Sintana Energy Inc. · TSXV:SEI

Sintana Energy — Investor Presentation (February 2023)

28 slides from Sintana Energy's investor presentation, February 2023

  1. Slide 1: Investor Presentation

    INVESTOR PRESENTATION February 2023 Exploring A Better Way SintanaEnergy.com 0 E x p l o r i n g A B e t t e r W a y 2023 © Sintana Energy Inc. All Rights Reserved

  2. Slide 2: Forward Looking Statements

    FORWARD LOOKING STATEMENTS This presentation is provided solely for information purposes to shareholders and qualified parties and help demonstrate that hydrocarbons may be present in commercially recoverable quantities in the does not constitute an offer to sell or solicit an offer to buy any secur

  3. Slide 3: Mission Statement

    MISSION STATEMENT SINTANA ENERGY is a Canadian oil and gas company with a diversified portfolio of hydrocarbon assets in highly prospective jurisdictions with world class conventional and unconventional potential. Our focus is creating exposure to large resource outcomes with limited capital require

  4. Slide 4: Corporate Overview

    CORPORATE OVERVIEW WE ARE FOCUSED ON:  Creating a portfolio of carried interests in exploration and development projects with major upside potential.  Targeting significant opportunities in prospective geographies offering high productivity reserves where exploration and development activities are

  5. Slide 5: Portfolio Overview

    PORTFOLIO OVERVIEW COLOMBIA Sintana Blocks ReconAfrica Block NAMIBIA 43,000 ACRES prospective for 5 - 15% carried and non-carried unconventional development in the interests in 4 offshore and 1 onshore prolific Middle Magdalena Basin. licenses. Colombia’s Energy Department (ANH) Colombia Recent mult

  6. Slide 6: Why Invest

    WHY INVEST  Sintana is the only public vehicle that provides exposure to both onshore and offshore Namibia exploration activity.  Sintana has access to large outcomes with limited capital requirements in the foreseeable future.  Multiple business catalysts are expected in the near term, each oppo

  7. Slide 7: Namibian Portfolio

    NAMIBIAN PORTFOLIO Sintana Licenses Kudu Gas Field ReconAfrica Sintana has 5-15% net interests, predominantly carried, in 4 offshore licenses and 1 onshore license.  Two offshore licenses, PEL 90 and 83, are directly adjacent to Venus-1X (Total) and Graff-1X (Shell), each a multi- billion barrel di

  8. Slide 8: Interest Overview

    INTEREST OVERVIEW ACREAGE WATER EST. WORK INTEROIL INTEREST (1) PARTNERS LICENSE (KM2) DEPTH (M) PROGRAM (SINTANA 49%) (Operator*) PEL 82 11,464 260 – 2,460 $86M 10% Maravillosa (80%)* Non-carried NAMCOR (10%) PEL 83 9,890 250 – 2,550 $86M 10% Galp (80%)* Carried NAMCOR (10%) PEL 87 10,947 420 – 3,2

  9. Slide 9: Our Orange Basin Licenses

    OUR ORANGE BASIN LICENSES  Three of the offshore licenses are located in the Orange Basin – and are directly adjacent to recent and historical discoveries.  PEL 90 is adjacent to the recent Venus-1X Superfan oil discovery.  PEL 83 is adjacent to the recent Graff-1X oil discovery and directly offs

  10. Slide 10: Shell Makes a Major Oil Discovery | Graff-1X

    SHELL MAKES A MAJOR OIL DISCOVERY | GRAFF-1X In February 2022, Shell (operator), Qatar Petroleum and Namcor, announced a “Significant Oil Discovery” at the Graff-1X well.  Graff-1X with estimates in excess of 2 billion barrels is Shell’s largest commercial discovery in Sub-Saharan Africa since 1996

  11. Slide 11: Total's Record Breaking Discovery | Venus-1X

    TOTAL’S RECORD BREAKING DISCOVERY | VENUS-1X In February 2022, Total Energies with partners Qatar Energy, Impact and Namcor, announced a “Giant light Oil and Gas Discovery”.  Venus-1X was drilled on PEL 56 to a total depth of 6,296 meters (84 meters of net oil pay) in a water depth of approximately

  12. Slide 12: Namibia Offshore | Geological Setting

    NAMIBIA OFFSHORE | GEOLOGICAL SETTING Source: Pancontinental – Report 03-11-22 11 E x p l o r i n g A B e t t e r W a y

  13. Slide 13: PEL 90 | Chevron Farm-In

    PEL 90 | CHEVRON FARM-IN  In October 2022, Chevron Namibia Exploration Limited farmed into PEL 90 and assumed operatorship.  Chevron is the operator with 80% working interest, NAMCOR has 10% and Interoil, an affiliate of Sintana, has 10% interest - Sintana has a 49% indirect interest in Interoil.

  14. Slide 14: PEL 90 | Work Program

    PEL 90 | WORK PROGRAM  Chevron Namibia, the operator (80% interest) intends to drill in the second half of 2023.  5,400 km2 of new 3D seismic acquisition is currently underway.  Seismic coverage includes 1,100 km of 2D seismic (2012) and 1,300 km of 2D seismic (2018) licensed from Spectrum.  The

  15. Slide 15: PEL 83 | Prospectivity

    PEL 83 | PROSPECTIVITY  Galp Energia the operator (80% interest) intends to drill in 2023.  3,000 km2 of New 3D seismic was evaluated.  Upper Cretaceous Play (Santonian/Coniacian) showed extensive set of possible traps.  Very thick Aptian Source covering the whole basin reaching a maximum of aro

  16. Slide 16: Kudu Gas Discovery

    KUDU GAS DISCOVERY Kudu, a promising future…  The Kudu gas field (PPL 003) is located in the Orange sub-basin and was discovered in 1974.  The license covers an area of approximately 4,567 km2 and is directly adjacent to Sintana’s PEL 83.  Several companies, including Chevron, Shell and Tullow, d

  17. Slide 17: PEL 87 | Saturn Super Fan

    PEL 87 | SATURN SUPER FAN  Pancontinental is the operator (75% interest).  Two main source rocks are believed to have impacted hydrocarbon generation within the basin are Barremian-Aptian (Kudu) shale and Hauterivian lacustrine syn-rift related source rock.  A large (2,400 km2) Aptian/Albian age

  18. Slide 18: Namibia Basin Super Fan Deposits

    NAMIBIA BASIN SUPER FAN DEPOSITS Recent offshore discoveries in Namibia are substantiating the potential for a world-class hydrocarbon basin similar to other global giants – offshore Brazil, Guyana and Ghana.  Namibia Basin Floor Fan (600 km2) located on PEL 56 and recently drilled by Total (Venus-

  19. Slide 19: Saturn Charge Mechanism | PEL 87

    SATURN CHARGE MECHANISM | PEL 87  The Saturn Fan is ideally located to receive charge from the mature Kudu Shale.  Oil tested from HRT Wingat- 1 recovered from analogous Aptian sand.  The Saturn reservoir was not present in Moosehead-1 well.  The reservoir quality is better developed at Saturn.

  20. Slide 20: Our Walvis Basin Project | PEL 82

    OUR WALVIS BASIN PROJECT | PEL 82  Seismic programs conducted cover more than 3,500 km of 2D and 9,500 km2 of 3D data; 5,360 km2 acquired by HRT (2011) and 4,140 km2 acquired by Galp (2018). Surface area covered by 3D data (~7,920 km2), represents 70% of total block area (~11,464 km2).  The Muromb

  21. Slide 21: PEL 103 & ReconAfrica

    PEL 103 & RECONAFRICA  PEL 103 is located in the North-East corner of Namibia, in the Waterberg Basin.  The Waterberg Basin shares similarities in respect to ReconAfrica’s Kavango Basin acreage as confirmed in it’s first Stratigraphic Test well (6-2).  ReconAfrica’s discovery confirmed an active

  22. Slide 22: Hydrocarbon Potential | PEL 103

    HYDROCARBON POTENTIAL | PEL 103  Thick Permian Karoo Supergroup sediments are present which provide a favorable setting for hydrocarbon exploration.  Waterberg Basin geology has coal and shales, 19 million tons of coal reserves were indicated within the vicinity of PEL 103.  Permian source rocks

  23. Slide 23: Colombia's Magdalena Basin | VMM-37

    COLOMBIA’S MAGDALENA BASIN | VMM-37  In 2011, Sintana was awarded the Licence contract for Block VMM -37 (43,000 acres) located in the prolific Middle Magdalena Basin.  Sintana entered into a Farmout agreement with ExxonMobil (operator) in 2012 whereby ExxonMobil would pay 100% to earn 70% partici

  24. Slide 24: Unconventional | VMM-37

    UNCONVENTIONAL | VMM-37 Shale Formation Comparisions UNCONVENTIONAL POTENTIAL Parameter VMM Tablazo VMM La Luna Neuquén Basin Eagle Ford Well Depth (ft) 10,000-14,000 9,000-12,000 10000 10,000-13,000  Shale age and facies analogous to the prolific Eagle Gross Pay (ft) 300-900 1,000-2,500 100-600 10

  25. Slide 25: Capital Markets Overview

    CAPITAL MARKETS OVERVIEW CAPITALIZATION (Millions) Common Outstanding 274 Warrants Issued @ $0.25 89 Warrants (Broker) @ $0.15 4 0.1250 Stock Options 23 Fully Diluted 390 24 E x p l o r i n g A B e t t e r W a y

  26. Slide 26: Executive Management & Directors

    EXECUTIVE MANAGEMENT & DIRECTORS A highly skilled, results oriented Executive Management Team and Board of Directors with significant International operations and finance expertise. Executive Management Board Members Keith Spickelmier – Executive Chairman Keith Spickelmier – Chairman Attorney - Capi

  27. Slide 27: Why Choose Us?

    WHY CHOOSE US? THE RIGHT TIME | THE RIGHT TEAM | THE RIGHT COMPANY  A portfolio of substantial resource opportunities diversified by geography, geology, operator, basin, play type and contractual structure – predominantly carried (no capital requirements) through near-term exploration, appraisal an

  28. Slide 28: Contact Information

    CONTACT INFORMATION Corporate Contact Investor Relations Sintana Energy Inc. – US Office Harbor Access 5501 LBJ Freeway, Suite 900 107 Elm St. 4th Floor Dallas, TX 75240 Stamford CT 06902 USA Sean Austin, Vice-President Jonathan Paterson, Managing Partner E: [email protected] E: jonathan.pa

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