Sintana Energy: Uruguay well on track, Argentina block bid advances

Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) president Eytan Uliel joined Proactive's Stephen Gunnion to discuss two significant developments across the company's Latin American portfolio. On Uruguay, Uliel said the exploration timetable for its AREA OFF-1 block has been extended by a year, after Chevron split its 3D seismic programme into two seasons after the government required a fishing-season break between April and October. The first season is complete and being processed, the second kicks off at year-end, with a well decision still expected around September 2027 and drilling targeted for 2028. On Argentina, Uliel revealed that Sintana has spent more than 18 months pursuing a private initiative to secure a licence over the CAN-200 offshore block. A government decree has now opened the block to international tender. Because Sintana initiated the process, it holds a preferred position, giving it the right to match any competing bid. He also flagged strong farm-out momentum at AREA OFF-3, Sintana's 100%-held second Uruguay block, with QatarEnergy and Chevron active on adjacent acreage and a farm-out expected to close by year-end. With Namibia and Angola also in the mix, Uliel described an active six to twelve months ahead. For more interviews and market insights, visit the Proactive YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications so you never miss future updates. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #SintanaEnergy #SEI #offshoreexploration #oilandgas #Uruguay #Argentina #Namibia #Chevron #juniorexploration #resourceinvesting