Sintana Energy flags major resource upgrade at Namibia oil discovery

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, AIM:SEI) has reported a 57% increase in contingent resources at the Mopane oil complex off the coast of Namibia, lifting the explorer's net interest in the project to around 67 million barrels of oil equivalent. The upgrade follows new drilling and appraisal work by Galp Energia, the operator of the PEL 83 licence, which raised the gross 3C contingent resource from 875 million barrels to 1.38 billion barrels.