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Sintana Energy Inc. SEUSF


Primary Symbol: V.SEI

Sintana Energy Inc. is a crude oil and natural gas (hydrocarbons) exploration and development company. The Company is engaged in petroleum and natural gas exploration and development activities on five highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and in Colombia’s Magdalena Basin. The Company holds an indirect interest in the petroleum exploration license (PEL) 79 (Blocks 2815/2915) which is located in the northern Orange sub-basin off the south-west coast of Namibia. It also holds a portfolio of offshore petroleum exploration licenses (each a PEL), including a 15% limited carried interest in PEL 87; 10% limited carried interests in each of PELs 82 and 83, and a 10% limited carried interest in PEL 90. The Company also holds private participation interests of 25% unconventional (carried) and 100% conventional in the potential hydrocarbon resources of the 43,158 acres Valle Medio Magdalena 37 (VMM-37) Block in Colombia.


TSXV:SEI - Post by User

Comment by hikarion May 23, 2024 5:39pm
189 Views
Post# 36054810

RE:RE:How does Sintana hold its interest in pel 93, pel 87, pel 90

RE:RE:How does Sintana hold its interest in pel 93, pel 87, pel 90IMO there is another strategic concideration. The majors and supermajors could be very interested to buy Sintana completely, although Sintan got only a minor percentage as share in their off shore blocks.

But when a major buys Sintana now, the major will get easier access to all data, infos of all the Sintana offshore blocks. This data advantage can help the major to select which block is worth for overtaking  and  to become an operator there. With Sintana the overtaking major would get a foot in the door for every single offshore block Sintana owns already.
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