Sintana Energy Inc V.SEI

Galp find Estimate of Value to SEI

[liquorwolf]

All  kinds of numbers are bouncing around. The true facts as stated by Galp is that they found 10 billion barrels of oil plus. They would not have invited others into their war room if they did not have the goods. So what is the value to SEI. A conservative value estimate takes 30% of the 10 billion or 3 billion. SEI has a 4.9% stake or 147,000,000 barrels at say $3 in the ground or $441 miillion. Todays market cap is $315 miillion. The question is how to monitize this. And don't forget the forward opportunities which could add substantial future value. All comments welcome. Thank you,

[ExplodeTheBank]

Lets get some real numbers..... $4 as recently noted in a article of that regard... low gas saturasation, so oil in ground worth atleast $4, 40% recover, and probably closer to 20 billion barrels, rather than 10....

[farrell90]

Just for the sake of arguement, they could buy producing Canadian junior oil/gas producer . Look at the recent purchase of Crew energy by Tourlamine oil. $947 million for 29,000 barells/oil equivalent per day which is reported to add $200,000,000 per year of free cash flow. If your buy out price of $411million is corrected you can multiply the above by a conversion of ,434 to produce a 12,586

[barolo19]

Api ??? think its light oil for Namibia!

[horseplay]

Light enough to make a vinaigrette dressing for your salad.

[ExplodeTheBank]

So many factors you forget, you can't just compare it in that way lol... 20 billion barrels will be closer to $2 billion dollars, rather than $1 billion dollars.... enjoy the ride jmho

[ExplodeTheBank]

$2 billion dollars to sei...... ofc