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Sea Dragon Updates Operations on Kom Ombo Block 2
Source: www.gulfoilandgas.com 7/6/2010
Sea Dragon Energy Inc. is pleased to provide the following update on its Operations in Kom Ombo Block 2, Egypt.
The Al Baraka #5 well has now reached its final depth of 5,200 ft in the Six Hills Formation.
The main target of the well being the Six Hills “E” sands, previously encountered in the Al Baraka 4 well were successfully penetrated. Two cores were cut totaling 97 ft. The Six Hills “E” formation encountered up to 75 ft gross sands with Oil saturations. The well was logged and cased and will soon be perforated and tested. Test results are expected shortly. Once the well is completed and tested, the rig will move to the third well in our ten development well program in the Al Baraka field. Al Baraka 6 has now completed its initial testing and the results of the coring operation are being interpreted. Fracturing stimulation equipment is being moved to the site to commence fracturing operations to optimize production.
The 400 km 2D Seismic programme in the Kom Ombo Block commenced on June 16th. To date some 280 km have been acquired for a 70% programme completion. The results of this new seismic survey will be used to further delineate previously identified leads and prospects with the view of drilling an exploratory well outside of Al Baraka development lease before year-end.
Sea Dagon has a 50% working interest in Kom Ombo with Dana Gas Egypt owning the remaining 50% and Jointly Operated.
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