Drilling Update Sends Dually-Listed E&P Shares Soaring

A dually-listed energy company based out of Toronto captured the attention of the investment community after the company provided an update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions, according to the release.

The update was enough for traders to get extremely excited about the prospects of this exploration campaign as shares of Sintana Energy Inc. (TSXV:SEI) (OTCQB:SEUSF) rallied strongly on Wednesday. Shares trading on the Canadian side ended up closing up at $0.415/share (+31.75%) on the day. 

Sintana Energy Inc is a Canada-based oil and gas exploration company. The company has interests in the Magdalena Basin, Colombia. Its geographical segments are United States, Canada, and Colombia.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

]]>