Sintana Energy Inc V.SEI

Alternate Symbol(s): SEUSF

Energy Oil & Gas E&P

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

Sintana Energy Inc > 10 billion

<< Previous

Bullboard Posts

Next >>

Comment by swedeoilon Apr 30, 2024 4:00pm

257 Views

Post# 36015736

RE:10 billion

It is 10 billion barrels of oil in place, NOT recoverable, they currently estimate 30% recovery, so SEI is 5% of 3 billion barrels at this time. which is around 150 million barrels recoverable to SEI.

That said, with further appraisal drilling it could prove much larger than current estimates, AND it is likely thar recoverables will prove to be nearer 50% with modern extraction applications.

<< Previous

Bullboard Posts

Next >>

First Helium advances winter drilling program with Leduc Anomaly test well