Rig Contract Signed for Initial Exploration Drilling
TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to confirm that a...
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TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to confirm that a...
The contract is for two wells plus optional well testing. The drilling program, including mobilization, is projected to commence in the fourth quarter of 2023.
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Woodside will have a period of at least 180 days after the delivery of the seismic survey data to exercise that option.
Sintana Energy has announced that Woodside has entered into an agreement whereby it has the option to acquire a 56% Participating Interest in Petroleum Exploration License 87 ('PEL 87'), in consideration for, among other things, paying the full cost for a 3D-seismic survey covering an area of at least 5,000 sq kms at an estimated cost of US$35 million.