Sintana Energy Inc (SEUSF)

[farrell90]

Sintana's deal for the Namibian assets could be very lucrative if drilling confirms its oil and gas potential.

For 5.7 million dollars Sintana obtained 49% of Inter oil:

Interoil assets

" (i) a 15% carried interest in PEL 87; (ii) a 10% carried interest in each of PELs 82 and 83; and (iii) a 20% carried interest in PEL 90."

" In addition, the completion of the Acquisition is contingent upon the grant of a 90% interest in onshore Block 1918B to an indirect subsidiary of Inter Oil, of which the Company will acquire an indirect 30% interest." { The contingent event described has been completed}

"Three of the four offshore PELs to be acquired are located directly outboard of (i) the Kudu Gas Field, which was the first offshore discovery in Namibia; (ii) Venus-1, a highly anticipated exploration well immediately south of PEL 90, which is proposed to be drilled by French supermajor Total in the fourth quarter of 2021, and (iii) Graff-1, a highly anticipated exploration well immediately south of PEL 83, which is to be drilled by Shell. In addition, Block 1918B is located in close proximity to the prospective block currently being evaluated by Reconnaissance Energy Africa Ltd."

https://www.yahoo.com/now/sintana-announces-execution-definitive-agreement-170900488.html

In addition Interoil's president will assume a board seat on Sintana's BOD

" In connection with the closing of the acquisition, Knowledge Katti has been appointed to the board of directors of Sintana. "

https://www.marketscreener.com/quote/stock/SINTANA-ENERGY-INC-49478488/news/Sintana-Energy-Inc-acquired-49-stake-in-Inter-Oil-Ltd-from-Grisham-Assets-Corp-for-5-7-million-39709855/

Good luck,

Farrell