$SEI.V $SEUSF $GALP $GLPEY

Reuters reporting that the final 2 bidders on the PEL83 Mopane 40% farmout with >10b bbl is Total $TTE & Chevron $CVX

When this deal gets announced should revalue Sintana (3-5x) or does they choose to exit at same time to make it cleaner for the operators.

reuters.com/business/energ…
It could also lead to a deal up in PEL87 where Pancontinental $PCL.AX $PCOGF & Sintana $SEI.V $SEUSF have been looking for an operator.

Chevron or Total could secure a massive ownership & development that could rival or exceed Exxons Guyana!

So what does @AST_SpaceMobile $ASTS mean when they say “We have completed production of various components and subsystems and have completed assembly of microns for multiple Block 2 BB satellites”

Let’s go on a quick factory tour…. First - what is a BlueBird Satellite made of.

Straight from the 10k

Our BB satellite primarily consists of a phased array and a spacecraft bus (also referred to as a Control sat). The phased array consists of building blocks called microns. Each micron contains multiple antennas, front-end modules, a distributed digital processing and data transfer unit, and a thermal and electrical power system consisting of a solar panel, batteries and a power distribution unit. The Control sat is the main body and structural component of our BB satellite in which the payload and various subsystems, such as propulsion system, reaction wheels, avionics, power control and distribution unit, and QV antennas, are held

Top 10 Longs for 2025 in order of size. I am a long term holder more than trader, but am making a couple changes

$ASTS $21.10
$SEUSF $0.815
$GLNG $42.32
$KOS $3.42
$QS $5.19
$ORGN $1.28
$PBR A $11.84
$BAK $3.86
$BABA $84.79
$ECO $21.26 Changes
$INSW -> $ECO
$PARXF -> $KOS
Drop $STNG & $SU & $EC
Add $SEUSF $QS $BABA

I actually still like all the ones I dropped & will keep a smaller position, just think the rest have more upside.

I have substantially increased my $BAK to nearly 15% of port. All signs point to this deal being legitimate & likely. As well as I see nothing in the bylaws that indicate ADRs will get anything less than 100% tag along rights. Offer for ~$19 per adr shr. Downside is back to $8 $BAK has had buyout rumors several times & Petrobras & Novonor have indicated a desire to sell in the past. They have officially got a proposal (before was all rumors) according to the stories creditors have already been presented with it prior. So most likely are good with it

$EC - 20%+ dividend coming soon. Diversified, stable outlook, political fears now known & implemented.

EcoPetrol - The Columbian O&G producer Company with avg 720mmboepd production + 2 refineries + midstream + ports + electricity with $20 per bbl net income breakeven
/1 Basics
$EC = $9.8
MC = $20B
2022 rev = $31.5b
2022 net income = $6.6b
Q3 cash = $3.5b
52 week H/L
$8.59/19.81
US ADRs = 20 Columbian shares
Government owns 88.5%
Total Minority = 11.5% (ADRs 4.3%)
/2

$PBR - one of the best values out there ~20%+ div yield at $75 Brent

Petrobras is the National Brazilian Integrated Oil & Gas Company with avg 2.7mmboepd production + 10 refineries with 1.9mmbbl capacity + power plants + Nat gas processing with est $33 per bbl op cost.
1/ Basics
$PBR = $11 - voting, liquidity, options
$PBRA = $9.6 - div priority
52 week H/L
PBR = $9.56/16.32
PBRA = $8.35/$15.04
US ADRs = 2 Brazilian shares ($PETR3 & $PETR4)
Government owns 36.6% (50% voting & 18.5% perf)
2/