LONDON, Oct. 8, 2014 /CNW/ - Sea Dragon Energy Inc. ("Sea Dragon" or the "Company") (TSX VENTURE: SDX), an oil & gas exploration and production company with assets in Egypt, was notified on October 1 and October 7, 2014 by Ahmed Moaaz, Egypt Country Manager and Director, of the purchase of, in total, 500,000 shares in the Company ("Ordinary Shares") at the market price of CAD$0.055 per share.
About Sea Dragon Energy Inc.
Sea Dragon is an international exploration and development oil company with a focus on North Africa and the Middle East. Activities are currently concentrated in Egypt, with interest in 4 concessions with short and long term potential. For further information please see the website of the Company at www.seadragonenergy.com or the Company's filed documents at www.sedar.com.
Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact should be viewed as forward-looking statements. In particular, statements concerning the 2014 drilling and capital expenditure programs of the NW Gemsa, Shukheir Marine, South Disouq and South Ramadan Concessions and the results referenced or implied herein should be viewed as forward-looking statements. All reserves information contained herein as well as the net present value of such reserves should be considered as forward looking statements. The forward-looking statements contained in this document are based on certain assumptions and although management considers these assumptions to be reasonable based on information currently available to it, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that they may prove to be correct. By their very nature, forward-looking statements are subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Such risks and other factors include, among others, costs and timing of exploration and production development, availability of capital to fund exploration and development and political, social and other risks inherent in carrying on business in Egypt. See Sea Dragon's Annual Information Form for the year ended December 31, 2013 for a description of the risks and uncertainties associated with the Company's business, including its exploration activities. The forward-looking statements contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law.The forward-looking statements contained herein are expressly qualified by this cautionary statement.
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SOURCE: Sea Dragon Energy Inc.
For further information: Sea Dragon Energy Inc. ,Paul Welch, President and Chief Executive Officer, Tel: +44 203 219 5640; Olivier Serra, Chief Financial Officer, Tel: +44 203 219 5640, Bell Pottinger (Financial PR); Philip Dennis / Joanna Boon, Tel: +44 (0) 207 861 3232; Brisco Capital Partners Corp. (Investor Relations), Scott Koyich, Tel: +1 (403) 262.9888