18th Dec 2025 14:17
Sintana Energy Inc - Calgary, Alberta-registered oil explorer in Namibia and Uruguay - Sets date for its AIM listing after completing its acquisition of Challenger Energy Group PLC, which brought with it assets offshore Uruguay. Sintana, which already is listed in Canada and the US, will trade additionally on AIM, starting from Tuesday next week. It has appointed Zeus Capital Ltd as its nominated adviser and both Zeus and Cavendish Capital Markets Ltd as its brokers.
Sintana has indirect interests in four petroleum exploration licences offshore Namibia, one onshore Namibia, and the two offshore Uruguay from Challenger. Sintana also has a pending interest onshore Angola, as well as legacy assets onshore Colombia and offshore The Bahamas.
"Following the scheme becoming effective in relation to our transformational acquisition of Challenger Energy Group and our related commitment to provide local liquidity to AIM-based shareholders, we will have arrived at a key milestone," Sintana Chief Executive Officer Robert Bose says.
Sintana says its market capitalisation on AIM is expected to be about GBP107 million. Its current market cap in Toronto is CAD145.9 million, about GBP78.8 million. The company completed its GBP45 million all-share takeover of AIM-listed Challenger Energy earlier this month.
By Tom Waite, Alliance News editor
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