Sintana Energy Inc. · TSXV:SEI
Sintana Energy — Investor Presentation (May 2024)
24 slides from Sintana Energy's investor presentation, May 2024
Slide 1: Corporate Presentation May 2024
CORPORATE PRESENTATION MAY 2024 Exploring A Better Way SintanaEnergy.com Photo: West Hercules Semi-Submersible Rig 0 © Greg Noel www.gregnoel.com 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 5 offshore licenses and 1 onshore Sintana Licenses Kudu Gas Field license. Orange Basin Licenses PEL 83 - operated by Galp. PEL 87 - optioned by Woodside. PEL 90 - operated by Chevron. PEL 79 - operated by Namcor. Walvis Basin License PEL 82 - op
Slide 7: The Orange Basin Portfolio
THE ORANGE BASIN PORTFOLIO PEL 83 is home to the Mopane discovery estimated to contain 10+ billion BOE, flow tested at max. rate of 14,000 BOPD. PEL 90 is adjacent to the Venus Superfan oil discovery, one of Sub - Sahara Africa’s largest ever oil discoveries. PEL 87 contains “Saturn Superfan”
Slide 8: Orange Basin Interests | Activity
ORANGE BASIN INTERESTS | ACTIVITY Orange Basin Block PEL 83 PEL 87 PEL 90 PEL 79 Operator Galp Pancon/Woodside(1) Chevron Namcor Interest 4.9% (Interoil)(2) 7.3% (Interoil)(2) 4.9% (Interoil)(2) 16.7% (Giraffe) Carry Through Production Until Development Seismic, 1 Well - Licence Area (km2) 9,890 10,
Slide 9: Wells Drilled = Discoveries & 21+ BBOE
15 WELLS DRILLED = 13 DISCOVERIES & 21+ BBOE Discovered OOIP by Field (Est.)(1) Cumulative Annual OOIP (Est.)(1) 2022 2023 2024 20 BILLION BOE 21+ BBOE 10+ Billion BOE 10 BBOE 0 5 10 15 20 0 25 Graff Venus La Rona Jonker Lesedi Mopane 2022 2023 2024 Drilling Activity – 55 Wells Permitted(2) Drilling
Slide 10: PEL 83 | Mopane Light Oil Discovery
PEL 83 | MOPANE LIGHT OIL DISCOVERY Galp announced the Mopane-1X encountered light oil at two levels, AVO-1 and a deeper target at AVO-2. Mopane-2X (offset 8kms) successfully appraised the AVO-1 discovery, drilled a third AVO-3 anomaly and a deeper target. The Hercules rig performed a producti
Slide 11: PEL 90 | Chevron Farm-In
PEL 90 | CHEVRON FARM-IN Chevron Namibia Exploration Limited farmed into an 80% working interest in PEL 90 and assumed operatorship In October 2022. Chevron completed a 6,500 km 2 3D seismic shoot estimated at US$40 million. Partners are carried by Chevron through one exploration well – future
Slide 12: PEL 87 | Saturn Super Fan
PEL 87 | SATURN SUPER FAN In March of 2023 Woodside Energy entered into an option agreement to acquire a 56% Participating Interest in PEL 87. Seismic acquisition of 6,593 km 2 estimated at US$35M was completed in late May of 2023. Upon exercise by Woodside of the farmout option it will carry
Slide 13: PEL 79 | Operated by Namcor
PEL 79 | OPERATED BY NAMCOR NAMCOR is the operator with 67% working interest and Giraffe Energy, has 33% interest – Sintana up to 67% interest in Giraffe. PEL 79 sits directly east of PEL 3 operated by BW Energy, home to the Kudu Gas Field. BW Energy acquired 4,600 km2 of 3D seismic across all
Slide 14: PEL 82 | Our Walvis Basin Project
PEL 82 | OUR WALVIS BASIN PROJECT Chevron Namibia Exploration Limited farmed into 80% working interest in PEL 82 and assumed operatorship In April 2024. NAMCOR and Custos (Sintana 49%) each maintain a carried 10% interest. Surface area covered by 3D data (~7,920 km 2), represents 70% of total
Slide 15: 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 16: 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 DST Test of Mopane-1X, 4,000 km2 of 3D seismic to Rig mobilized Mopane drilling PEL 83 contract for to Namibia and testing (2 wells) analyze and report be acquired, drilling Hercules rig d
Slide 17: 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 18: Namibia Offshore | Geological Setting
NAMIBIA OFFSHORE | GEOLOGICAL SETTING Source: Pancontinental – Report 03-11-22 17 E x p l o r i n g A B e t t e r W a y
Slide 19: PEL 103 | Onshore, Waterberg Basin
PEL 103 | ONSHORE, WATERBERG BASIN 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 s
Slide 20: 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 21: 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 22: Capital Markets Overview
CAPITAL MARKETS OVERVIEW CAPITALIZATION (M) TSX-V: SEI Common Outstanding 372 $1.20 Options 28 $1.00 Market Cap 368 $0.80 Fully Diluted 400 Cash Position (Est.) C$20M $0.60 As of May 17, 2024 $0.40 MAJOR SHAREHOLDERS $0.20 Charlestown 13% $0.00 Grisham 2M 12% Insiders 48% 1M Major Holders 12% Vol Sh
Slide 23: 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 24: 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: sjaustin@sintanaenergy.com E: jonathan.