As for timing, "seismic surveying is expected to start this month with fast-track processed results expected in late June of this year."
Sintana Energy says Woodside enters option agreement on PEL 87 in Namibia’s Orange Basin
“The transaction strengthens the positioning of both Custos and Sintana in Namibia. Specifically in an area that has emerged as the exploration hot-spot in recent years, particularly after the recent discoveries by Total Energies and Shell,” Custos chairman and CEO and Sintana director Knowledge Katti said in a statement. “We are excited to make further progress with Woodside on Block 2713. The block has been previously mapped with good quality technical data and the new survey will enable us and our co-venture partners to mature these exciting prospects for drilling,” he added.
"“We are pleased to confirm further progress on attracting capital and world-class partners to our portfolio of assets in the Orange Basin. The success in executing our strategy speaks to the quality of our portfolio and the continuing emergence of the Orange Basin as the world’s next great hydrocarbon province,” Sintana president and director Robert Bose added. “We expect significant additional activity on our blocks and on those around us over the next 12 to 18 months that will further demonstrate the scale, scope and potential of our portfolio.”
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