General Thoughts, page-1536

Up to 10 billion barrels? Not bad for a neighbouring block...

"According to Sintana Energy, Galp's initial drilling campaign is targeting "the massive" Mopane complex located at the southern end of PEL 83.

"With JV-estimated mean oil-in-place of up to 10 billion barrels, Mopane represents one of the most significant and attractive known opportunities in the basin today,” said Knowledge Katti, Chairman and Chief Executive Officer of Custos Energy, and a director of Sintana.

"The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.

“PEL 83, together with Sintana’s indirect interests in PEL 90 operated by Chevron and PEL 87 where we are partnered with Woodside, give us an unmatched position in the heart of Namibia’s Orange Basin,” said Robert Bose, President & Director of Sintana."