Sintana Energy Share Price (SEI)

Sam - thanks for your post. I don’t advise on buying or selling of shares but would observe that your posts are usually super pragmatic concentrating on investment merits.

The Placing hasn’t changed the assets and it was known that Sintana needed to finance some commitments on non carried assets. It was possible they could have achieved it by, for example farm out of OFF-3 or selling more of OFF-1 than was originally envisaged but these are not guaranteed and arguably can be better negotiated from position of strength where Sintana aren’t over a barrel.

Have another look at Auctus - if the risk/ reward makes sense for you let that be a significant factor. History here is a great educating factor but arguably not paramount.

ATB!

LAMS - hear what you say about directors buying at the ‘ inviting ‘ price and that this can be disturbing to some. I believe in the investment case here and would have been pleased if Eytan would have included me in the Placing but unfortunately that’s not the way things work as they have to strictly control information in these scenarios.

Robert Bose and Eytan weren’t obliged to buy more shares but chose to do so. Those holdings are likely to not be traded in the short term because director dealings are revealed. This contrasts with my expectations for a good part of the rump, based on general experience of Placings. The fact that directors took part of the Placing doesn’t change the dilution so I’m not bothered about that - I prefer them to benefit than others I know less about.

Back in the day with Columbus/ CEG some of the more committed private investors participated in Placings such as Bigmj . He’s came over to Sintana and he might be able to shed more light on the the process and the discount for this particular offering if stimulated by this post!

@Sparkhawk, yes I see. Hmm, I wonder of it is insiders buying ,could be.

Lots of buys coming in at 24p, looking for it to rise from here back up to 30p , before we start drilling

As the saying goes, "You made your bed, so lie in it", and I am going to continue laying in "it" until I awake and find my Sintana shares have rise 5-10 fold ++.

Pointless selling now with such a long wait for success. The keys for me will be Uruguay and PEL37 as both have good feelings for me. And I like Eytan Uliel as well, I think he is trustable.