Sintana Energy uncovers untapped petroleum resources in prime geographies

Sintana Energy Inc. (TSX-V: SEI) (OTCQB:SEUSF) is engaged in petroleum and natural gas exploration and development in highly prospective geographies that have huge unconventional and conventional resource potential. We have created a diversified asset portfolio of interests in exploration and development projects with major upside potential comprised of four large, highly prospective offshore licenses in the Wallis, Luderitz and Orange Basins and one onshore petroleum exploration license in Namibia, Southwest Africa and the unconventional resource at VMM-37 in Colombia’s Magdalena Basin. Our focus is on identifying, funding, acquiring, exploring, and valuing superior quality assets with substantial reserves potential and limited capital requirements.

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) has struck a deal to open new exploration opportunities in Angola, giving it a stake in a project as well as a partnership to seek new targets.

A strategic partnership with Corcel sees Sintana acquire an indirect 5% net interest in the KON-16 block in the onshore Kwanza Basin.

Further collaboration establishes a framework to pursue and evaluate future projects in Angola.

Sintana is investing $2.5 million – with an initial $500,000 deposit, in the deal, which supports Corcel’s investment in exploring the asset. The transaction is expected to close during the third quarter.

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) earlier this week shared new details around exploration activities offshore Namibia, highlighting developments in Petroleum Exploration Licence 83 (PEL 83) and the Mopane project.

The company told investors that Galp, the operator, has confirmed an estimate of 10.00 billion barrels of original oil in place for its first two Mopane wells. That figure had previously drawn scrutiny, but Galp reiterated its validity in a recent quarterly update, suggesting there may be further upside.

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) CEO Robert Bose talked with Proactive about major updates across its Orange Basin, Namibia assets, including progress at PEL 83, PEL 90, PEL 87, and PEL 82.

Proactive: All right, welcome back inside our Proactive newsroom. And joining me now is Robert Bose. He is the CEO of Sintana Energy. Robert, great to see you again. How are you?

The Orange Basin, offshore Namibia, is currently one of the hottest oil and gas exploration districts anywhere in the world.

Several majors are set to spend significant amounts over the coming months and years, but there’s also a more junior company getting in on the action too.

Analysts at Auctus Advisors have initiated coverage on Sintana Energy (TSX-V:SEI, OTCQB:SEUSF) with a target price of C$0.90, representing an upside to its stock price at the time of writing of 221%.

The analysts believe that the C$75 million market cap, TSX-listed explorer provides unique exposure to the Orange Basin, offshore Namibia.

“About US$1 billion has been spent in the basin in just two and a half years and the majors are rushing to acquire licences,” the analysts wrote in a note to clients.

Auctus Advisors founding partner Stephane Foucaud talked with Proactive's Stephen Gunnion about Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF), highlighting why it is an exciting time for the company and its investors. Namibia has become a global hotspot for oil exploration, with supermajors like BP, ENI, and Chevron investing heavily in the region. According to Foucaud, Sintana stands out as the only small-cap public company providing exposure to Namibia's high-impact drilling programs.

Foucaud detailed that Sintana holds interests in three key blocks (PEL 83, 90, and 87) within the Orange Basin, where recent discoveries have uncovered billions of barrels of oil and gas. He noted that last year’s Mopane discovery in PEL 83, with operator Galp Energia, adds significant value to the company's portfolio. Foucaud explained that Mopane's estimated 3 billion barrels of recoverable resources equate to a net value of $160 million for Sintana.

With three firm wells set to be drilled in 2025, including Chevron's Kapana-1X, Foucaud underscored the high potential for material discoveries that could significantly rewrite Sintana’s valuation. He added that adjacent drilling by companies like BP and Total could also have positive read-through effects on Sintana's assets.