Sintana Energy Bolsters Namibian Oil Interests

Sintana Energy (TSE:SEI) has released an update.

Sintana Energy has solidified its position in Namibia’s burgeoning Orange Basin by acquiring up to a 67% stake in Giraffe Energy Investments, which holds a 33% interest in the promising Petroleum Exploration License 79. This strategic move not only enhances Sintana’s portfolio but also taps into the region’s growing oil exploration momentum, with neighboring blocks advancing significant seismic studies and drilling campaigns.

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