Sea Dragon Energy Inc.s IPO as announced by Mogul Energy

Sea Dragon Energy Inc.s IPO as announced by Mogul Energy

Mogul Energy International, Inc was notified about Sea Dragon Energy Inc Initial public offering of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share closing.

4 million common shares of Sea Dragon is owned by Mogul through its April 24th, 2008 Agreement of Purchase and Sale with Sea Dragon,in which the Company exchanged its 20% working interest in the EWA Concession in exchange for satisfaction of its outstanding liabilities relating to the Company’s drill program on the EWA Concession and a cash payment of US$100,000 and equity participation in the amount of 4 million common shares of Sea Dragon.

Mogul Energy is an oil and gas exploration company with headquarters in Seattle, Washington. Mogul Energy has acquired a portfolio of oil and gas leases in South East Saskatchewan, Canada. The Company has a 100% interest in sixty-eight (68) separate freehold oil and gas exploration leases on approximately 9,300 acres situated in South East Saskatchewan.


Contact Information:

Company Contact Naeem Tyab Mogul Energy 206-357-4220

Source: Mogul Energy International, Inc.

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