Sintana Energy Inc. · TSXV:SEI
Sintana Energy — Investor Presentation (June 2023)
27 slides from Sintana Energy's investor presentation, Jun 15, 2023
Slide 1: European Investor Presentation
EUROPEAN INVESTOR PRESENTATION June 15, 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
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 us. 2 E x p l o r i n g A B e t t e r W a y
Slide 4: Capital Markets Overview
CAPITAL MARKETS OVERVIEW CAPITALIZATION (Millions) TSX-V: SEI Common Outstanding 270 $0.30 Warrants Issued @ $0.25 89 $0.25 Warrants (Broker) @ $0.15 3 Options & RSUs 27 $0.20 Fully Diluted 389 $0.15 Cash Position (Q1/23) C$5.2 $0.10 MAJOR SHAREHOLDERS $0.05 Charlestown 13% $0.00 Grisham 2M 12% Insi
Slide 5: Why Invest
WHY INVEST Sintana is the only public vehicle that provides exposure to the heart of the Namibian Orange Basin exploration opportunity on a carried basis. Multiple business catalysts are expected in the near term, each opportunity being a potential “company maker”. Sintana has limited capital
Slide 6: 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. Douglas Manner – Chief Executive Officer Douglas Manner – Director
Slide 7: Portfolio Overview
PORTFOLIO OVERVIEW COLOMBIA Sintana Blocks ReconAfrica Block NAMIBIA 43,000 ACRES prospective for Predominantly carried interests in 4 unconventional development in the offshore and 1 onshore licenses. prolific Middle Magdalena Basin. Recent multi-billion barrel discoveries Colombia’s Energy Departm
Slide 8: Namibian Portfolio
NAMIBIAN PORTFOLIO Sintana Licenses Kudu Gas Field ReconAfrica Sintana has interests in 4 offshore licenses and 1 onshore license. Orange Basin Licenses PEL 90 operated by Chevron. PEL 87 has been optioned by Woodside. PEL 83 is operated by Galp. Walvis Basin License PEL 82 located in the he
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 and Venus-1A Superfan oil discoveries. PEL 83 is adjacent to the recent Graff-1X, La Rona-1X and Jo
Slide 10: Orange Basin Interests | Activity
ORANGE BASIN INTERESTS | ACTIVITY Orange Basin Block PEL 83 PEL 87 PEL 90 Operator Galp Woodside Chevron Interest(1) 4.90% 7.30% 4.90% 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 Discover
Slide 11: High Activity Level | Next 18 Months
HIGH ACTIVITY LEVEL | NEXT 18 MONTHS Timeline Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 INDICATIVE TIMETABLE Galp signs Rig mobilized Galp drilling explorations Future drilling PEL 83 contract for to Namibia well(s) Analyze and report drilling results assessment Hercules rig Woodside Processing and
Slide 12: 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-
Slide 13: Being in the Namibia's Orange Basin, Now
BEING IN THE NAMIBIA’S ORANGE BASIN, NOW Massive Potential + Increasing Activity Source: (1) Africa Oil Corporate Presentation 12 E x p l o r i n g A B e t t e r W a y
Slide 14: 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
Slide 15: 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 16: 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
Slide 17: Addendum
ADDENDUM 16 E x p l o r i n g A B e t t e r W a y
Slide 18: 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
Slide 19: 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 20: Namibia Offshore | Geological Setting
NAMIBIA OFFSHORE | GEOLOGICAL SETTING Source: Pancontinental – Report 03-11-22 19 E x p l o r i n g A B e t t e r W a y
Slide 21: 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 22: 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.
Slide 23: PEL 83 | Prospectivity
PEL 83 | PROSPECTIVITY Galp Energia the operator (80% interest). 3,000 km2 of New 3D seismic was evaluated. 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-Aptian is main source roc
Slide 24: 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 6,593 km2 of 3D seismic estimated to cost US$35 million. The seismic acquisition is completed with fast-track processed results expect
Slide 25: 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 26: 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 27: 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