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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Sintana Energy Inc > I can not believe it will be towards end of 2025 to sell

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Post by farml1234on Oct 28, 2024 7:40pm

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I can not believe it will be towards end of 2025 to sell

"Silva also expanded on Galp’s strategy regarding the farm-down opportunities for Mopane and the introduction of partners to join in the large-scale development of the prolific area, for which it holds an 80% stake. What transpired on Monday is that Galp is not in a rush to sign an agreement, and the company is comfortably financed to leave a partnership agreement for a date it suits them, which appears to be towards the end of next year. “We have the financial ability, so we can avoid rushing into a transaction,” Silva said.

jmho

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