RE:Exxon backs out1.
this year, exploration well, drilled and fully carried by Chevron in the Chevron block. If I remember correctly Chevron plans some more wells there.
2.
this and next year, 4 appraisal wells for Mopany by GALP in the Galp block. GALP is very keen to develop this discovery.
3.
next year, Saturn prospect, exploration well, drilled and fully carried by Woodside (Pancontinental block)
Sintana is already de-resiked because of the 10 billion barrel oil discovery Mopane.
And now Sintana has a second chance for another Mopane in the Chevron block and a third chance for a third Mopane in the Saturne block.
Very very seldom you see a small E&P company like Sintana, already de-risked with two discovery wells (Mopane 1, Mopane 2) with a 14.000 bbl/d well test, only limited by too small testing equipment, PLUS such a free carried hugh and promising upside potential in the oil prone neighbouring offshore blocks.