Core Insights - Sintana Energy Inc. provided an update on the Kapana 1-X exploration well, which is part of Petroleum Exploration License 90 (PEL 90) operated by Chevron, indicating that while operations reached total depth 25% ahead of schedule, no commercial hydrocarbons were found [1][2] - Despite the lack of commercial hydrocarbons, the operations yielded valuable geological insights that enhance confidence in future programs on PEL 90 [2][3] - The company emphasizes the strategic importance of its position in Namibia's Orange Basin, highlighting ongoing and future activities on PEL 90 and PEL 83 as key opportunities for growth [3][4] Company Overview - Sintana Energy is engaged in petroleum and natural gas exploration and development across five large, highly prospective exploration licenses in Namibia and Colombia's Magdalena Basin [5]
PEL 90 Update Kapana 1-X