SINTANA ENERGY INC. Provides Update on PEL 83 Exploration Campaign – Rig Enroute, First Well to Spud in Mid-November
TORONTO, Oct. 19, 2023 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”) refers to a press release published by its Namibian affiliate Custos Energy (Pty) Ltd. (together with Custos Investments (Pty) Ltd., “Custos”) regarding the upcoming exploration campaign on blocks 2813A and 2814B governed by Petroleum Exploration License 83 (“PEL 83”). PEL 83 is located in the heart of Namibia’s Orange Basin, one of the world’s most prospective oil and gas regions. Each of Custos and NAMCOR own 10% working interests in PEL 83, and are carried by Galp through first sales. Sintana maintains an indirect 49% interest in Custos.
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