Sea Dragon Pays for 50% Working Interest in Kom Ombo Concession

  • Sea Dragon Pays for 50% Working Interest in Kom Ombo Concession

    Sea Dragon Pays for 50% Working Interest in Kom Ombo Concession

    Wednesday, 5th May 2010
    Sea Dragon Energy Inc. announced that it has now paid Dana Gas Egypt Ltd. the sum of US$28.48 million for its purchase of a fifty (50%) percent participating interest in the Kom Ombo (Block-2) Concession, located approximately 1,000 km south of Cairo on the West Bank of the Nile River (the "Kom Ombo Concession").