Sintana Energy Reports Successful Discoveries in Namibia’s Orange Basin

Sintana Energy ( (TSE:SEI) ) has shared an announcement.

Sintana Energy Inc. announced successful drilling and discoveries at the Mopane-3X well in Namibia’s Orange Basin. The well revealed significant columns of light oil and gas-condensate in high-quality sandstones, enhancing the company’s exploration prospects and potentially strengthening its position in the energy market.

More about Sintana Energy

Sintana Energy Inc. operates in the energy sector, focusing on oil and gas exploration. The company holds an indirect interest in Custos Energy, which has a stake in Petroleum Exploration License 83 in Namibia’s Orange Basin.

YTD Price Performance: -34.55%

Average Trading Volume: 557,678

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$268.8M

For an in-depth examination of SEI stock, go to TipRanks’ Stock Analysis page.