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 geomanx02on Nov 11, 2024 10:23am

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Post# 36306478

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

On more than one occasion Galp described the reservoirs as being "very gassy".......but....now that they are a "seller" the reservoirs are not nearly as "gassy" as previously thought.....LOL

The problem with the gas is not related to the required infrastructure to get it to shore....the problem is that there is no Nambian market for the gas ...thus suspect this will become a huge LNG project for which there is a world wide demand.

Woodside is a major LNG player....will the potential for a new LNG project in Nambia be the impetus to get them to exercise their option on PEL 87? Maybe....

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