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Sintana Energy Inc. V.SEI

Alternate Symbol(s):  SEUSF

Sintana Energy Inc. is an oil and natural gas exploration company. It is engaged in petroleum and natural gas exploration and development activities in five large onshore and offshore petroleum exploration licenses in Namibia, as well as in Colombia's Middle Magdalena Basin. Its primary assets are held through its 49% interest in Inter Oil (Pty) Ltd. (Inter Oil). Inter Oil is a private company which indirectly holds a portfolio of offshore petroleum exploration license (PEL) including a 15% carried interest in PEL 87; a 10% carried interest in each of PELs 82 and 83, and a 10% carried interest in PEL 90. In addition, it holds private participation interests of 25% unconventional and 100% conventional in the potential hydrocarbon resources of the 43,158 acres Valle Medio Magdalena 37 (VMM-37) Block in Colombia. The Middle Magdalena Basin is located in north-central Colombia between the Central and Eastern Ranges of the Andes, covering an area of 34,000 square kilometers (13,000 sq mi).


TSXV:SEI - Post by User

Post by 5L4on Apr 24, 2024 2:02pm
184 Views
Post# 36005511

Rhino Resources drilling block 85 Nov24...booom

Rhino Resources drilling block 85 Nov24...booomSo the next door block to todays new block announcement have contracted Noble rig and Halliburton for Nov for a minimul 2 well contract.....how good is this folks.

Upstream today

Halliburton has been awarded a deep-water integrated multi-well construction contract by Rhino Resources for the privately owned player in Namibia's Orange basin.

Earlier this week, Rhino said it had awarded a contract to Noble Drilling to use its Noble Venturer drillship to drill at least two exploration wells in Block 2914A, starting this November.

Under this agreement — which Upstream understands was more or less finalised last year — Halliburton will provide complete solutions to construct exploration and appraisal wells, along with testing services, extending its country operation facilities to support all product service lines from Namibia.

Jean Marc Lopez, head of Europe, Eurasia & Sub-Saharan Africa at Halliburton, described the agreement as "a strategic milestone to harness the full potential of Namibia’s oil and gas sector”.

Rhino chief executive Travis Smithard said: “The opportunity for catalysing local services and the broadening of positive economic influence in Namibia are expected to establish a valuable legacy for the Namibian people well beyond our initial exploration campaign.”

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