Riley Exploration Permian, Inc. press release
Sintana Energy CEO confirms 2nd significant light oil discovery at Mopane-1X
NYSE - New York Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · United States · Drill Results
(NewsDirect)
Sintana Energy CEO Robert Bose shared significant developments regarding the Mopane-1X well during an interview with Steve Darling from Proactive.
According to Bose, Sintana Energy, in partnership with Galp through the AVO-2 consortium, has successfully and safely drilled, cored, and logged a deeper target in the Mopane-1X well, located on block 2813 governed by PEL83 in Namibia.
Bose also revealed that Galp has made another noteworthy discovery within the Mopane-1X well. A second substantial column of light oil has been identified in reservoir-bearing sands of high quality. Following these discoveries, the drilling rig is expected to be relocated to the Mopane-2X well location to further evaluate the extent of the Mopane discoveries. Subsequently, a Drill Stem Test will be conducted in Mopane-1X to assess commercial viability.
Bose highlighted the strategic importance of the Multani 1x location, emphasizing its position as the first well drilled beyond Shell and Total's concentrated efforts. The discoveries, announced on January 10th and 26th, showcased the basin's extensive resources, estimating up to 10 billion barrels of original oil in place.
Sintana Energy maintains an indirect 49% interest in Custos Energy, which holds a 10% working interest in PEL 83. The National Petroleum Company of Namibia (NAMCOR) also maintains a 10% working interest in the project. The consortium partners, including Sintana Energy and Galp, will continue to analyze the acquired data to determine the commercial potential of these discoveries.
Contact Details
Proactive Canada
Proactive Canada
+1 604-688-8158
action@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Earlier from Riley Exploration Permian, Inc.
More drill results releases
- Copper One Identifies New Copper Zone 600 Metres Northeast of Main Zone at Redonda Copper-Molybdenum Project, British Columbia Copper One Resources Corp. (CEXY.CN),
- Quimbaya Gold Defines a Copper-Molybdenum Porphyry System at Tahami Center Quimbaya Gold Inc. (QIM.CN),
- NiobiumX Mining Outlines Its Staged Exploration Strategy at Shipshaw, Approximately Two Kilometres from North America's Only Producing Niobium Mine, as Brazil Supplies Approximately 93% of World Niobium and the United States Has No Domestic Mine (NIOX.CN),