Sea Dragon Energy Inc.
TSX VENTURE : SDX

Sea Dragon Energy Inc.

November 19, 2008 15:25 ET

Sea Dragon Announces Chief Financial Officer Appointment

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2008) -

NOT FOR DISTRIBUTION TO U.S NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES.

Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") (TSX VENTURE:SDX) is pleased to announce the Company has appointed Cameron Dow to the position of Chief Financial Officer ("CFO") effective December 1, 2008.

Cameron Dow is a Chartered Accountant with 25 years in public practice experience. Most recently Cameron held the position as acting CFO with a Toronto Stock Exchange listed oil and gas exploration and production company with operations in the Middle East. Prior thereto, Cameron specialized in the tax aspects of corporate, personal and estate planning, purchase and sale of businesses; public company audit and reporting; establishing, managing, financing and growing privately held businesses. Mr. Dow received a Bachelor of Arts (Honours) in 1978 from Queens University and a Chartered Accountant designation in 1985. "We are fortunate to have Cameron join the Sea Dragon team. His experience as a public company CFO with Middle Eastern operations is extremely valuable," stated David Thompson, Sea Dragon's president and chief executive officer.

Jeff Ratcliffe, Sea Dragon's current CFO will become the Company's financial controller.

For further information please see the website of the Company at www.seadragon.ca or the Company's filed documents at www.sedar.com.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading Risk Factors and elsewhere in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and expect as may be required by applicable securities laws.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy common shares of the Company in any jurisdiction. This news release may contain forward-looking statements concerning the anticipated performance of the Company. Forward-looking statements are based on the estimates and opinions of management at the date the statements are made, and the Company undertakes no obligation to update forward-looking statements if conditions or opinions should change.

Sea Dragon is an international exploration and development company with oil and gas interests in the Gulf of Suez, Egypt. The Company holds a 75% working interest in the EWA Concession pursuant to the deed of assignment awarded by the Arab Republic of Egypt and Egyptian General Petroleum Corporation for the purposes of the exploration and exploitation of petroleum. The EWA Concession covers 193 square kilometres, or approximately 47,691 acres (37,768 net acres), located in mainly shallow water off-shore in the Gulf of Suez, Egypt.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Sea Dragon Energy Inc.
    David Thompson
    President, CEO and Director
    (403) 629-5850
    or
    Sea Dragon Energy Inc.
    Parvez Tyab
    Executive Vice President and Director
    (403) 971-3936
    Website: www.seadragon.ca
    or
    Brisco Capital Partners
    Scott Koyich
    President
    (403) 262-9888
    Email: skoyich@briscocapital.com
    or
    Brisco Capital Partners
    Graeme Dick
    (403) 561-8989
    Email: graeme@briscocapital.com