Member Info for in4cedros

Laallee - very well thank you!

I’m particularly pleased you’ve had a look at the Auctus report and are digesting the content. Sintana is a very different animal to CEG in its various different guises over the years. From a risk viewpoint IMO it’s lower risk than CEG because it has a more diversified portfolio and many of the assets are Carried Interests. ( The Auctus report examines each asset and projects future values based on a positive outcome ). Although I mention lower risk I must emphasise it’s still high risk Oil Exploration and if all the assets turn out to be worthless the SP will reflect that and I’ll be more than a little disappointed!

Today’s link to the Bose interview on Mopane is very relevant to your post about the > £4 SP as he refers to risked values. I deduce from his comments that if someone offers less than the Auctus value for Mopane he’ll probably take it because cash in the bank NOW enables him to take on other opportunities which may have similar or better growth prospect rather than wait for the asset to mature over next 2+ years. Nevertheless I don’t have a problem with the way Auctus express themselves.

I’ve invited many readers to come on here and tell us where Auctus are getting it wrong, giving us a reasoned alternative view, to date the gauntlet has not been picked up, maybe you’ll be the first!

As you know I’m happy to have a reasoned debate - many views can have merit given the complexity.

ATB!

Laallee - waft of FOMO?

Billy - Glad I’m keeping you amused whilst we wait for next news!

I’m certainly keeping the faith that those Carried Interests will avoid another cohort of the disgruntled over extended.

Do you agree Carried Interests and diversification are a game changer here?

Billy- don’t let such an illustrious certificate get lost with your smalls, patience and perhaps putting a sock in it might ultimately create a delightful potpourri !

I’m thinking our Trolls on here might use the Crow blueprint when we get the next good exploration news on one of our many projects and the SP rockets!

Stewart - I’ve recommended your well measured post. I particularly liked the pragmatism of the last paragraph although personally I’m streets more confident for the future under well diversified, mostly Carried Interest, Sintana than CEG, recognising I’ll be, relatively, a little less rich if OFF-1 is drilled and hits a gusher knocking crows out of the sky at 600 feet at first attempt!

( For the avoidance of doubt last sentence was just figure of speech, I like crows and they are clever enough to avoid oil gushers, no crows were harmed by the making of this post and I would urge all readers to treat crows with the greatest of respect at all times! BTW did you know Crows, unusually for birds, flock to the death of one of their own and mourn collectively for a period before they all depart. )

Thanks for that link. The removal of the annual production limit could well be a significant factor when considering the FID as it could enable higher short term ROI.

Dat - thanks for sharing link for directors talk interview.

I thought the interview covered most of the issues raised recently by concerned investors. I like to ask myself regularly what would I do if I was running the company and at the moment I can’t readily see where I’d do things differently.

I’d like to invite readers to specifically indicate where they believe improvements can be made, given that they are constrained by the lead entities on most of the assets, as discussed in the interview.

The SP was hit by the Placing but close followers of the company could see that there was a need for capital on the horizon, at least it’s out of the way now and believers in the project may see this as a good opportunity to buy more.

The BOD don’t control the SP although PR can impact but, as mentioned earlier, perhaps controversially, I’m not seeing that the handling can be significantly improved upon!

Billy - always good to hear from fellow investors. Must admit I don’t feel cornered but I take comfort from the inference that no backward movement is possible LOL!

Regarding the SP I would like to see it higher. The company has huge potential, just look at the fundamentals described in the Auctus report. If you believe they’re wrong with their description and future valuations please let me know and I’ll happily debate it with you on here so that we can all benefit from your knowledge!

As I said earlier I’d like to see the SP higher but I’m very comfortable with the company fundamentals and the communications from BOD. We’ve got oodles of cash now, which should be sufficient to meet liabilities for several years and many Carried Interests in fields involving Super - Majors, including Mopane which is already proven up. We aren’t allowed to drill OFF-3 ourselves, even if we had the resources, so that’s currently looking for farm out suitors. Obviously any cash received from that will be added to the coffers - still plenty of interest in that area with Quatar Energy being the latest to throw their hat in.

If all this positivity isn’t convincing for you I will get over it but I thank you for stimulating yet another post from me - I like to encourage other knowledgeable readers to post on here rather than monopolise the board but I find it difficult to resist your direct challenge.

BTW if you’re unhappy with being an investor because you don’t believe in the potential I’m not twisting your arm to remain - it’s your choice!

"Those that fail to LEARN from history are doomed to repeat it."

Briggsy seemingly losing his shirt over the failed Bahamas drill is a salutary lesson to all investors in Oil & Gas Exploration about risk exposure. He’s still whinging and whining over his loss years later even though the COS were typically wild cat numbers and shared by BOD prior to Bahamas drill.

Also known was this was shyte or bust for the company, at that time, proverbial whip round of tea ladies being required to complete the drill financing!

The drill failed and it looked like total wipe out after Bahamas but investors believed company was worth saving. Turned out to be a good decision and then Eytan ‘ struck oil ‘ without drilling in Uruguay with transformational Chevron deal, which caused coping difficulties for Briggsy !

Briggsy has problems assimilating the changes to the company as flagged in the recent heading on his post - readers must draw their own conclusions as to why that is the case. Seemingly concept of ‘ Carried Interest ‘ is a struggle for him!

As always readers O & G Exploration is not for Widows and Orphans, even with aforementioned Carried Interests!

Briggsy - my previous post gave readers some insight regarding your history and how shirt loss had shaped it.

I admit to taking some pleasure from responding to Trolls by highlighting where they are wrong or have misunderstood. The latest post is manna from heaven for me with the heading ‘ Nothing ever changes ‘ !

That heading suggests Briggsy has failed to grasp one of the most important differences between old and new, the CARRIED INTEREST. It’s surprising the significance of this has been overlooked because the chances of shirt loss over a failed drill are now hugely reduced!

If Sintana fails on all of its assets it would clearly be a disaster for investors but the chances of that are much reduced because of diversification over so many different projects and geographic areas.

I’d also go further and point out that the Total/Galp field currently being developed has already been proven up !

As I said after the recent Placing, it was known Sintana had some future commitments that weren’t covered by existing cash. They could have chanced it by reliance on getting in cash from say OFF- 3 or sale of some other assets but they’ve used the company’s market strength to raise the cash now. If future cash flows ultimately make this raise unnecessary I doubt many investors will be whinging and whining about the Placing when they’re counting their piles of cash!

Briggsy - great to hear from you again, I hope you are well. Time is said to be a great healer, seems like you need more than most!

It occurs to me that some on here won’t know your history so I’ve reposted part of one of my posts from December 2025 replying to another poster.

‘ You could take the advice of Briggsy who’s just returned to the board after a period of wound licking!

He says “ This share is a dog - many would be wise to cut their losses or for a very very luck few, sell their small gains “. Unfortunately Briggsy doesn’t have a good track record here - seemingly over exposed himself to the Bahamas drill and blinded himself to potential of Uruguay with that iconic statement just before the transformational Chevron announcement:-

“Why on earth would anyone want to give their money to a company with no credibility and run by amateurs and most importantly who on earth would want to partner with them. “

Never gets old that one!

Santina - the upside here is huge but the potential reward comes with high risk - arguably the merged company diversifies the risks but it doesn’t remove them. This will be an exciting ride, whether you’re 18 or 80!

Good luck with your decision! ‘

Rascal - see RNS dated 21/05/2026 - sometimes I can’t resist good natured provocation!

Billy - there’s plenty of love from existing shareholders and Chevron/ Total for the assets which many believe have salivating potential. We’ve seen claims on here about new investors and existing holders adding, including Eytan and Robert Bose.

Analysts also love it, particularly Auctus, have a read and debate me on where they’ve got their facts wrong!

I’m not greedy, I’m happy to share the love, I’d be pleased for you if you bought shares and they did rather well but despite Placing and various extremely valuable Carried Interests please don’t treat this as advice to buy as it’s still high risk oil exploration and only suitable for those that understand risk - we’ve had too many on here that didn’t understand that and seem to be taking a long time getting over it!

Rascal - are you now or have you ever been a DRIP?

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!

Placing now demonstrates strong management. BOD have strategically planned for future well in advance of the commitment dates - contrast with Bahamas drill debacle!

Fundamentals unchanged regarding potential of underlying assets, see Auctus report et al.

Mr Bose has showed he does not lack courage in pursuing this Placing now and personally buying more at the inviting Placing price ( along with Eytan ) despite being twice seller of his shares earlier this year.

Close to US$5 billion expected to be trousered over next 12 months or so from sale of Australian coal mining assets to fresh buyer whilst keeping redress options open on Peabody.

Hats off to BOD - massive strategic repositioning now coming together well - not that easy given the huge sums involved.

Augurs well for new projects Rascal!