• Sintana is entering a highly active and potentially transformational two‑year period, with up to 10 high‑impact E&A wells expected across the portfolio. Our unrisked value for these wells is NAV is ~£4.90/sh.
• The company already holds 67 mmboe of 3C contingent resources in Namibia, implying an EV/boe of ~US$3.8 to the discovered volumes. The upcoming drilling campaign targets a further ~1.25 bnboe of prospective resources net to Sintana. Most wells will be operated by Super Majors, leaving m ....
