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Follow on Google News | Sintana Energy Reports On Execution By Exxonmobil Of Drilling Rig ContractBy: Sintana Energy TORONTO, ONTARIO – December 11, 2014 - Sintana Energy Inc. (TSX-V: SNN) (“Sintana” Drilling Operations: This well will be located near the western edge of the VMM-37 Block and will penetrate both conventional and unconventional targets. The block has one potentially large conventional prospect. The conventional Lisama Wedge formation will be evaluated if it appears to be prospective. Mobilization of the rig and the hauling and placement of support equipment and facilities is expected to commence early in the first quarter of 2015. This activity will include the stocking of drill pipe, casing, drilling mud and other materials and supplies. Sintana’s CEO, Doug Manner, commented, “Contracting for a rig was a major milestone in the execution of our drilling plan for the Manati Blanco-1 well. Despite the challenging weather, we’ve made good progress toward commencing drilling operations on this large, highly prospective block.” Resource Potential The conventional and unconventional resource potential on the VMM-37 Block may be significant. A National Instrument 51-101 (“NI 51-101”) resource report commissioned by Sintana and prepared by Petrotech Engineering Ltd. dated November 16, 2012 assigned a P50 best estimate of the unrisked prospective recoverable resource of 261 MMbbl (million barrels), net to Sintana. Additional details of the upcoming VMM-37 drilling program will be announced as they become available. ABOUT SINTANA ENERGY: The Company is engaged in petroleum and natural gas exploration and development activities in Colombia’s Magdalena Basin. The Company’s exploration strategy is to acquire, explore, develop and produce superior quality assets with significant reserve potential. The Company’s private participation interests in Colombia include 100% of the conventional and 30% of the unconventional resource in the 43,158 acre VMM-37 Block and a 15% carried private participation interest in the conventional and unconventional formations of the 154,909 acre VMM-4 Block, both of which are located in the Middle Magdalena Basin. Sintana also has a 30% private participation interest in the 34,194 acre Talora Block and 30% private participation interests in 272,021 acres in the COR-39 & COR-11 Blocks, all three of which are located in the Upper Magdalena Basin. These interests are subject to all applicable regulatory and government approvals, including those of the ANH. On behalf of Sintana Energy "Doug Manner" Chief Executive Officer For additional information or to sign-up to receive periodic updates about Sintana's Colombia projects, and ongoing corporate activities, please visit the Company's website at http://www.sintanaenergy.com Corporate Contact: Sean Austin, Vice President Tel: 713.825.9591 Forward-Looking Statement This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate" End
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