South Disouq, Exploration Block, Nile Delta, Egypt
IPR Energy Resources, Ltd. acquired from Sea Dragon Energy Inc. a 45% working interest in the South Disouq Concession, IPR's first in the Nile Delta and first working with EGAS. The block comprises 1,275 km² of area and is located in the prolific Abu Madi – Baltim trend. The block is estimated to contain more than 1TCF of resource potential (P10 ). A 300 km2 3D seismic program is underway and will be followed by drilling.