Middle East Economic Survey
VOL. LIII
No 1
4-Jan-2010
EGYPT
Sea Dragon Farms Into NW Gemsa License
Canadas Sea Dragon Energy has completed its acquisition of Premier Oil Egypts 10% interest in Egypts North West Gemsa permit, which covers 260 sq km in an explored area of the Gulf of Suez Basin, 300km southeast of Cairo. The $14.7mn purchase completes an acquisition that was originally announced in August 2009. Other partners on the concession are operator Vegas Oil and Gas (50%) and Circle Oil...
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