Sintana Energy Inc. · TSXV:SEI
Sintana Energy — Investor Presentation (April 2024)
25 slides from Sintana Energy's investor presentation, April 2024
Slide 1: Corporate Presentation
CORPORATE PRESENTATION April 2024 Exploring A Better Way SintanaEnergy.com Photo: Hercules Semi-Submersible Rig 0 E x p l o r i n g A B e t t e r W a y 2024 © Sintana Energy Inc. All Rights Reserved
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
Slide 3: Overview
OVERVIEW SINTANA ENERGY is a TSX-Venture and OTCQB listed oil and gas exploration company focused on creating a portfolio of exposure to large resource outcomes that require limited additional capital from the Company. 2 E x p l o r i n g A B e t t e r W a y
Slide 4: Why Invest
WHY INVEST Recent multi-billion barrel discoveries firmly establish offshore Namibia as one of the world's most prospective regions for oil & gas exploration. Sintana is the only public vehicle that provides exposure to the heart of the Namibian Orange Basin exploration opportunity on a carried
Slide 5: Corporate Overview
CORPORATE OVERVIEW WE ARE FOCUSED ON: Creating a portfolio of carried interests in projects with significant upside potential. Targeting opportunities in regions offering multi billion barrel reserve potential where exploration and development activities are increasing. Partnering with experie
Slide 6: Namibian Portfolio
NAMIBIAN PORTFOLIO Sintana has interests in 4 offshore licenses and 1 onshore Sintana Licenses Kudu Gas Field license. Orange Basin Licenses PEL 90 is operated by Chevron. PEL 87 has been optioned by Woodside. PEL 83 is operated by Galp. Walvis Basin License PEL 82 is located in the heart of
Slide 7: 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. An estimated 11 billion barrels of oil in place and 9 trillion cubic feet of associated gas has been discovered to date. (1) PEL 90 is adjace
Slide 8: Orange Basin Interests | Activity
ORANGE BASIN INTERESTS | ACTIVITY Orange Basin Block PEL 83 PEL 87 PEL 90 Operator Galp Pancon/Woodside(1) Chevron Interest(2) 4.9% 7.3% 4.9% Carry Through Production Until Development Seismic, 1 Exploration Well Licence Area (km2) 9,890 10,947 5,433 New 3D Seismic (km2) 3,000 6,593 6,520 Adjacent D
Slide 9: Mopane Light Oil Discovery | Galp
MOPANE LIGHT OIL DISCOVERY | GALP Earlier this year Galp announced the Mopane-1X and Mopane 2X discoveries of light oil in reservoir-bearing sands of high quality. Mopane-1X encountered light oil at two levels, AVO-1 within the Cenomanian-Turonian, and a deeper target at AVO-2. Mopane-2X (offs
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 an estimated 2.38 billion barrels of oil (BBO) is Shell’s largest commercial discovery in Sub-Saharan Africa sinc
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
Slide 12: PEL 83 | Prospectivity
PEL 83 | PROSPECTIVITY Galp Energia is the operator (80% interest). 3,000 km 2 of new 3D seismic was evaluated to identify prospects. PEL 83 is anticipated to contain mature, oil-prone source rock intervals of Barremian-Aptian (Kudu) shale and Cenomanian-Turonian ages. A very thick Barremian
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 Trago Energy, an affiliate of Sintana, has 10% interest – Sintana has a 49% indirect interest in Trago
Slide 14: PEL 87 | Saturn Super Fan
PEL 87 | SATURN SUPER FAN In early March of 2023 Woodside Energy entered into an option agreement to acquire a 56% Participating Interest in PEL 87 by paying for 5,000 km 2 of 3D seismic estimated to cost US$35 million. The seismic acquisition increased to 6,593 km2 was completed in late May wit
Slide 15: High Activity Level | Catalysts
HIGH ACTIVITY LEVEL | CATALYSTS Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 INDICATIVE TIMETABLE Galp signs Rig mobilized Mopane drilling Test, analyze and report Future drilling assessment PEL 83 contract for to Namibia and testing (2 wells) drilling results and operations Hercules rig Woodside
Slide 16: Namibia Basin Super Fan Deposits
NAMIBIA BASIN SUPER FAN DEPOSITS Recent offshore discoveries in Namibia have substantiated the potential for a world-class hydrocarbon basin with analogous geology to other global giants – offshore Brazil, Guyana and Ghana. Saturn Floor Fan (2,400 km 2) hosts the giant Saturn Turbidite Complex (ST
Slide 17: Namibia Offshore | Geological Setting
NAMIBIA OFFSHORE | GEOLOGICAL SETTING Source: Pancontinental – Report 03-11-22 16 E x p l o r i n g A B e t t e r W a y
Slide 18: Kudu Gas Discovery
KUDU GAS DISCOVERY Kudu, a promising future… The Kudu gas field (PPL 003) located in the Orange sub-basin was discovered in 1974. Several companies, including Chevron, Shell and Tullow, drilled a total of 8 wells between 1974 and 2014. BW Energy purchased a semi-submersible rig in Q1-2022 to u
Slide 19: 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 km 2 acquired by HRT (2011) and 4,140 km 2 acquired by Galp (2018). Surface area covered by 3D data (~7,920 km 2), represents 70% of total block area (~11,464 km 2). The Mu
Slide 20: PEL 103
PEL 103 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). PEL 103 located ~55 km to the south-west of ReconAfrica co
Slide 21: 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
Slide 22: Executive Management & Directors
EXECUTIVE MANAGEMENT & DIRECTORS Executive Management Board Members Keith Spickelmier – Executive Chairman Keith Spickelmier – Chairman Attorney - Capital Markets and Corporate Finance Co-Founder of Discovery Energy, Blockmetrix LLC. Robert Bose – Chief Executive Officer Douglas Manner – Director In
Slide 23: Capital Markets Overview
CAPITAL MARKETS OVERVIEW CAPITALIZATION (Millions) TSX-V: SEI Common Outstanding 372 $0.60 Options 24 $0.50 Fully Diluted 396 Cash Position (Est.) C$20M $0.40 As of April 3, 2024 $0.30 $0.20 MAJOR SHAREHOLDERS $0.10 Charlestown 13% $0.00 Grisham 2M 12% Insiders 48% 1M Major Holders 12% Vol Oct-23 No
Slide 24: 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
Slide 25: Contact Information
CONTACT INFORMATION Corporate Contact Investor Relations Sintana Energy Inc. – US Office Harbor Access 14901 Quorum Drive, Suite 850 107 Elm St. 4th Floor Dallas, TX 75254 Stamford CT 06902 USA Sean Austin, Vice-President Jonathan Paterson, Managing Partner E: [email protected] E: jonathan.