January 31, 2011 / 12:42 PM / 7 years ago

UPDATE 1-Sea Dragon says production in Egypt uninterrupted

* Demonstrations have little or no impact on co’s field ops

* Says shortage of supplies at Kom Ombo

Jan 31 (Reuters) - Canadian oil explorer Sea Dragon Energy Inc (SDX.V) said production at its field operations in Egypt remains uninterrupted.

“Street demonstrations are restricted to major cities and therefore have little or no impact on the company’s field operations in Kom Ombo and NW Gemsa,” the company, whose activities are concentrated in Egypt, said in a statement.

Sea Dragon said it is experiencing some shortages in supplies in Kom Ombo because of the remoteness of the area, and that drilling and service rigs have temporarily been placed on stand-by until regular transportation of goods and services resumes.

Sea Dragon and Dana Gas Egypt each have a 50 percent working interest and are joint operators of the Kom Ombo Concession.

Protesters intensified their campaign on Monday to force Egypt’s President Hosni Mubarak to quit. The uprising against Mubarak’s 30-year-rule is now in its sixth day. [ID:nLDE70U00B]

Sea Dragon’s shares closed at 23 Canadian cents on Friday on the Toronto Venture Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Anne Pallivathuckal)

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