Sintana Energy Inc SEUSF

what really going on with SEI

[farml1234]

My gues the big boys are shorting it down so they can really load on the cheap

jmho

[Logman5]

A plausible scenario. Why would anyone telegraph a large sell at a price 4 cents lower 2 hours prior to trading.

[hikari]

No good idea to short, if together with Chevron Sintana discovers another monster oil field in Orange Basin after our Mopane discovery. Chevron weeks away from debut well in sizzling Orange basin "US supermajor Chevron is within weeks of spudding a long-awaited debut exploration well in Namibia’s prolific Orange basin, with privately-owned Rhino Resources set to join the area’s latest

[Ebenizer3]

Gas may dash Big Oil's Namibian dreams  https://www.reuters.com/business/energy/gas-may-dash-big-oils-namibian-dreams-2024-11-07/ More gas than expected in fields Geology means oil will cost more to produce First production may be next decade Government wants joint gas plan PARIS/CAPE TOWN, Nov 7 - International companies and the government of Namibia had high hopes only months

[RoyMax123]

Gas does'nt seems to be an issue for Galp... "Silva also suggested that, so far, Galp’s exploration activities have not encountered the drawbacks of high gas condensate concentrations in the wells it has been appraising — an issue that has meanwhile affected some peers exploring nearby" from  https://www.upstreamonline.com/exploration/-this-will-be-a-keeper-galp-chief-upbeat-on

[barolo19]

In April Galp Energia announced that well tests in the Mopane 1x reached 14,000b/d max limit, oil was light with low viscosity minimal CO2 and no Hs2. So looks like 2 narratives out there! Think I will stick with what WE know!!

[Ebenizer3]

That's 14,000 boe: from the NR. Look time will tell and Galp seems to be excited, when the deal gets done then you can celebrate. Hopefully sooner than later. Good luck to all. "Well test flows reached the maximum permitted limit of approximately 14,000 barrels of oil equivalent per day, suggesting that the broader Mopane complex could become a significant commercial discovery"

[farrell90]

Interesting posts ,but Galp has stated several times the Mopane drilling results shows no prolems with gas and the oil tested has no significant impurities. Hopefully the upcoming 4 well drilling program will confirm the same. Thanks for posting. Farrell

[hikari]

The Sintana/Galp-Mopane discovery is the sweetest spot in Namibia offshore currently, compared to the Total/Venus discovery and compared to the Shell discoveries. best summary Fingers crossed that the coming exploration wells from Sintana/Chevron and Sintana/Pancontinental (Saturn) deliver world class results as well.

[celestialman10]

Good, but article is OLD!

[hikari]

https://oilprice.com/Energy/Natural-Gas/Too-Much-Gas-Namibias-Oil-Dream-Takes-a-Detour.html

[FatsDomino]

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

[celestialman10]

GALP has PUBLICLY stated GAS is NOT a MOPANE problem!  Do you think he is lying?

[FatsDomino]

weasel words were used: Silva also suggested that, so far, Galp’s exploration activities have not encountered the drawbacks of high gas condensate concentrations in the wells it has been appraising. That statement can easily be walked back. watch for it.

[Logman5]

Appears Galp is putting its money where its mouth is.

[geomanx02]

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

[capconstrained]

Always looking at the class as half full.  Good luck

[geomanx02]

Cap........Glass is totally empty at the moment....sold holdings a few weeks back. On the bright side my bank account is full and my new Shelby Mustang has a full tank of gas. Will be back in sub $0.50.......if it gets there....if it doesn't....am a happy camper after 10+ years of holding this stock. GLTA

[farrell90]

The Venus discovery has been described as having natural  gas: however Galp has repeatly stated that natural gas is not an issue in Mopane.

[Theonewhostocks]

Then why are they collapsing after such a grand discovery?

[geomanx02]

Regardless of what Galp says, gas is a problem  but it can be solved with time and money. No one wants cash flow pouring out of the Orange Basin more than the Nambian government. Think there will be a resolution to the problem as operators bring pressure on the Nambian government....the resolution being limited flaring until gas gathering infrastructure can be implemented.

[celestialman10]

So, you know more than GALP?  A problem with a solution, PROBLEM solved!

[Harel1976]

sp drops because farm out was delayed by one year, galp cant fund it alone with 100% of the cost, obviously the farm out was not completed because they couldnt get the price they wanted and are now taking a calculated risk of drilling campaign. without being developed sei cant take in consideration future income and enjoy the multi million dollars of the carry through production.. every time an

[Ebenizer3]

1 well this year, 3 wells second half 2025. Flow test end of 2025. https://seekingalpha.com/article/4736761-galp-energia-transformation-journey "Management said on the call:   In Namibia, we are drilling our third well as we speak. This will be a keeper. The fourth well is planned for the summer, then followed by wells number five and six...We should be drilling the entire

[crude]

Mini flow test on current well !!

[celestialman10]

No NEWS, No REVENUE!

[Ebenizer3]

my suggestion is that the information being released about the gas concerns is one reason the SP is lagging: Technical read. https://geoexpro.com/namibia-looking-at-the-factors-that-cause-concern-when-it-comes-to-developing-the-recent-deep-water-finds/ Namibia – Looking at the factors that cause concern when it comes to developing the recent deep-water finds And more about today’s exploration