Sintana Energy Inc. V.SEI

And another amazing info..

[Harel1976]

The 2024 wells to watch includes a well in pel90....
Sei is facing around 10 wells in the next 12-18 months!!!
Sei is carried for the first 5 and fully funded for the rest..

[capconstrained]

SEI is carried on the first 2 wells. Custos share of each additional well will likely be $12mn/well and $6mn net to SEI. SEI currently has cash for 3-4 wells.  I don't think funding the rest will be a problem but  there is risk of SEI will have to do something uneconomical to carry the other wells.

[MartinK]

https://theextractormagazine.com/2024/04/24/namibias-offshore-oil-deposit-could-contain-100-billion-barrels-dr-mello/

[hikari]

I agree 100%. I think only E&P and specialized people understand currently the immense potential of SEI.  As a SEI shareholder you are in a very comfortable situation now FIRST SEI is part of the Mopane discovery which could be the biggest discovery since more than 2 decades. Just this vast, mind blowing discovery justifies a much higher share price for SEI. SEI & Galp delivered a

[Harel1976]

The cost of a pel83 well is 50m$, sei's share is 2.5m$. At deeper water it can rise up to 100m$ per well.  For the next two years sei is funded and thats the golden prize, no dilutions!!! Its as rare as pink dymonds..