Sintana Energy Inc V.SEI

Crumbs From Bose...

[MrMoMnyMgr1995]

From a fellow shareholder via a private SEI board..

Feedback from Oslo from a friend —

 

- “We hope Woodside exercises option on 87 by end of the year”

- "we expect PEL 82 to kick off in 2025 '

- "will not be a full cycle E&P. Sell interests and pay out dividends"

In line with past SEI M.O. expectations.  Sell asset pre production, cash or script to shareholders of record, full positions still in tact for remaining assets, move on and repeat.

Shareprice drops accordingly, wouldn't want to be caught short with a dividend buy-out announcement...

[Benny007]

Thanks MrMo. For those who are not familiar with this stuff, a little more explanation would really help. Thanks a lot, GLTAL, Benny007

[MrMoMnyMgr1995]

Think of SEI as a finance company that invests/speculates in O&G acreage.  Their goal is to farm out, as they have done, have little to no monetary requirements, let the major de-risk the property and sell their W.I. before the acreage gets to production.  As they sell off the W.I. in each property, return the capital to the shareholders via dividend, or script (stock) of the

[Benny007]

Very clear and very appreciated! GLTAL, Benny007

[barolo19]

Well said! and if the upcoming drills do delineate a bigger reservoirs you can do the math!! time is of the essence. glta

[hikari]

New september 2024 presentation https://sintanaenergy.com/investor/corporate-presentations/