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Sintana Energy recently announced a deal with ExxonMobil for the VMM-37 block (in the Middle Magdalena basin) where by the company would keep any conventional resources found on the property but farm-out the unconventional resources to ExxonMobil Exploration Colombia. ExxonMobil would have a 70% share in return for shouldering the exploration costs. Now Sintana has published estimated reserves and the unconventional play is likely 4 times the conventional play just looking at Sintana’s share. In the block as a whole there are estimated to be 14 times as much unconventional play resources as conventional play. The chart shows the range from the “Low” Case (P90) Case to the “Best” Case (P50).

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