Sintana Energy Inc. report that Patriot Energy Oil & Gas Inc., wholly-owned by the Company, has entered into a Farmout Agreement with ExxonMobil Exploration Colombia Limited, a wholly owned subsidiary of Exxon Mobil Corporation for the exploration and development of unconventional oil and gas resources underlying the 43,000 acre VMM-37 Block in Colombia's Middle Magdalena Basin.
Sintana's CEO, Doug Manner, commented, "Both the conventional and unconventional formations on VMM-37 offer tremendous potential for large discoveries with compelling economics. ExxonMobil owns interests in, and is the operator of, a number of very large, highly complex unconventional projects in multiple countries. It is on the leading edge of developing and applying highly technical methods and complex processes to discover, develop and produce unconventional reserves. We are fortunate to have ExxonMobil as our partner and look forward to a long and very successful working relationship."
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Sintana Energy Inc.
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