Sintana Energy Advances in Namibia's Orange Basin Exploration
Sintana Energy Advances in Namibia's Orange Basin Exploration
In a recent update, Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) is excited to share progress regarding its ongoing exploration activities in Namibia's Orange Basin. The second campaign on blocks 2813A and 2814B is showing promising results as the Mopane-1A appraisal well has successfully been drilled, cored, and logged.
Highlights from the Mopane-1A Well
The Mopane-1A well, which commenced drilling on October 23 and completed on November 28, has encountered light oil and gas-condensate in high-quality reservoir sands. This discovery indicates significant potential, showing favorable geological characteristics, including good porosities, high permeabilities, and low oil viscosity. It also features minimal CO2 emissions and no concentrations of H2S, which is an excellent sign for the area’s productivity.
Exploration Depths and Future Prospects
This appraisal well confirms the findings from prior wells, including Mopane-1X and Mopane-2X, supporting the extension and quality of the AVO-1 resource. Sintana and its partners, including Galp Energia and Custos Energy, plan to integrate all new data from this well into their strategies for upcoming exploration and appraisal activities.
Next Steps and 3D Seismic Campaign
Looking ahead, the company will initiate a high-resolution proprietary 3D seismic campaign starting in December. This is critical for understanding the full scope and value of the Mopane complex. Overall, the current campaign includes up to four wells: two exploratory and two appraisal, aimed at further revealing Mopane's potential.
Statements from Company Leadership
Robert Bose, Chief Executive Officer of Sintana, expressed enthusiasm about the appraised Mopane-1A well’s results. He stated, “The quality and scale of the Mopane complex continue to impress us with this latest appraisal. We are eager to continue our exploration and appraisal activities in 2025.”
Knowledge Katti, Chairman and CEO of Custos, emphasized that the ongoing efforts at PEL 83 represent a significant chapter in their exploration narrative in Namibia, highlighting the promising nature of their world-class portfolio in the area.
About Sintana Energy
Sintana Energy is actively engaged in exploring and developing five major petroleum exploration licenses both onshore and offshore in Namibia, as well as in Colombia’s Magdalena Basin. Their strategic focus on these areas aims to enhance resource discovery and development in these rich hydrocarbon regions.
Company Contacts
For those interested in more information or to receive project updates, Sintana Energy encourages visitors to check their corporate website.
On behalf of Sintana Energy Inc.,
“A. Robert Bose”
Chief Executive Officer
Frequently Asked Questions
What is the significance of the Mopane-1A well?
The Mopane-1A well is significant as it has confirmed the presence of light oil and gas-condensate, indicating high-quality reservoir characteristics and potential profitability for ongoing exploration.
How many wells are included in the current campaign?
The current campaign includes up to four wells: two exploratory and two appraisal wells as part of the strategic plan to further investigate the Mopane complex.
What are the next steps for Sintana Energy?
Sintana Energy is set to advance their exploration strategy with a high-resolution proprietary 3D seismic campaign starting soon, enhancing their geological understanding of the area.
Who are the partners involved in the exploration of PEL 83?
The key partners include Galp Energia and Custos Energy, alongside Sintana Energy, highlighting a collaborative effort in this significant exploration area.
What does this exploration mean for Sintana's future?
This exploration signifies Sintana's commitment to leveraging its asset portfolio to uncover additional hydrocarbon resources, fostering growth and potential revenue opportunities in the energy sector.
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