Sintana Energy (TSE:SEI) has released an update.
Sintana Energy Inc. has announced that Chevron Corp. affiliate Chevron Namibia Exploration Limited is acquiring an 80% working interest and operatorship in Petroleum Exploration License 82 in the Walvis Basin, offshore Namibia. Sintana retains an indirect 49% interest in Custos Energy, which, along with NAMCOR, holds a 10% carried interest. The blocks covered by the license have shown promising results from previous drilling, with significant oil-prone source rock identified.
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