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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 > More of the same!
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Comment by geomanx02on Aug 12, 2024 5:20pm
247 Views
Post# 36175353

RE:RE:RE:RE:RE:More of the same!

RE:RE:RE:RE:RE:More of the same!
Think the potential buyers will low ball OOIP and EUR numbers because there is insufficient data to support the numbers being put out by Galp.  Not saying Galp is wrong....but buyers will see it differently.

Examining the well results, only AVO 1 has been found in both wells....AVO 2 was encountered in the Mopane #1 well but not the Mopane #2 well.  Likewise, AVO #3 and AVO #4 were encountered in the Mopane #2 well but not the Mopane #1 well.  There is lack of continuity except for AVO #1.  Thus the risk factor for AVO #1 is significantly less than for AVO #2 thru #4.

Remember, Galp said if they do not receive an acceptable offer they will "go-it-alone".....

Need a few more bore holes to better define the reservoirs/reserves and everyone will be happy

JMO and I don't know anything about anything....
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Dealroom for high-potential pre-IPO opportunities