In October 2014, Mediterra Energy Corporation (Mediterra) of Canada completed the purchase of a 50% interest in the Kom Ombo concession from Dana Gas to increase its shares to 100%. The company acquired another 50% interest of the concession from Sea Dragon Energy Inc. (Sea Dragon) on 31 October 2013.  The concession includes Al Baraka and West Al Baraka fields that were producing about 400 bo/d.  Background information On 5 May 2010, Sea Dragon announced that it has completed the payment of the sum of USD 28.5 million for its purchase of 50% participating interest in the Kom Ombo concession, Block 2 from Dana Gas Egypt Ltd. The company said it had previously paid an initial installment of USD 10 million to Dana Gas in January 2010 concurrent with becoming the registered holder of the Kom Ombo Concession under Egyptian law. There continues to be a small balance due from the Company to Dana Gas of approximately USD 3 million which will be paid once all working capital and other adjustments have been finalized between the parties. The aggregate purchase price for the Company's 50% participating interest in the Kom Ombo Concession is approximately USD 41.3 million, inclusive of Sea Dragon's reimbursement to Dana Gas of approximately USD 4 million of Sea Dragon's participating interest share of costs paid by Dana Gas for the period after the effective date and prior to the closing date and inclusive of certain working capital adjustments of approximately USD 4 million. Under the terms of the acquisition, Sea Dragon is also responsible to pay approximately USD 4 million of Dana Gas' share of costs incurred after the effective date.  Â 
Mediterra Energy Corporation (Mediterra) of Canada completed the purchase of a 50% interest in the Kom Ombo concession from Dana Gas to increase its shares to 100%. 