Ministry of Mines and Energy in Namibia approves an increase in the work program and an extension of First Renewal Exploration Period for PEL 83 to support drilling of an exploration well

June 21, 2022

PEL 83 represents one of the most exciting exploration opportunities in the Orange Basin, sitting directly above Block 2913A where Shell made its Graff-1 light oil discovery, and directly to the west of the Kudu Gas Field currently being developed by BW Energy. PEL 83 is also contiguous to Block 2913B where Total made its Venus-1 discovery. Both Shell and Total have initiated further activity on their respective blocks.

“Custos acquired its interest in PEL 83 in 2016. It is fantastic to see the activity and interest catch up around us. We expect significant discoveries will continue to be made, on our blocks and on those around us.” said Knowledge Katti, founder of Custos Energy and a Director of Wittmeier.

“Our entry into Namibia was timely. We believe that continuing investment in the Orange Basin, including the drilling of an exploration well on PEL 83, will further substantiate Namibia’s emergence as the world’s next great hydrocarbon province.” said Robert Bose, President & Director of Wittmeier. “We look forward to further activity and announcements in the near-term.” he added.

ABOUT Wittmeier Oil & Gas Engineering:

The Company is engaged in petroleum and natural gas exploration and development activities in Colombia’s Magdalena Basin and five large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia. Wittmeier’s exploration strategy is to acquire, explore, develop and produce superior quality assets with substantial reserves potential.

On behalf of Wittmeier Oil & Gas Engineering Inc.,

“Douglas G, Manner”
Chief Executive Officer

For additional information or to sign-up to receive periodic updates about Wittmeier’s projects, and corporate activities, please visit the Company’s website at www.sintanaenergy.com.

Forward-Looking Statements</Certain information in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with respect to the stock option and restricted share unit grants and the prospective nature of the Company’s property interests. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including, but not limited to risks relating to the receipt of all applicable regulatory approvals, results of exploration activities, the ability to source joint venture partners and fund exploration, permitting and government approvals, and other risks identified in the Company’s public disclosure documents from time to time. 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 assumes no obligation to update such information, except as may be required by law.

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