PEL 83 Second Marketing campaign – Replace 4: Profitable Operations at Mopane 2-A & Mopane 3-X Spud Date

This part is

Revealed Dec 31, 2024 • 3 minute learn

Map of Area GNW

TORONTO, Dec. 31, 2024 (GLOBE NEWSWIRE) — Sintana Vitality Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Firm”) is happy to offer the next additional replace concerning the second marketing campaign on blocks 2813A and 2814B situated within the coronary heart of Namibia’s Orange Basin. The blocks are ruled by Petroleum Exploration License 83 (“PEL 83”) which is operated by a subsidiary of Galp Energia (“Galp”) of Portugal. Sintana maintains an oblique 49% curiosity in Custos Vitality (Pty) Ltd. (“Custos”), which owns a ten% working curiosity in PEL 83. NAMCOR, the Nationwide Petroleum Firm of Namibia, additionally maintains a ten% working curiosity.

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On the subject of Galp’s company web site (at galp.com) and updates offered therein along with a launch from Custos (obtainable at newsdirect.com), we’re happy to announce that the PEL 83 Joint Enterprise companions have efficiently drilled and logged the Mopane-2A effectively (Effectively #4) on PEL 83 which was spud on December 2nd.

Mopane-2A
efficiently
encountered hydrocarbons in two reservoirs – a column of gas-condensate in AVO-3 with a skinny internet pay within the reservoir candy spot, and additionally
a
column
of
mild oil in a smaller reservoir at AVO-4.

Each reservoirs confirmed good high quality sands, with good porosities and permeabilities,
excessive
pressures
and low
fluid
viscosity
traits,
with
minimal
CO2
and
no
H2S
concentrations. Additionally, according to all earlier Mopane wells, no water contacts had been discovered.

Galp and its companions will proceed to research and combine the entire newly acquired information to permit a greater understanding of the Mopane advanced, which can help the persevering with evaluation of the commerciality of the discoveries.

As a part of the continuing E&A marketing campaign within the wider Mopane space, the drillship is now transferring to the
Mopane-3X
exploration
effectively
location
(Effectively
#5),
focusing on
two
stacked
prospects
AVO-10
& AVO-13 with an anticipated spud date round January 1st, 2025.

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“The continued success at Mopane is emblematic of the world class scale and high quality of the advanced. We stay up for additional exploration and appraisal actions anticipated over coming months to additional unveil the unequalled high quality of our place on the coronary heart of Namibia’s Orange Basin,” stated Robert Bose, Chief Government Officer of Sintana.

ABOUT
SINTANA ENERGY:

The Firm is engaged in petroleum and pure gasoline exploration and improvement actions on 5 massive, extremely potential, onshore and offshore petroleum exploration licenses in Namibia, and in Colombia’s Magdalena Basin.

On
behalf
of
Sintana
Vitality
Inc.,

“A. Robert Bose”
Chief Government Officer

For added data or to sign-up to obtain periodic updates about Sintana’s tasks, and company actions, please go to the Firm’s web site at www.sintanaenergy.com.

Company Contacts:		Investor Relations Advisor:
Robert Bose	Sean J. Austin	Jonathan Paterson
Chief Government Officer	Vice-President	Founder & Managing Companion
212-201-4125	713-825-9591	Harbor Entry
		475-477-9401

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Ahead-Wanting Statements

Sure data on this launch are forward-looking statements. Ahead-looking statements include statements that aren’t purely historic, together with statements concerning beliefs, plans, expectations or intensions for the longer term, and embody, however not restricted to, statements with respect to potential future farmout agreements on PEL 83 and/or PEL 87, and proposed future exploration and improvement actions on PEL 83 and/or PEL 90 and neighbouring properties, in addition to the possible nature of the Firm’s property pursuits. Such statements are topic to dangers and uncertainties that will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements, together with, however not restricted to dangers regarding the receipt of all relevant regulatory approvals, outcomes of exploration and improvement actions, the power to supply three way partnership companions and fund exploration, allowing and authorities approvals, and different dangers recognized within the Firm’s public disclosure paperwork sometimes. Readers are cautioned that the assumptions used within the preparation of such data, though thought-about affordable on the time of preparation, could show to be imprecise and, as such, undue reliance shouldn’t be positioned on forward-looking statements. The Firm assumes no obligation to replace such data, besides as could also be required by legislation.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.