Sintana Energy advances Namibia and Angola projects amid regional oil boom

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8d ago 7:15

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Sintana Energy CEO Robert Bose recently spoke with Steve Darling from Proactive to discuss the company’s latest milestones across its African portfolio, with key developments in Namibia and Angola highlighting growing momentum. Bose began by announcing that Petroleum Exploration License (PEL) 79, Sintana’s shallow-water asset in Namibia, has been granted a one-year extension. “We were pleased to announce last week that the joint venture had received an extension of that license for another year,” he said. The extension provides additional runway for asset development in a region that is rapidly gaining prominence in global energy markets. Adding to the excitement, Bose pointed to nearby drilling success by Rhino Resources at Capricorn, where production recently reached 11,000 barrels per day. Furthermore, BW Energy is preparing to begin exploration drilling immediately west of PEL 79, reinforcing the strategic value of the license. Another highlight from the interview was PEL 83, where Sintana holds a 10% carried interest. According to Bose, operator Galp is in discussions with major international oil companies to potentially farm into the license following a major discovery estimated to hold 10 billion barrels of oil in place. This project is shaping up to be one of the most significant oil finds in recent years and positions Sintana for substantial upside. Bose also spoke about Sintana’s recent entry into Angola through a 5% indirect interest in onshore block CON 16. The block, he noted, is especially attractive because it offers “an offshore prize with an onshore cost structure.” Initial estimates suggest up to 400 million barrels recoverable from just one of the prospects within the block, providing a compelling cost-to-reward profile. With a diversified portfolio and exposure to some of the most promising plays in sub-Saharan Africa, Sintana Energy is emerging as a strategic player in the region’s energy transition and global oil supply outlook. #proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #OilExploration #Namibia #OrangeBasin #EnergySector #PEL83 #RobertBose #GalpEnergia #Chevron #QatarEnergy #EnergyNews #ProactiveInvestors #2025EnergyTrends

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