Member Info for Crazych38

For challenger its a great deal my friend :)

And i forgot pel 87 but i think that according to the sesmic its not so good block

As of today, Sintana’s most significant asset is its 4.9% indirect exposure to Block 83, held through a 49% stake in Inter Oil, which in turn owns Custos.

The operator of the block is GALP, holding 80%, and they’ve already announced a farm-out process.

The bear case is that GALP fails to secure a deal — in that case, the block’s valuation could drop sharply.

The bull case splits into two scenarios:

1. Sintana participates in the farm-out and sells its indirect interest together with GALP. Personally, I think that would be a mistake — it’s better to wait for development and production, especially given the carry through to production.

2. Sintana does not take part in the farm-out, and simply benefits from the fact that, after such a deal, the likelihood of commercial development rises dramatically.

As for what the Namibian government wants it’s all part of negotiations with the operators, but in the end, economics will prevail.

Interestingly, Shell wrote off its investment in its Namibian block recently, yet reports also suggest they plan to resume exploration, which keeps things dynamic.

My renks for sintna assetes:

1. pel 83

2. pel 90

3. pel 79

4. pel 82

5. pel 103 onshore

6. kon 16 ... onshore in angola

7. vmm37 in magdelane in colombia (it could be easily be nu. 1 but petro regime dont gave them to drill a d to develop the asset)

Sintana orenge basin assets:

1. 4.9% im pel 97 via inter oil that holds custos... this is the best asset... mapone discovery - i think that the most of the value of sintana came from this asset.

2. pel 90 = great block but with a duster in the first drill now we dont know if cheveron have a plan to drill there again and if yes it will cost sintana becouse its without carry.

3. pel 87 = 0... for now the 3d sesmic there isnt good , the cos are bad, woodside left the block.

4. pel 79 very intersting but at early stage like ceg.

the other assets (pel 82, angola, pel 103) are nice but with much higher risks...

pel 82 could be intersting if cheverom will drill there at 26.

And im here invest in challenger days after cheveron deal...

I think ceg did great deals in the last 2 years for the investors.

I have been invested in sintana from the begining of 22 1 day after the big privete placment (0.13-0.15)

i sold all my positions before they start to drill mapone at 0.30 and boghat again at 0.38 but with not big amount of cash and sold at 1$.

i was the first investor of sintana that talked about the namibian assets and on that deal and most of the investors there told me that the focus is on colombia (haha)...

ok so for what you said - on pel83 sintana have carry until production... it not make sense to sell asset like that.

This deal is more good to challenger ...

for sintana investor its a not so good deal before galp farmout deal.

But its great deal for new investors

Sintana is waiting for pel83 farmout so its weird that they gave us 25% from them...

For us its a good deal we will have more power to nagotiate on the area 1 40% and for the 100% of our blocks....

and we get expushere to sintana portfolio:

4.9% with carry for pel 83 with galp

16% for pel 79

4.9% for pel 90 with cheveron

4.9% for pel 82 with carry and with cheveron

7.4% with carry at pel 87 with pcl

+ 2 onshore blocks.

The merger company will be the biggest exploration company in the atlantic margin with the most intersing assets.

I cant open the link

Jmhoooo

its not the drill its the speculation about:

1. farm in potantial for area 3

2. begining of 3d on area 1 by cheveron... maybe they will begin until the end of the year.

until now its 27m mc for company with big position in 2 big blocks... i remember the big movment of pcl in namibia before any drill or 3d resulet in pel 87...

what this arae dont have is discoveries and it seems far away...

Isnt consider another rigional war.... (In the middel east).

Harel its economical...

Look at the presentation this drill will test the extention + 2 deeper targets with somthing between 700-800 million barrells in 1 drill!

but eco said that they are not going to drill with 100% so we need to wait to the farmout process.

Hope we saw a double bottom pattern

So we can guess that the cos for this well are intresting

Look at the 2 optional wells and there position in the block.

1. Both of this wells are neer hamerhead... why?

2. Both of this well targrting 3 targets for 1 well:

One target at Teretery in the same zone of hamerhaed...

+ 2 targets on deeper light oil.

It make sense to me.

Its very easy look on the new prestantion on the drilling wells... it can be a hint...

i think the marked missed the opportonity here but its ok...

It happend to me in sintana 16 months i said that the market is blind .. now everybody know who is sintana.

Eco is well known in the exploration sector but after the:

Results of the api in guyana + the partners leaved the block + block 2b failure the market dont have confident...

I think that in that point the market is wrong.

Side at 2022 with venus and graff wells (Now discoveries).

Hope at 2025 they will bring it to the orenge basin in the south african side.

Eco have major interest at block 1 and 6% on block 3b/4b.

I hope 25 will be the year of eco.

You forgot that now eco is 100% owener of 3 discoveries:

1. jetro = 200 m

2. jo = 100 m

3. hammerhead ext = 15m

Do the math now :)

+ 4 blocks in the walvis basin

+ 1 big block in the orenge basin

+ 6% in 3b/4b with total.

Tell it to charlstwon....

maybe the best investor in this indstury that choose to invest in ceg...

:)

But ceg has real assests...

cheveron farm in to 1 of them...

So its not "air bussiness" its exploartion bussiness

high risk and high reward. its just the begining of the path....

I hope to see that the drill of equinor if not be commrichal success it will be prove (i hope):

1. The aptian sourch rock.

2. working patroluem system .

if 1 or 2 from that will happend it will be great... if not? we will need to wait to the next drill in the area.