Sintana Energy Inc. SEUSF

Bidding war for part of GALP interest in PEL 83

[lamboperthv10]

Interesting.

https://www.namibian.com.na/energy-giants-eye-stake-in-galps-namibian-oilfield/

[MrMoMnyMgr1995]

Perhaps only 40% of Mopane, not 83 in its entirety...

[lamboperthv10]

Hi Mr Mo, Agreed. Galp looking at selling a 40% interest in Mopane only from what I have read.  As other posters have advised, the succesful sale of 40% of Mopane to one of the "interested" majors,will provide a value for the Custos 10% interest in the current Mopane mean estimate of 10 billion boe in place. I would also expect added value for the 10% carry for Custos through the

[MrMoMnyMgr1995]

Galp's way or the highway... Should make sure the program has no delays and stays on track.  Financing wanted, not main operator.