Sintana Energy (TSE:SEI) has released an update.
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Sintana Energy announces the successful completion of well testing at Mopane-1X in Namibia’s Orange Basin, suggesting a significant commercial discovery. The wells revealed substantial light oil reserves in high-quality sands, with the Mopane complex estimated to hold over 10 billion barrels of oil equivalent. These promising results have the potential to position Mopane as an important asset in the global oil and gas sector.
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