Post by
geomanx02 on Jul 25, 2024 4:49pm
The Clock is Ticking
There is no indication that the Custos/Sintana combine has formulated a plan for capitalizing on their interest in the Orange Basin. Chevon will drill their initial well in Q4, a well in which Custos/Sintana have a carried interest. If the well is succesful, Chevon will propose a multiple well program to the non-operating interest owners, at which time Custos/Sintana will be the receipients of multiple AFE's which they must execute and return with advance payment for their share of the costs of the proposed wells.
Sintanta can pay their share but doubt Custos has that kind of money which will put both Custos and Sntana at risk of participating on a non-consent basis (probably in or out).
Sure would like to know what "Plan" Custos/sintana have for this situation