Sintana Energy Inc. SEUSF

Bloomberg article...

[Ebenizer3]

unfortunately it's paywalled. Maybe some has a subscription. 

Exxon, Shell Are Said to Weigh Bids for Galp Namibia Stake

Total, Equinor are also eyeing 40% stake in Mopane oil field

Whole asset could be worth $20 billion based on oil estimates

 

 

By Dinesh Nair and Kevin Crowley

May 21, 2024 at 6:36 AM CDT

Updated on May 21, 2024 at 6:45 AM CDT

 

Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.

 

TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp is seeking to sell in the Mopane discovery, said the people, asking not to be identified as the matter is private.

[thorgb1]

Company News   News Wire 13m ago   Exxon, Shell Said to Mull Bids for Stake in Galp’s Namibia Field Dinesh Nair and Kevin Crowley, Bloomberg News     (Bloomberg) -- Exxon Mobil Corp. and Shell Plc are among energy giants

[capconstrained]

Looks like my USD$1.50 valuation for PEL83 might be too conservative

[MartinK]

https://twitter.com/business/status/1792887672291066280?s=19

[hikari]

Mopane is just the gourmet appetizer. Wait till Chevron will drill end of this year in our second block. The Namibians gave us already some hints about this promising Chevron main menu and grand finale when Woodside/Pancontinental drill the giant Saturn turbidite.

[hikari]

The 20 billion $ number is becoming a real, palpable value, probably soon approved by one of the major companies, when they transfer the $$$ to Galp for the 40% share of Mopane. Sintana is not anymore a narrow-chested chipper with a visionary exploration strategy. The visionary exploration strategy became reality and real dollars will be paid for Mopane. Sintana is completely derisked with the

[farrell90]

5% of 20 billion is still 1 billion. While that dollar amount will not be transferred to SEUSF balance sheet the value in stock appreciation is sure to follow. Sintanas purchase of its Nambibian holdings may turn out to be the deal of the century. Nice close at end to overcome profit taking. GLTA Farrell

[farml1234]

way to early to sell jmho