Core Insights - Sintana Energy Inc. has provided an update on its exploration activities in Namibia's Orange Basin, specifically regarding the second campaign on blocks 2813A and 2814B under Petroleum Exploration License 83 (PEL 83) [1][2] - The Mopane-3X well has been successfully drilled, confirming significant columns of light oil and gas-condensate in high-quality sandstones [3][4] - The company holds a 49% indirect interest in Custos Energy, which has a 10% working interest in PEL 83, alongside NAMCOR's 10% interest [1][2] Exploration and Development - The Mopane-3X well targeted two stacked prospects and a deeper sand at approximately 1,200 meters water depth, with preliminary data indicating good reservoir characteristics [3][4] - Initial fluid samples from the well show low oil viscosity and minimal concentrations of CO2 and H2S, with further lab testing underway [4] - A proprietary 3D seismic acquisition campaign is on track for completion in Q1 2025, with data processing to follow [5] Management Commentary - The CEO of Sintana, Robert Bose, highlighted the scale and quality of the Mopane complex, emphasizing the company's strong position in the region [6] - Knowledge Katti, Chairman and CEO of Custos, noted the significance of the stacked discoveries in showcasing the potential of the Mopane complex [7] Company Overview - Sintana Energy is engaged in petroleum and natural gas exploration and development across six large, highly prospective exploration licenses in Namibia and Colombia's Magdalena Basin [8]
PEL 83 Second Campaign – Update 5 Additional Discoveries at Mopane 3-X