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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 > Industry standard
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Comment by geomanx02on Aug 04, 2024 10:50am
224 Views
Post# 36163836

RE:Industry standard

RE:Industry standard
There is no minimum standard recovery factors in the oil/gas industry......the range runs from 0% to 65-70% Primary RF. 

The seller (Galp) will put the highest RF on the table and the "lookers" will put the lowest reasonable number on the table...the truth lies somewhere in between...

A ballpark recovery factor for the Orange Basin will not be known for several years and it's always a best guess.....lots of variables when estimating a recovery factor...especially when the oil has a high gas saturation.....
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