Member Info for sharedoc01

I totally agree Sintana has been missed by the market. At least they are attempting to get the message out.

FYI other companies with limited downside and significant potential within 24 months: Eco Atlantic (Jo and Jethro in Guyana and numerous other triggers), Seascape energy Asia (PSAs in Malaysia), Orcadian Energy (Pilot project and numerous others in North Sea), Borders and Southern (Darwin Falklands)

I agree if PEL 87 has been farmed out it will add value but until that happens it is speculation (I do note the PCL trading halt and so I am hopeful). All the items I mentioned are certain and some will happen in 2026 or early 2027.

The Eco Atlantic share price has been rightly ignited by the deal with Navitas. However, Sintana is partnered with Chevron in Uruguay (one of its 2 blocks there), Chevron in Namibia (PELS 90 and 82) and Total with Galp in Namibia (PEL 83). These super majors have much greater firepower then Navitas. Also, the value of Sintana is greater than the find thus far in PEL 83, which will be expanded. The value of Eco Atlantic is less well underpinned (the heavy oil discovery in Guyana is less certain at this stage and the only discovery in the North Falklands thus far in their block from JHI is gas). Essentially, they are both great investments and I am heavily into both but I believe Sintana has been more missed by the market at this stage. I invested heavily in Eco (ECO) and Seascape Energy Asia (SEA) when they were both in single figures (they are now 63p and 78p respectively). Conversely the Navitas team up with Rockhopper did ignite that share quicklyy. The sentiment is very strong with Eco and it will increase further but the I believe Sintana will rocket when Chevron starts drilling PEL82, commits to drilling in Uruguay or when Total expands the value of Mopane in PEL 83 Namibia!!

There is always a chance some news has leaked. However, that would be insider info if traded upon. More likely is the fact that the free float is really small. Management own half the company so have significant skin in the game. They have been working on their assets for some time even before it was listed on AIM (see website for clear history timelines). I don't think they have been doing this for nothing.

I think management are genuine and acting in shareholders interests and they have assets that could be very valuable if the tax position changes.

The market cap of orca is tiny and a major opportunity. The last research I viewed estimated that 2 projects have a value greater than 30p each with many other areas of potential. Clearly the EPL is putting the breaks on some of this potential. If this is changed orca will multibag easily. I feel this is like when seascape Asia energy was 7.5p (it is now 70p and not done yet over the medium term). I am a large shareholder in both companies and not a day trader. Invest when others are fearful and the market has missed value.

First hole for havieron was Apr2018 and results in June 2018

How will they pay for drilling (NB low market cap)!?

Management has a good track record and is working in shareholders interests by limiting equity raises (NB Faroe and latest presentation). There are multiple wells and other catalysts which reduces downside going forwards. If any of the next 3 wells come in the share price will do well. At a market cap of 20m I see loads of upside with minimal downside.