Sintana Energy Inc SEUSF

Primary Symbol: V.SEI

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 > what really going on with SEI

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Comment by FatsDominoon Nov 10, 2024 10:40pm

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Post# 36306058

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:what really going on with SEI

Ruh Roh...

Companies including Shell, TotalEnergies, Chevron, and Portugal’s Galp Resources are drilling for oil in the Orange Basin off the Namibian coast. They are striking oil, too. Shell struck oil at a prospect called Graff, estimated to contain up to 1.7 billion barrels of crude. TotalEnergies’ Venus discovery could turn out to be even bigger, containing up to 3 billion barrels of oil. Galp also struck oil earlier this year but has not disclosed the size of the discovery. But all these companies have a problem: there’s too much gas in there with the oil.

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