Sea Dragon Energy Inc.
TSX VENTURE : SDX

Sea Dragon Energy Inc.

November 20, 2008 14:11 ET

Sea Dragon Announces Transocean 103 Nearing Dahab North Prospect

CALGARY, ALBERTA--(Marketwire - Nov. 20, 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 that the Transocean 103 Rig is nearing its Dahab North prospect and expects to be on location within 24 hours.

"We are pleased to announce the Transocean 103 rig is very close to our Dahab North prospect and expect to be on location within 24 hours," stated David Thompson, Sea Dragon's president and chief executive officer. Mr. Thompson continued, "shipping lanes and weather have been favourable with respect to towing the rig to our first prospect."

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.

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 East Wadi Araba Concession ("EWA Concession") pursuant to the deed of assignment awarded by the Arab Republic of Egypt and Egyptian General Petroleum Corporation ("EGPC") for the purposes of the exploration and exploitation of petroleum.

The TSX.V Venture Exchange has neither approved nor disapproved of the information contained herein. The TSX.V Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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