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.

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Comment by Benny007on Sep 12, 2024 8:03pm

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Post# 36221437

RE:RE:RE:Crumbs From Bose...

MrMoMnyMgr1995 wrote:
Benny007 wrote: Thanks MrMo.

For those who are not familiar with this stuff, a little more explanation would really help.

Thanks a lot,

GLTAL,

Benny007

Think of SEI as a finance company that invests/speculates in O&G acreage. Their goal is to farm out, as they have done, have little to no monetary requirements, let the major de-risk the property and sell their W.I. before the acreage gets to production. As they sell off the W.I. in each property, return the capital to the shareholders via dividend, or script (stock) of the purchaser if that is how it was bought. Rinse and repeat with each Namibian asset. Shareholders would still hold their full positions, however the stock price would re-rate for the sale of the asset.