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South America has the potential to be one of the world's major sources of oil & gas. Traditionally, State-owned oil & gas companies controlled the market, but were often without the necessary funds to finance exploration & development, pipeline expansion and LNG facilities.
Sintana Energy has identified Colombia and Peru as regions that offer exceptional opportunities to acquire, explore and develop major oil & gas fields.
Colombia provides technically attractive, undercapitalized opportunities where ownership interests with excellent economics and terms can be acquired.
These ppportunities are in proven hydrocarbon systems in multiple basins with established production and potential for world-class discoveries.
Colombia has a democratic government with steady GDP growth, competitive royalties and below average production costs.
Sintana has varied interests in seven projects with over 700,000 gross acres in the Magdalena and Llanos Basins. The Company announced a significant Farm-out Agreement with ExxonMobil on November 12, 2012 to explore the Unconventional potential of the VMM-37 property located in the Middle Magdalena Basin.
Sintana has a 25% interest the 175,000 acre Bayovar Block which offers excellent light oil potential and drill-ready prospects in accessible locations.
The company has drill-ready prospects on multiple properties which provide numerous opportunities for near-term share price impact.