Sintana Energy Inc V.SEI

PEL 38 valuation

[farrell90]

I expect the next substantial bump up in share price when Galp announces their partner. Galp has indicated they will keep 40% of PEL38 and sell 40%.
Only the big oil compaanies will bid on this one. Galp indicated they expect the partner{s} to pay for exploration and development wells and field development.

Their new partner[s} purchase price will confirm for  Wall Street the value of PEL 38

Chevron and Sintana are drilling 5 wells in PEL90 in the next few months. Some new maps suggest Mopnae extends to PEL 90. On May1 ,2024 Chevron and Sintana annouced an agreement for PEL 82

https://www.rigzone.com/news/chevron_secures_deal_raising_its_operated_stakes_in_namibia-01-may-2024-176591-article/

Sounds  like Guyanna?

https://www.biznews.com/africa/2024/04/26/namibias-oil-rush-guyana

JMO Farrell

[farrell90]

Sorry should be PEL 83. Farrell

[RoyMax123]

Seems like a little bid war between some big players is about to start, according to the following link Exxon, Shell, Total and Equinor are interested in Galp's 40% https://www.namibian.com.na/energy-giants-eye-stake-in-galps-namibian-oilfield/

[hikari]

cool news IMO the smaller oil companies have only one chance to beat the big boys from the super major league. They have to build a joint venture group with enough financial firepower to beat Exxon, respectively Shell. On the other hand I think that the super majors do not want to allow smaller companies to overtake them, with the help of a world class discovery like Mopane, respectively with the

[Alim33]

Wow! First bid expected in two weeks! Mid-June! Future looking really good!