions on the date the statements are made and the Corporation 
undertakes no obligation to update forward-looking statements and if these 
beliefs, estimates and opinions or other circumstances should change, except 
as required by applicable law. Although Sea Dragon has attempted to identify 
important factors that could cause actual actions, events or results to differ 
materially from those described in forward-looking statements, there may be 
other factors that cause actions, events or results not to be as anticipated, 
estimated or intended. Investors are cautioned that such forward-looking 
statements involve risks and uncertainties. Actual results may differ 
materially from those currently anticipated. See Sea Dragon's Annual 
Information Form for the year ended December 31, 2011 for a description of the 
risks and uncertainties associated with the Company's business, including its 
exploration activities. The forward-looking statements contained herein are 
expressly qualified by this cautionary statement. 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT 
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS 
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE. 
Paul Welch President and CEO (403) 457-5035 
Olivier Serra Chief Financial Officer and Director +331 5343 9442 
Philip Dennis / Joanna Boon Pelham Bell Pottinger Media & Investor 
Relations +44(0)207 861 3232 
Scott Koyich Brisco Capital Partners Corp. Investor Relations (403) 262-9888 
SOURCE: Sea Dragon Energy Inc. 
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CO: Sea Dragon Energy Inc.
ST: Alberta
NI: OIL FIELD  
-0- Aug/08/2013 13:25 GMT
 
 
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