Odd lots #5; Sintana Energy
The jackpot just got bigger, and so did the likelihood of it paying out. With the attached financial model, you can estimate Sintana's value in various oil discovery scenarios.
The prize money on the Sintana lottery ticket is getting bigger and bigger, and so are the chances on a payout. Sintana and its partners released press releases on Sunday, highlighting estimates of 10 billion barrels of oil equivalent in-place, in the Mopane complex alone.
In the table below, I show the sensitivities for Sintana to oil discoveries in Namibia. In the attached financial model, you can easily fill in your own assumptions to check the potential impact on Sintana’s value.