Update on Sintana Energy’s Exploration Campaigns
TORONTO — Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) is excited to share its latest updates regarding ongoing operations in the Orange Basin of Namibia. The company holds a significant 49% stake in Custos Energy (Pty) Ltd., which maintains a 10% working interest in Petroleum Exploration License 83 (PEL 83).
Recent Developments at Mopane
Following successful appraisal activities at the Mopane 1-A location, Sintana and its partner have decided to extend the use of the Santorini drillship. This strategic decision aims to capitalize on recent improvements without incurring additional costs for mobilization. The goal is clear: continue the exploration and appraisal campaign throughout the southern hemisphere summer.
Spud of Mopane-2A
Mopane-2A (well #4) has recently commenced drilling while Mopane-3X (well #5) is scheduled for spudding in early 2025. These activities are set against the backdrop of new advanced 3D seismic data, which is expected to yield promising insights into the area’s potential.
Impressive Findings from Recent Wells
The results reported from Mopane-1A highlighted the presence of light oil and gas-condensate within high-quality reservoir-bearing sands. These findings are enriching the geological story and add to the excitement surrounding the project's future. With promising porosities, permeability, and minimal viscosity challenges, Sintana Energy is gaining confidence in the underexplored potential of this region.
Details of Findings
The well tests indicated favorable conditions, further supporting the rich prospects of AVO-1. This comprehensive data array is crucial for accelerating Sintana's exploration activities, confirming not just subsurface resource potential but also directing future efforts.
Leadership's Vision
Robert Bose, Sintana's CEO, emphasized the significance of these ongoing operations. He highlighted the company's commitment to uncovering the expansive potential of the Mopane complex, aiming to reveal its world-class prospects in the coming months.
About Sintana Energy
Sintana Energy operates on five large and promising petroleum exploration licenses situated in Namibia and the Magdalena Basin of Colombia. The company is keenly focused on maximizing its assets and driving innovative exploration strategies.
Corporate Contacts
For further inquiries or updates, please contact our corporate offices:
- Robert Bose - Chief Executive Officer - 212-201-4125
- Sean J. Austin - Vice-President - 713-825-9591
- Jonathan Paterson - Founder & Managing Partner - 475-477-9401
Frequently Asked Questions
What is the latest update from Sintana Energy?
Sintana Energy has successfully started drilling the Mopane-2A well and plans to spud the Mopane-3X well early next year.
What are the findings from the Mopane-1A well?
The Mopane-1A well uncovered light oil and gas-condensate, indicating the presence of high-quality reservoir sands.
What is the significance of the recent 3D seismic data?
Newly processed 3D seismic data enhances exploration efforts by providing detailed insights into the geological formations targeted in the Mopane complex.
Who leads Sintana Energy?
Robert Bose serves as the Chief Executive Officer of Sintana Energy, steering the company towards its exploration goals.
How can I get updates about Sintana Energy's activities?
Interested parties can sign up for periodic updates and news by visiting Sintana Energy's official website.
