Business
Sintana Energy investors getting exposure to supermajor-level exploration targets — Analyst
(NewsDirect) Founding Partner of Auctus Advisors LLP Stephane Foucaud speaks to Thomas Wa...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Sintana Energy investors getting exposure to supermajor-level exploration targets — Analyst\n \n \n (NewsDirect)\n \n \n \n \n Founding Partner of Auctus Advisors LLP\nStephane Foucaud speaks to Thomas Warner from Proactive about Sintana\nEnergy (TSX-V:SEI) (OTCQB:SEUSF) and its prospects in the offshore\nNamibian energy sector.\n \n \n Namibia,\nhistorically overlooked in the oil and gas industry, has seen a\ntransformative shift with major discoveries by Shell and TotalEnergies\nin the Orange Basin. Foucaud explains that Sintana Energy, being a\nsmaller player, secured its position in a competitive region through\nastute timing. Acquiring exploration licenses just months before the\npivotal discoveries, the company strategically partnered with Chevron\nand Woodside, who quickly invested around $40 million each for seismic\nexploration on Sintana's licenses.\n \n \n The interview revealed that Sintana has not disclosed specific\nresource estimates, but based on the substantial investments made by\nits partners, the potential value of its blocks is estimated to be\nsignificant. Moreover, a similar company, Impact Oil & Gas, with a\n20% stake in a discovery with Total, recently raised $800 million,\nsuggesting substantial value for Sintana's assets. Notably,\nSintana benefits from a unique funding arrangement. Its partners,\nincluding Chevron and Woodside, carry the substantial drilling costs,\nreducing the risk of dilution for Sintana and its shareholders.\n \n \n Foucaud suggests overall that Sintana\nEnergy's strategic timing and partnerships position it favourably\nin Namibia's burgeoning offshore energy sector,\n \n \n \n Contact\nDetails\n \n \n \n Proactive Investors\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2274,"tagName":"div"}]