Hydrocarbon Potential and Unconventional Potential Explorations slide image

Hydrocarbon Potential and Unconventional Potential Explorations

OUR WALVIS BASIN PROJECT | PEL 82 SINTANA ENERGY 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 Murombe-1 and Wingat-1 wells (2013) confirmed regional extension and presence of the Barremian-Aptian oil-prone source rock (Kudu shale). The Murombe-1 penetrated the Baobab sands with porosity of about 20%; the Wingat-1 well recovered non-commercial oil of 38- 41 degree API. Initial exploration period was extended 1 year to allow Exxon Mobil to complete its exploration expenditures. To date approximately $20.7 million has been spent. N SINTANA ENERGY E 3D Survey (HRT 2011) Miles 0 25 50 2012/13-1 Cormorant-1 3D Survey (galp 2018) PEL 82 2013/6-1 Murombe-1 Wingat-1 Oil Recovered to Surface (2014) 3D Survey (galp 2018) Enigma OG Source: Galp Energia - Mar 2022 Presentation Exploring A Better Way™ TM NAMIBIA Pancontinental Eco Atlantic Oil Maurel & Prom Leads → Drilled Wells 19 SEI TSXV
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