Sintana Energy

Sintana Energy has appointed IJG Securities as sponsor and corporate adviser and has opened talks with the Namibia Securities Exchange regarding trading admission. After a listing, the company intends to explore options to create local liquidity and enable Namibians to take direct stakes in the offshore sector. The initiative aligns with the national development plan NDP6 and aims to broaden participation by employees, the public and institutions. » Mere på de.investing.com

Sintana has agreed with ExxonMobil to settle an arbitration concerning the VMM-37 block in Colombia. Sintana will assign the rights and interests in the block to ExxonMobil; ExxonMobil will pay a total of US$9 million in two tranches (US$3 million within 60 days, US$6 million after regulatory approval). Both parties will drop the arbitration and release each other once the assignment is approved by Colombian authorities. Sintana says it will focus going forward on its Atlantic margin portfolio. » Mere på de.investing.com

Sintana Energy will begin trading on the London Stock Exchange’s AIM market on 23 December 2025 while retaining listings on the TSX Venture Exchange and the OTCQX market. The oil and gas exploration company recently completed the acquisition of Challenger Energy Group and holds interests in licences in Namibia and Uruguay, with a pending interest in Angola; it is working with partners such as Chevron, Galp, Pancontinental and NAMCOR. Two Uruguayan environmental groups have initiated legal action to halt offshore work, which Sintana has called “without merit” and intends to answer by 26 December; about 2.5 million common shares are also to be issued as settlement payments to directors and senior executives. » Mere på de.investing.com