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Sintana Energy Inc V.SEI

Alternate Symbol(s):  SEUSF

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

Post by liquorwolfon Jun 09, 2024 6:40am
240 Views
Post# 36079735

What to expect in terms of the 40% Galp is vendoring

What to expect in terms of the 40% Galp is vendoringGalp is expected to sell 40% or 50% of their 80% of PEL 83. The impact ( no pum intended ) will have a direct effect on Custos' value, hence SEI. If the purchase price is between $1.50 and $2 a barrel for the estimated 10 billion barrel Mopane discovery or $15 to $20 billion, then we can assess a value for Sintana;s 5% plus or minus share. With 400mm shares o/s, the share price would expect to see $2.19 a share. However, after those who are in the war room, perhaps they will go for $3 a barrel, we won't know exactly what the final outcome will be. Additionally,  I am only factoring in thre Mopane discovery, not valuing the full PEL, but most likely that has a 50% chance of being included. And then again, perhaps one of the majors will buy out PEL 83, hence Custos/Sintana. Sometimes you can have your cake and eat it too. The other two PELs are certainly worth an additional 35 to 50 cents a share. This is a wild guess. Comments welcome. 
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