Sintana Energy Announces Major Oil Discoveries and Strategic Partnerships [Video]

Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to detailed the outcomes of their exploration campaign in Namibia, highlighting the discovery of oil across multiple horizons in the Mopane wells, with one well testing at a flow rate of 14,000 barrels per day. The estimated reserves exceed 10 billion barrels, positioning Mopane among the largest oil discoveries globally in recent decades.

Bose also discussed the enhanced visibility and investor interest following these discoveries, noting a rise in trading volumes and stock response. The company also revealed that Chevron Namibia Exploration, an affiliate of Chevron Corp., has entered into an agreement to join Petroleum Exploration License 82 (PEL 82). Under the agreement, Chevron assumes an 80% working interest and operatorship, while NAMCOR and Custos Energy each retain a 10% carried interest in PEL 82. Sintana, with an indirect 49% interest in Custos, maintains a strategic position within the license. …