Sintana Energy Inc V.SEI

PEL 83

[geomanx02]

Does anyone want to put forth a theory on how Custos can monetize the value of PEL 83 for both Custos and Sintana.  To date have not seen any effort from Custos to market the joint interests and the window of opportunity to do so is rapidly closing......

[capconstrained]

There's this company called Galp that is running the process. Until their 40% stake is farm downed/sold, there is nothing for Custos to do but wait.  As such, the window of opportunity extends indefinitely.  Keep bad mouthing SEI. You may be right sometime into the distant future.

[geomanx02]

Cap....you have failed to recognize that Galp may not find a buyer and thus will "go-it-alone", in which case, come 1stQ 2025, Custos/Sintana will be on the receivng end of multiple AFE's for well expenditures (from Galp and Chevron) for which they will be required to pay the est well costs upfront.  The renegade is PBR....they seem to be fairly desparate and just may pony up

[barolo19]

Great points! thinking Custos's treasury is not great we are in a better position and when Galp drills the next well and discovers?? the discovery will only get bigger! They have a four well plan let's see what turns up!!! glta

[Ebenizer3]

really you want to peddle pel 83 to junior explorers??? ultra deepwater, deepwater complicated, multi-billion dollar projects to junior explorers???  and the least you could do if you actually owned sintana is visit the website and you would know the particulars of the licenses that they are participating in. If things progress the way everyone hopes sintana will have no problem raising $10

[MrMoMnyMgr1995]

Wrong...