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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 > Cash + Carry...
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Comment by farrell90on Jul 02, 2024 4:43pm
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Post# 36115201

RE:Cash + Carry...

RE:Cash + Carry...I initially thought it was unlikely 40% partner for PEL 83  would take on the expense of developing such a potentally large oil field. But, cash + carry seems to be on the table.

"The identities of the bidders and their offers were unclear. Most firms were expected to offer an upfront cash payment to Galp and to cover the Lisbon-listed firm's share in the field's development,..."
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