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The latest update is out from Sintana Energy ( (TSE:SEI) ).
Sintana Energy announced an update on the Kapana 1-X exploration well in Namibia’s Orange Basin, operated by Harmattan Energy under Chevron. Although the well did not find commercial hydrocarbons, it provided valuable geological insights that bolster confidence in future exploration programs. The operations are seen as supportive of continued progress and value in Sintana’s portfolio, reinforcing its position in the Orange Basin. The company remains optimistic about future activities on PEL 90 and ongoing operations on PEL 83.
More about Sintana Energy
Sintana Energy Inc. is involved in petroleum and natural gas exploration and development, operating in Namibia and Colombia. The company holds several petroleum exploration licenses, focusing on both onshore and offshore opportunities.
YTD Price Performance: -10.91%
Average Trading Volume: 493,564
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$365.8M
For detailed information about SEI stock, go to TipRanks’ Stock Analysis page.
