Sintana Energy: Major Updates from Orange Basin, Namibia Assets
In a recent interview with Proactive, Sintana Energy Inc’s (SEI, SEUSF) CEO Robert Bose shared exciting updates on the company’s progress across its assets in the Orange Basin, Namibia. Let’s dive into the details.
PEL 83
Bose discussed the significant advancements at PEL 83, where Sintana Energy holds an 80% interest. The company has completed a 3D seismic survey covering approximately 1,200 square kilometers. This data will be processed and interpreted to identify prospective drilling targets. Bose expressed optimism about the potential discoveries, citing the presence of multiple oil and gas structures in the area.
PEL 90
At PEL 90, Sintana Energy is working on the development of the Tamaris oil field. The CEO shared that the company is currently in the process of drilling the Tamaris-10 appraisal well. This well will provide valuable information about the reservoir size, oil column height, and oil quality. Bose emphasized the importance of this well in determining the future development plan for the Tamaris oil field.
PEL 87
Sintana Energy’s PEL 87 asset is home to the Sharon oil field, where the company is drilling the Sharon-1 well. This well is targeting the Lower Cretaceous and Jurassic formations. The CEO reported that the well has reached a depth of approximately 3,000 meters and encountered hydrocarbon shows in the Lower Cretaceous. Bose shared his enthusiasm about the potential discoveries at this site, as the Lower Cretaceous formation is known to contain substantial oil reserves.
PEL 82
Lastly, Bose touched upon the progress at PEL 82, where Sintana Energy is exploring the Namaras prospect. The company has completed a 3D seismic survey covering approximately 1,100 square kilometers. The data acquired will be processed and interpreted to identify prospective drilling targets. Bose highlighted the potential of this prospect, as it lies in the same basin as other successful discoveries.
How does this affect me?
As an investor, these updates are encouraging signs of growth and potential for Sintana Energy. Successful drilling results could lead to increased stock value and potential returns on investment. Staying informed about the company’s progress can help you make informed decisions about your investment portfolio.
How does this affect the world?
The discoveries made by Sintana Energy in Namibia could contribute to the global energy market. Increased oil production could help meet the world’s growing energy demands. Additionally, the development of these oil fields could create jobs and stimulate economic growth in Namibia.
In conclusion
Sintana Energy’s updates on its Orange Basin, Namibia assets are a promising sign of growth and potential discoveries. With ongoing drilling activities and the processing of 3D seismic data, the company is making strides towards unlocking the potential of these oil fields. As an investor, staying informed about these developments can help you make informed decisions. And for the world, successful discoveries could contribute to the global energy market and stimulate economic growth in Namibia.
- CEO Robert Bose shared updates on Sintana Energy’s Orange Basin, Namibia assets
- Significant progress at PEL 83, PEL 90, PEL 87, and PEL 82
- Drilling ongoing at Tamaris-10, Sharon-1, and potential discoveries at Namaras prospect
- Staying informed about company’s progress can help investors make informed decisions
- Successful discoveries could contribute to global energy market and economic growth in Namibia
