Sea Dragon Energy
(SDX-TSX.V) Sea Dragon is primarily focused on North Africa and Sub-Saharan Africa. Currently our activities are concentrated in Egypt, where we have interests in two large concessions with short- and long-term potential.
Our strategy also calls for gaining entry into other countries that offer significant potential and opportunities that would enhance the Company's growth within a reasonable timeframe.
We intend to create shareholder value through significant and rapid growth in production volumes, cash flow and earnings. We obtained interests in two major concessions within the space of a few months in 2009 which were clearly accretive to shareholder value. Our efforts will focus on adding reserves through exploration, field development and reservoir management, on growing our production and on achieving continuous improvements. The goal of these activities is to drive growth, promote cash flow and, in turn, increase Sea Dragon's share price.
On April 19, 2010 Sea Dragon closed a bought-deal financing with a syndicate of underwriters, raising gross proceeds of $57 million. This financed the remaining portion of our acquisition of a 50 percent interest in the Kom Ombo Concession, and the balance provides working capital for this year's drilling and other field activities. Should a further opportunity arise that requires additional capital, we would have to evaluate it and determine how best to finance the acquisition while minimizing dilution.
- July 27, 2010 Kom Ombo Operational Update
- July 21, 2010 NW Gemsa Operational Update
- July 8, 2010 Grant of Stock Options
- July 6, 2010 Operational Update
- June 22, 2010 Notice of AGM
- June 10, 2010 Positive Drilling Results
- June 1, 2010 Management Appointments
- May 31, 2010, 2010 Q1 2010 Interim Financial Statements
- May 26, 2010 Operational Update
- May 08, 2010 Al Baraka No 6 Spudded
- May 04, 2010 Kom Ombo Final Payment
- May 03, 2010 2009 Annual Financial Statements
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