Sintana Energy Inc. is pleased to announce that Patriot Energy Sucursal Colombia ("Patriot"), wholly owned by the Company, has received notice that ExxonMobil Exploration Colombia Limited ("ExxonMobil") has commenced drilling operations for the Manati Blanco-1 well, which is located on the western edge of the 43,158 acres Block VMM-37 in Colombia's Middle Magdalena Basin.
Drilling Operations - Manati Blanco-1:
The Manati Blanco-1 drilling program calls for a vertical well, drilled with Parker Rig 271, which is projected to contact the top of the Lower Tertiary Wedge conventional sandstone formation (Patriot - 100%) at approximately 8,000-9,000 feet. After exiting the Tertiary interval, electric and formation test logs may be run. The well will then continue through multiple unconventional formations (Patriot - 30%), and is projected to reach its target depth of 16,000 feet in 3rd quarter 2015.
Sintana's CEO, Doug Manner, commented, "The commencement of drilling operations at VMM-37 is a major milestone for the Company and its shareholders. The potential presence of volumes of movable oil in one or more of the Manati Blanco-1 target formations would substantially increase the value creation potential of our exploration program."
