16th Dec 2025 15:45
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") | |||||||||||||||
COMPANY NAME: | |||||||||||||||
Sintana Energy Inc. ("Sintana" or the "Sintana Group" or the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : | |||||||||||||||
Registered Office Address 3300, 421 7th Avenue S.W., Calgary, Alberta, Canada T2P 4K9
Trading Address: Office 4.01, 88 Kingsway, London, United Kingdom WC2B 6AA
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COUNTRY OF INCORPORATION: | |||||||||||||||
Alberta, Canada
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: | |||||||||||||||
https://sintanaenergy.com/
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: | |||||||||||||||
Sintana is the Canadian parent company of a group of companies focused on the acquisition, exploration, potential development and ultimately the monetization of a portfolio of direct and indirect interests in high-impact assets with significant hydrocarbon resource potential in prospective "frontier" geographies.
Specifically, this includes interests in eight licences in two countries, Namibia and Uruguay, as well as a pending indirect interest in a licence in Angola (and legacy assets in The Bahamas and Colombia), thus providing diversified exposure to a range of geologic plays, basins, operators, regulators and geopolitical regimes. The portfolio is anchored by an indirect interest in the significant discoveries in the Mopane Complex (contained in Petroleum Exploration License 83 in the Orange Basin, Namibia), together with additional high-impact exploration catalysts across multiple other assets.
Sintana's portfolio currently comprises of:
indirect interests in four large, highly prospective petroleum exploration licences ("PELs") in the Orange Basin, offshore Namibia, including an indirect 4.9% carried interest in PEL 83, home of the Mopane discoveries that were made in 2023, as well as indirect interests in PELs 79, 87 and 90;
an indirect interest in one PEL offshore Namibia in the Walvis Basin (PEL 82), and one PEL onshore Namibia in the Waterberg Basin (PEL 103);
direct interests in two offshore blocks in Uruguay, being AREA OFF-1 in the Punta del Este Basin and AREA OFF-3 in the Pelotas Basin (these interests became part of the Sintana portfolio on completion of the acquisition of the Challenger Group on 16 December 2025);
a 5% indirect interest in the KON-16 licence in the onshore Kwanza Basin in Angola (subject to completion of the transaction to acquire that interest, which was entered into by Sintana in May 2025, with completion expected in H1 2026); and
legacy assets onshore in the Middle Magdalena Basin, Colombia, and offshore in the territorial waters of The Bahamas.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): | |||||||||||||||
510,357,210 common shares of no-par value represented by depositary interests
No restrictions as to transfer of the securities and no shares held in treasury.
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CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: | |||||||||||||||
No capital being raised on admission.
Anticipated market capitalisation on admission: £111 million
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: | |||||||||||||||
15.2%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: | |||||||||||||||
Sintana's shares are traded on the TSX Venture Exchange ("TSXV") under the symbol "SEI", and on the OTCQX market in the United States of America under the symbol "SEUSF".
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THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N) | |||||||||||||||
N
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): | |||||||||||||||
Keith Dean Spickelmier, Non-Executive Chairman Arjun Robert Bose, Chief Executive Officer and Executive Director Eytan Michael Uliel, President and Executive Director Iain Charles McKendrick, Senior Independent Non-Executive Director Douglas Glenn Manner, Non-Executive Director Knowledge Raymond Katti, Non-Executive Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): | |||||||||||||||
(1)Mr Arjun Robert Bose is the managing member of Charlestown Energy Partners LLC
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: | |||||||||||||||
Boudicca Proxy Limited Chun Law Professional Corp Kroll Associates U.K. Limited MUFG Corporate Markets SW Legal Limited Stifel Nicolaus Europe Limited
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: | |||||||||||||||
(i) 31 December (ii) unaudited interim results for the six-month period ending 30 June 2025 incorporated by reference (iii) Annual audited results for the year ending 31 December 2025 published by 30 June 2026; interim unaudited results for the six-month period ending 30 June 2026 published by 30 September 2026; and annual audited results for the year ending 31 December 2026 published by 30 June 2027
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EXPECTED ADMISSION DATE: | |||||||||||||||
23 December 2025
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NAME AND ADDRESS OF NOMINATED ADVISER: | |||||||||||||||
Zeus Capital Limited 82 King Street, Manchester, M2 4WQ
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NAME AND ADDRESS OF BROKER: | |||||||||||||||
Zeus Capital Limited 82 King Street, Manchester, M2 4WQ
Cavendish Capital Markets Limited 1 Bartholomew Close, London, England, EC1A 7BL
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: | |||||||||||||||
Copies of the Admission Document be available at the Company's website (https://sintanaenergy.com/) from the date of Admission.
The admission document will contain full details about the applicant and the admission of its securities.
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THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY | |||||||||||||||
The Company is subject to the National Instrument 58-101 Disclosure of Corporate Governance Practices, which requires disclosure by the Company of its corporate governance practices and National Policy 58-201 Corporate Governance Guidelines, which sets out non-prescriptive guidelines for the adoption of certain corporate governance practices (the "Regulations"). In addition to stating compliance with the above Regulations, the Company will set out, in its admission document and on its website, the extent to which the Company complies with the principles in the QCA Corporate Governance Code.
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DATE OF NOTIFICATION: | |||||||||||||||
16 December 2025
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NEW/ UPDATE: | |||||||||||||||
Update
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