TORONTO, ONTARIO – November 26, 2021 – Wittmeier Oil & Gas Engineering Inc. (TSX-V: SEI) (“Sintana” or the “Company”) reports results for its Third Quarter of fiscal 2021, ended September 30, 2021 (“three and nine months”).

The Quarterly Reports can be viewed and downloaded by clicking the links below:

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in petroleum and natural gas exploration and development activities in the Magdalena Basin, Colombia. 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, held by Patriot Energy Sucursal Colombia (“Patriot”), wholly owned by Sintana include 100% of the conventional and 30% of the unconventional resource in the 43,158 acre VMM-37 Block which is located in the Middle Magdalena Basin. These interests are subject to all applicable regulatory and government approvals, including those of Colombia’s National Hydrocarbon Agency (the ANH).

For additional information or to sign-up to receive periodic updates about Sintana’s Colombia projects, and ongoing corporate activities click here

Corporate Contact:

Corporate Contact:
Sean J. Austin
Vice President
Tel: 713.825.9591

The post Wittmeier Oil & Gas Engineering Inc. Reports Third Quarter 2021 Results appeared first on Wittmeier Oil & Gas Engineering.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) – Wittmeier Oil & Gas Engineering Inc. (TSXV: SEI) (the “Company” or “Sintana“) is pleased to provide a further update with respect to its previously announced proposed acquisition (the “Acquisition“) of a 49% interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. (“Inter Oil“) from Grisham Assets Corp. (“Grisham“), all pursuant to a definitive agreement dated September 13, 2021 between the Company, Grisham, Inter Oil and Custos Energy (Pty) Ltd. (a subsidiary of Inter Oil) (the “Definitive Agreement“).

As previously announced, Inter Oil indirectly holds a strategic portfolio of offshore petroleum exploration license interests and the completion of the Acquisition was contingent upon the grant of a 90% interest in onshore Block 1918B to an indirect subsidiary of Inter Oil, of which the Company will acquire an indirect 30% interest (the “Onshore License“). Sintana is pleased to announce that the Onshore License has now been granted by the applicable Namibian authorities, thereby satisfying one of the most material conditions to the completion of the Acquisition.

In addition, the Company is pleased to announce that it received the requisite shareholder approval for Charlestown Energy Partners, LLC and its associates to become “control persons” of Sintana, as defined in the regulations of the TSX Venture Exchange (the “TSXV“), at its recent annual and special shareholders meeting. As previously reported, Charlestown has commented to subscribe for an aggregate of 33,600,000 Common Shares at a price of Cdn$0.15 per share to raise aggregate gross proceeds of Cdn$5,040,000 (the “Private Placement“), which funds will be utilized in part to fund the aggregate consideration for the Acquisition. It is anticipated that Charlestown and its associates will become “control persons” of Sintana immediately following the completion of the Private Placement and Acquisition.

The completion of the Acquisition and Private Placement remain subject to various additional conditions including final approval of the TSXV with respect to each of the Acquisition and Private Placement, the delivery and execution of satisfactory title opinions and a shareholders agreement acceptable to Sintana, and the completion of joint operating agreements and petroleum agreements with third parties governing certain of the assets currently held by Inter Oil. Accordingly, there can be no assurance that the Acquisition or Private Placement will be completed upon the terms currently proposed or at all. For further details, please refer to the press releases of Sintana dated September 15 and November 15, 2021, available on SEDAR at www.sedar.com.

About Sintana

The Company is currently engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin. Sintana’s business strategy is to acquire, explore, develop and produce superior quality assets with significant reserves potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information regarding Sintana and ongoing corporate activities, please visit the Company’s website at www.sintanaenergy.com

Corporate Contact:

Forward-Looking Statement

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements – Certain information set fforth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition and/or Private Placement, the prospective nature of the PELs and other interests to be acquired pursuant to the Acquisition and/or any neighbouring properties, the risk that the prospective nature of any neighbouring properties does not necessarily entail similar results with respect to any of the PELs or other interests to be acquired pursuant to the Acquisition, currency risk, political and security risks relating to operations in Namibia, availability of capital, permitting and land title issues, the risks inherent in oil and gas exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time.. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward looking statements contained herein other than as required under applicable securities laws.

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TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) – Wittmeier Oil & Gas Engineering Inc. (TSXV: SEI) (the “Company” or “Sintana“) is pleased to provide a further update with respect to its previously announced proposed acquisition (the “Acquisition“) of a 49% interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. (“Inter Oil“) from Grisham Assets Corp. (“Grisham“), all pursuant to a definitive agreement dated September 13, 2021 between the Company, Grisham, Inter Oil and Custos Energy (Pty) Ltd. (a subsidiary of Inter Oil) (the “Definitive Agreement“).

Inter Oil is a private Namibian company which indirectly holds a strategic portfolio of offshore petroleum exploration license interests (“PELs“) including (i) a 15% limited carried interest in PEL 87 comprised of approximately 10,970 km²; (ii) a 10% limited carried interest in PEL 82 comprised of approximately 11,444 km²; (iii) a 10% limited carried interest in PEL 83 comprised of approximately 9,954 km²; and (iv) a 20% limited carried interest in PEL 90 comprised of approximately 5,433 km². In addition, the completion of the Acquisition is contingent upon the grant of a 90% interest in onshore Block 1918B to an indirect subsidiary of Inter Oil, of which the Company will acquire an indirect 30% interest. Inter Oil carries on no active business and will not have any material operations or assets at closing other than its interests in the PELs and Block 1918B. The Company will not be obligated to incur any funding obligations or commit any material management or other resources in respect of any of the foregoing property interests over the ensuing 12 month period and accordingly, the Acquisition is not anticipated to have any material impact on the Company’s operations, financial commitments or management time.

As previously announced, three of the four offshore PELs to be acquired are located directly outboard of (i) the Kudu Gas Field, which was the first offshore discovery in Namibia; (ii) Venus-1, a highly anticipated exploration well immediately south of PEL 90, which is proposed to be drilled by French supermajor TotalEnergies in the fourth quarter of 2021, and (iii) Graff-1, a highly anticipated exploration well immediately south of PEL 83, which is to be drilled by Shell.  In addition, Block 1918B is located in close proximity to the prospective block currently being evaluated by Reconnaissance Energy Africa Ltd. There are no known petroleum or natural gas resources or reserves on the PELs or Block 1918B, and accordingly the Acquisition will have no near term impact upon the oil and gas resources or reserves of the Company.

Consideration

The consideration for the Acquisition consists of a cash payment of US$4,000,000 (the “Cash Payment“) and the issuance of an aggregate of 34,933,333 common shares of the Company (“Common Shares“). The Company has the option to fund the Cash Payment either in a single payment at closing or in two tranches, of which the first in the amount of US$3,000,000 shall be payable upon closing and the second in the amount of US$1,000,000 shall be payable within 90 days of closing. The Company proposes to fund the Cash Payment through the private placement of 33,600,000 Common Shares at a price of Cdn$0.15 per share to raise aggregate gross proceeds of Cdn$5,040,000 (the “Private Placement“). Charlestown Energy Partners, LLC (“Charlestown“) has committed to subscribe for the common shares to be offered pursuant to the Private Placement, conditional upon the concurrent completion of the Acquisition and other standard closing conditions.

New Control Person

It is anticipated that Charlestown will become a “control person” of Sintana pursuant to the Private Placement, which is defined in the TSX Venture Exchange (“TSXV“) Company Manual as including any person that holds a sufficient number of securities of Sintana so as to affect materially the control of the Company or that holds more than 20% of the outstanding voting shares of Sintana, subject to certain limited exceptions. It is currently anticipated that in the event that the Private Placement and Acquisition are each completed as currently proposed, that Charlestown and its associates would hold an aggregate of 46,086,307 Common Shares immediately following the completion of the Private Placement and Acquisition, representing approximately 22.6% of all issued and outstanding Common Shares as of such date (or 47,086,307 Common Shares representing approximately 23% of all issued and outstanding Common Shares as at such date on a partially diluted basis, assuming conversion of all convertible securities currently held by Charlestown and its associates only). Accordingly, the Company proposes to seek shareholder approval of Charlestown and its associates as new “control persons” of Sintana at its upcoming annual and special shareholders meeting scheduled to be held on November 19, 2021 (the “AGM“). In the event that such shareholder approval is received, a material percentage of the outstanding Common Shares will be held by Charlestown and its associates upon completion of the Private Placement. Furthermore, Charlestown and/or its associates could opt to increase their equity ownership interest in the Company in the future without seeking further shareholder approvals. As a result of such shareholdings, Charlestown and its associates will have a material impact on the Company. There are no guarantees that the position of these shareholders will always coincide with the opinion and interests of management or minority shareholders of the Corporation from time to time.

For further details regarding the AGM and the matters to be considered thereat, please refer to the management information circular of Sintana dated October 13, 2021 available on SEDAR at www.sedar.com.

Other Terms and Conditions

The Definitive Agreement sets forth various conditions to be satisfied prior to the completion of the Acquisition and Private Placement, including without limitation: (i) shareholder approval of Charlestown and its associates becoming new “control persons” of the Company in accordance with the polices of the TSXV; (ii) final approval of the TSXV with respect to each of the Acquisition and Private Placement; (iii) the grant by the applicable Namibian regulators of Block 1918B upon terms satisfactory to Sintana; (iv) the delivery of satisfactory title opinions and related local diligence investigations; (v) the execution of a shareholders agreement acceptable to Sintana (the “Shareholders Agreement“); (vi) the receipt of all applicable anti-trust approvals and approvals under the Namibian New Equitable Economic Empowerment Bill from the relevant Namibian governmental authorities; and (vii) the completion of joint operating agreements and petroleum agreements with third parties governing certain of the assets currently held by Inter Oil. As many of these conditions relate to third party or regulatory matters that are outside of the control of the Company, there can be no certainty that the Acquisition or Private Placement will be completed as presently proposed or at all.

The Shareholders Agreement expected to be entered into upon closing of the Acquisition will provide the Company with minority shareholder rights to approve certain fundamental transactions involving Inter Oil, and govern other administrative matters such as board composition, restrictions on share transfers and shareholder meeting matters. There are no obligatory funding obligations imposed on any party pursuant to the Shareholders Agreement.

Emerging Jurisdiction Considerations

The interests of Inter Oil in Namibia are subject to risks associated with operations in foreign countries, including political and economic considerations such as civil and tribal unrest, war, terrorist actions, criminal activity, nationalization, invalidation of governmental orders, failure to enforce existing laws, labour disputes, corruption, sovereign risk, political instability, the failure of foreign parties, courts or governments to honour or enforce contractual relations or uphold property rights, changing government regulations with respect to natural resources (including royalties, environmental requirements, labour, taxation, land tenure, foreign investments, income repatriation and capital recovery), fluctuations in currency exchange and inflation rates, import and export restrictions, challenges to title to properties or oil and gas rights, problems or delays renewing licenses and permits, opposition to exploration and development from local, environmental or other non-governmental organizations, increased financing costs, instability due to economic under-development, inadequate infrastructure, and the expropriation of property interests, as well as by laws and policies of Canada affecting foreign trade, investment and taxation. As African governments continue to struggle with deficits and depressed economies, the strength of commodity prices has resulted in the natural resource sector being targeted as a source of revenue. Governments are continually assessing the terms for companies to exploit resources in their countries, which may result in amendments to applicable laws and regulations regarding oil and gas interests from time to time. In addition, the enforcement by Inter Oil of its legal rights to exploit its properties or to utilize its permits and licenses may not be recognized by the court systems in Namibia. Namibia’s status as a developing country may also make it more difficult for Inter Oil to obtain required financing for its projects. Furthermore, it may be difficult for the operators of Inter Oil’s property interests to find or hire qualified people in the oil and gas industry who are situated in Namibia, or to obtain all of the necessary services or expertise in Namibia, or to conduct operations on its projects at reasonable rates.

As a result of the foregoing, Inter Oil could face risks such as: (i) effective legal redress in the courts of Namibia being more difficult to obtain, whether in respect of a breach of law or regulation, or in a contract or an ownership dispute, (ii) a higher degree of discretion on the part of governmental authorities and therefore less certainty, (iii) the lack of judicial or administrative guidance on interpreting applicable rules and regulations, (iv) inconsistencies or conflicts between and within various laws, regulations, decrees, orders and resolutions, or (v) relative inexperience of the judiciary and courts in such matters. Thus, there can be no assurance that contracts, joint ventures, licenses, license applications or other legal arrangements will not be adversely affected by the actions of applicable government authorities and the effectiveness of and enforcement of such arrangements in Namibia. Any of the above events could delay or prevent Inter Oil from exploring or developing its properties even if economic quantities of oil and/or gas are found, and could have a material adverse impact upon the Company’s foreign operations.

About Sintana

The Company is currently engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin. Sintana’s business strategy is to acquire, explore, develop and produce superior quality assets with significant reserves potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information regarding Sintana and ongoing corporate activities, please visit the Company’s website at www.sintanaenergy.com

Corporate Contact:

Forward-Looking Statement

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements – Certain information set fforth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition and/or Private Placement, the prospective nature of the PELs and other interests to be acquired pursuant to the Acquisition and/or any neighbouring properties, the risk that the prospective nature of any neighbouring properties does not necessarily entail similar results with respect to any of the PELs or other interests to be acquired pursuant to the Acquisition, currency risk, political and security risks relating to operations in Namibia, availability of capital, permitting and land title issues, the risks inherent in oil and gas exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time.. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward looking statements contained herein other than as required under applicable securities laws.

The post Sintana Provides Update Regarding Annual and Special Meeting and Proposed Acquisition of Strategic Portfolio of Petroleum Exploration License Interests in Namibia appeared first on Wittmeier Oil & Gas Engineering.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO, Oct. 27, 2021 (GLOBE NEWSWIRE) — Wittmeier Oil & Gas Engineering Inc. (TSXV: SEI) (the “Company” or “Sintana“) is pleased to announce the appointment of Mr. Robert Bose as President of the Company. Mr. Bose currently serves as a director of the Company and is a Principal of Charlestown Capital Partners (“Charlestown“) where he manages Charlestown Energy Partners, a private investment vehicle focused on investments in energy and commodities globally.

Prior to Charlestown, Mr. Bose spent 17 years in the Global Investment Banking Group at the Bank of Nova Scotia most recently as Managing Director and Head of the Power & Utilities Group. There, he was specifically focused on providing M&A and capital markets coverage to financial sponsors with interest in the energy and power sectors. Mr. Bose has an Honors Degree in Economics from Queen’s University in Kingston, Ontario and a CFA Charterholder.

Mr. Bose is replacing Mr. David Cherry as President of the Company. Mr. Cherry will continue to act as Chief Operating Officer of the Company.

As previously announced, the Company has entered into a definitive agreement providing for the acquisition (the “Acquisition“) of a 49% interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. in consideration of a cash payment of US$4,000,000 (the “Cash Payment“) and the issuance of an aggregate of 34,933,333 common shares of the Company. The Cash Payment is proposed to be funded through the private placement of 33,600,000 common shares at a price of Cdn$0.15 per share (the “Private Placement“), in connection with which Charlestown has agreed to subscribe for the full placement either directly or through its nominees, conditional upon the concurrent completion of the Acquisition and other standard closing conditions.

“I am excited to join the Sintana management team as we move to complete our recently announced acquisition. Charlestown Energy Partners has been an active investor in global exploration opportunities and we believe the large potential resources and upcoming catalysts in Namibia and Colombia position Sintana for significant growth and value creation in the near-term.” said Mr. Bose. “We are looking forward to having Rob join the management team as part of Charlestown’s continuing support for Sintana.” added Keith Spickelmier, Executive Chairman of the Board.

The Acquisition and Private Placement remain subject to the satisfaction of various closing conditions and the receipt of all applicable approvals, including, without limitation, the approval of the TSX Venture Exchange (“TSXV“). The Private Placement will also be subject to approval by Sintana shareholders given that Charlestown will become a “control person” of the Company within the meaning of the TSXV Company Manual as a result of its participation in the Private Placement. The Company is seeking such shareholder approval at its annual and special shareholders meeting scheduled to be held on November 19, 2021.

About Sintana

The Company is currently engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin. Sintana’s business strategy is to acquire, explore, develop and produce superior quality assets with significant reserves potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information regarding Sintana and ongoing corporate activities, please visit the Company’s website at www.sintanaenergy.com

Corporate Contact:

Forward-Looking Statement

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements ? Certain information set forth in this nnews release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition and/or Private Placement, currency risk, political and security risks relating to operations in Namibia, availability of capital, permitting and land title issues, the risks inherent in oil and gas exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time.. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward-looking statements contained herein other than as required under applicable securities laws.

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) — Wittmeier Oil & Gas Engineering Inc. (TSXV: SEI) (the “Company” or “Sintana”) is pleased to announce that it has entered into a definitive agreement dated effective September 13, 2021 with Grisham Assets Corp. (“Grisham”), a private company owned by Knowledge Katti, providing for the acquisition (the “Acquisition”) by the Company of a 49% interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. (“Inter Oil”). Inter Oil is a private Namibian company which indirectly holds a strategic portfolio of offshore petroleum exploration license interests (“PELs”) including (i) a 15% carried interest in PEL 87; (ii) a 10% carried interest in each of PELs 82 and 83; and (iii) a 20% carried interest in PEL 90. In addition, the completion of the Acquisition is contingent upon the grant of a 90% interest in onshore Block 1918B to an indirect subsidiary of Inter Oil, of which the Company will acquire an indirect 30% interest.

Three of the four offshore PELs to be acquired are located directly outboard of (i) the Kudu Gas Field, which was the first offshore discovery in Namibia; (ii) Venus-1, a highly anticipated exploration well immediately south of PEL 90, which is proposed to be drilled by French supermajor Total in the fourth quarter of 2021, and (iii) Graff-1, a highly anticipated exploration well immediately south of PEL 83, which is to be drilled by Shell. In addition, Block 1918B is located in close proximity to the prospective block currently being evaluated by Reconnaissance Energy Africa Ltd.

The consideration for the Acquisition consists of a cash payment of US$4,000,000 (the “Cash Payment”) and the issuance of an aggregate of 34,933,333 common shares of the Company. The Company has the option to fund the Cash Payment either in a single payment at closing or in two tranches, of which the first in the amount of US$3,000,000 shall be payable upon closing and the second in the amount of US$1,000,000 shall be payable within 90 days of closing. The Company proposes to fund the Cash Payment through the private placement of 33,600,000 common shares at a price of Cdn$0.15 per share to raise aggregate gross proceeds of Cdn$5,040,000 (the “Private Placement”). Charlestown Energy Partners, LLC (“Charlestown”) has committed to subscribe for the common shares to be offered pursuant to the Private Placement, conditional upon the concurrent completion of the Acquisition and other standard closing conditions.

“This transaction not only diversifies Sintana’s portfolio, but provides us with exposure to one of the most prospective and active geographies with both onshore and offshore crude oil and natural gas exploration opportunities. We believe this transaction presents the Company with multiple opportunities to generate significant additional shareholder value ? in both Colombia and Namibia,” said Doug Manner, Chief Executive Officer of the Company.

“This is a great opportunity for public investors to gain exposure to the exciting onshore and offshore developments in Namibia and I am looking forward to growing my partnership with Sintana further,” added Knowledge Katti.

The Acquisition and Private Placement remain subject to the satisfaction of various closing conditions and the receipt of all applicable approvals, including, without limitation, the approval of the TSXV. It is anticipated that the Private Placement will also be subject to approval by Sintana shareholders given that Charlestown will become a “control person” of the Company within the meaning of the TSXV Company Manual as a result of its participation in the Private Placement. Further details regarding a shareholders meeting for approval of the Acquisition and other corporate matters will be announced by the Company in due course.

About Sintana

The Company is currently engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin. Sintana’s business strategy is to acquire, explore, develop and produce superior quality assets with significant reserves potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information regarding Sintana and ongoing corporate activities, please visit the Company’s website at www.sintanaenergy.com

Corporate Contact:

Forward-Looking Statement

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition and/or Private Placement, the prospective nature of the PELs and other interests to be acquired pursuant to the Acquisition and/or any neighbouring properties, the risk that the prospective nature of any neighbouring properties does not necessarily entail similar results with respect to any of the PELs or other interests to be acquired pursuant to the Acquisition, currency risk, political and security risks relating to operations in Namibia, availability of capital, permitting and land title issues, the risks inherent in oil and gas exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time.. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward looking statements contained herein other than as required under applicable securities laws.

The post Sintana Announces Execution of Definitive Agreement to Acquire Strategic Portfolio of Petroleum Exploration License Interests in Namibia appeared first on Wittmeier Oil & Gas Engineering.

TORONTO, ONTARIO – August 28, 2021 – Wittmeier Oil & Gas Engineering Inc. (TSX-V: SEI) (“Sintana” or the “Company”) reports results for its Second Quarter of fiscal 2021, ended June 30, 2021 (“three and six months”).

The Quarterly Reports can be viewed and downloaded by clicking the links below:

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in petroleum and natural gas exploration and development activities in the Magdalena Basin, Colombia. 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, held by Patriot Energy Sucursal Colombia (“Patriot”), wholly owned by Sintana include 100% of the conventional and 30% of the unconventional resource in the 43,158 acre VMM-37 Block which is located in the Middle Magdalena Basin. These interests are subject to all applicable regulatory and government approvals, including those of Colombia’s National Hydrocarbon Agency (the ANH).

For additional information or to sign-up to receive periodic updates about Sintana’s Colombia projects, and ongoing corporate activities click here

Corporate Contact:

Corporate Contact:
Sean J. Austin
Vice President
Tel: 713.825.9591

The post Wittmeier Oil & Gas Engineering Inc. Reports Second Quarter 2021 Results appeared first on Wittmeier Oil & Gas Engineering.

TORONTO, ONTARIO – May 28, 2021 – Wittmeier Oil & Gas Engineering Inc. (TSX-V: SEI) (“Sintana” or the “Company”) reports results for its First Quarter of fiscal 2021, ended March 31, 2021 (“three months”).

The Quarterly Reports can be viewed and downloaded by clicking the links below:

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in petroleum and natural gas exploration and development activities in the Magdalena Basin, Colombia. 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, held by Patriot Energy Sucursal Colombia (“Patriot”), wholly owned by Sintana include 100% of the conventional and 30% of the unconventional resource in the 43,158 acre VMM-37 Block which is located in the Middle Magdalena Basin. These interests are subject to all applicable regulatory and government approvals, including those of Colombia’s National Hydrocarbon Agency (the ANH).

For additional information or to sign-up to receive periodic updates about Sintana’s Colombia projects, and ongoing corporate activities click here

Corporate Contact:

Corporate Contact:
Sean J. Austin
Vice President
Tel: 713.825.9591

The post Wittmeier Oil & Gas Engineering Inc. Reports First Quarter 2021 Results appeared first on Wittmeier Oil & Gas Engineering.

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Wittmeier Oil & Gas Engineering Inc. (TSX-V: SEI) (“Sintana” or the “Company”) is pleased to comment on the ExxonMobil Exploration Colombia Limited (“ExxonMobil”) bid for a Comprehensive Research Pilot Project (“CEPI”) in the unconventional formations of Block VMM-37 (“Project Platero”) and its acceptance and award by Colombia’s National Hydrocarbons Agency (the “ANH”). Block VMM-37 is located in Colombia’s prolific Middle Magdalena Basin. Sintana, via wholly owned Patriot Energy Sucursal Colombia (“Patriot”), holds an undivided 30% non-operated participation interest in a Contract for Exploration and Production for Block VMM-37. ExxonMobil holds the remaining 70% participation interest in the Block VMM-37 Contract and is the designated Operator.

Sintana is encouraged by the ANH’s acceptance of ExxonMobil’s bid for Project Platero and its award of a CEPI contract. The Company’s support for Project Platero is made even though the Government’s process excluded an important segment of the petroleum industry by not allowing smaller companies, such as companies the size of Sintana, to participate in CEPI bids. This encouragement centers on the belief that the CEPI will provide an efficient procedure for the testing and production of source rock hydrocarbons.

In 2015, Sintana and ExxonMobil, with the approval of the ANH, drilled the A3 Manati Blanco well into the source rock of Block VMM-37. The A3 Manati Blanco well was never tested but instead suspended for a number of years while waiting for approval of an environmental permit. The CEPI process should now provide an effective path forward for the testing and production of source rock hydrocarbons in future operations.

In 2011, Sintana, via Patriot, entered into the Exploration and Production Contract for Block VMM-37 with the ANH. The Exploration and Production Contract for Block VMM-37 is in good standing. Since 2012, the Company has been in a commercial relationship with ExxonMobil to explore for, develop and produce the unconventional hydrocarbons of the VMM-37 Block. Sintana understands that the ExxonMobil Project Platero work program is consistent with both the commercial agreements the Company has with ExxonMobil and the work obligations of the Contract for Exploration and Production for Block VMM-37 with the ANH.

Regarding Project Platero, Sintana has been and continues to be in positive communications with both ExxonMobil and the ANH to ensure that the integrity of both the Company’s commercial arrangements with ExxonMobil and the Contract for VMM-37 with the ANH are honored.

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin. Sintana’s exploration strategy is to acquire, explore, develop and produce superior quality assets with significant reserve potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information regarding Sintana’s VMM-37 project, and ongoing corporate activities, please visit the Company’s website at www.sintanaenergy.com

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”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of Sintana which have been used to develop such statements and/or information but which may prove to be incorrect. Although Sintana believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as Sintana can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: that Project Platero will proceed as currently anticipated and will have a positive impact on the development at Block VMM-37, that Sintana will continue to conduct its operations in a manner consistent with past operations; results from drilling activities; the accuracy of the estimates of resource volumes and interpretations of drilling activity results; availability of financing and/or cash flow to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which Sintana has participation interests; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals, including environmental approvals; the ability of Sintana to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which Sintana has participation interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which Sintana has participation interests; and the ability of Sintana to successfully market its oil and/or natural gas products. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: the risk that Project Platero may not proceed as currently proposed or at all; risks associated with the uncertainty of exploration results and estimates, inaccurate estimation of Sintana’s oil and/or natural gas resource volumes, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, including environmental approvals, the availability of labour and/or equipment, the fluctuating prices of oil and/or natural gas, the availability of financing and the Company’s dependence on Sintana’s management personnel, other participants in the property areas and/or certain other risks detailed from time-to-time in Sintana’s public disclosure documents, (including, without limitation, those risks identified in this news release and Sintana’s current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and/or accuracy of this release.

The post Wittmeier Oil & Gas Engineering Issues Update on the VMM-37 Block Comprehensive Research Pilot Project in Colombia appeared first on Wittmeier Oil & Gas Engineering.

TORONTO, ONTARIO – February 26, 2021 – Wittmeier Oil & Gas Engineering Inc. (TSX-V: SEI) (“Sintana” or the “Company”) reports Annual Results for its fiscal year ended December 31, 2020.

The 2020 Annual Report PDF can be viewed and downloaded by clicking here.

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in petroleum and natural gas exploration and development activities in the Magdalena Basin, Colombia. 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, held by Patriot Energy Sucursal Colombia (“Patriot”), wholly owned by Sintana include 100% of the conventional and 30% of the unconventional resource in the 43,158 acre VMM-37 Block which is located in the Middle Magdalena Basin. These interests are subject to all applicable regulatory and government approvals, including those of Colombia’s National Hydrocarbon Agency (the ANH).

For additional information or to sign-up to receive periodic updates about Sintana’s Colombia projects, and ongoing corporate activities
click here

Corporate Contact:
Sean J. Austin
Vice President
Tel: 713.825.9591

The post Wittmeier Oil & Gas Engineering Inc. Reports Annual Results for Fiscal Year 2020 appeared first on Wittmeier Oil & Gas Engineering.