Who We Are
Sintana Energy is focused on the acquisition, exploration, potential development, and ultimately the monetisation of a diversified portfolio of interests in high-impact assets with significant hydrocarbon resource potential in emerging “frontier” geographies.
Our portfolio currently comprises of:
- Indirect interests in 4 large, highly prospective petroleum exploration licences (“PELs“) in the Orange Basin, offshore Namibia, including an indirect carried interest in PEL 83, home of the world class Mopane discoveries that were made in 2023 and 2024, as well as indirect interests in PELs 79, 87 and 90;
- Indirect interest in one PEL offshore Namibia in the Walvis Basin (PEL 82), and one PEL onshore Namibia in the Waterberg Basin (PEL103);
- 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;
- Indirect interest in the KON-16 licence in the onshore Kwanza Basin in Angola
- Legacy assets onshore in the Middle Magdalena Basin, Colombia, and offshore The Bahamas.
Our shares are traded on TSX-V in Canada under the symbol “SEI”, in the United Kingdom on the LSE under the symbol “SEI”, in the U.S. on the OTCQX under the symbol “SEUSF”.
BUSINESS HIGHLIGHTS
A diversified portfolio
- We hold interests in 9 licences in three countries, Namibia, Uruguay and Angola (and legacy assets in Colombia and The Bahamas). This provides diversified exposure to a range of geologic plays, basins, operators, regulators, jurisdictions and geopolitical regimes. The portfolio is anchored by an interest in the significant discoveries at Mopane (PEL 83, Orange Basin, Namibia), together with additional high-impact exploration catalysts across multiple other assets.
Exposure to near-term high value activity
- Our portfolio is currently focussed on Namibia and Uruguay – both jurisdictions considered to be global exploration “hot spots”, where significant exploration activity, including seismic campaigns and well drilling, is expected to continue over the next 24 months.
Established partnerships in place
- In Namibia, we hold interests in licences benefitting from established partnerships with well-regarded operators including Chevron, TotalEnergies, Galp, Pancontinental and NAMCOR. In Uruguay, we are partnered with Chevron on the AREA OFF-1 block and in Angola, we are partnered with Corcel on the KON-16 block.
Reduced capital exposure through carries
- Our strategy is to create and maintain a portfolio of interests that are predominantly carried through exploration, appraisal and development by experienced, international operators, thereby providing Shareholders with exposure to projects and prospects where comparatively limited capital is required from Sintana. Currently, we benefit from full or partial carried interest positions in relation to four of our five offshore licence interests in Namibia (including on PEL 83 where the Mopane discoveries have been made), as well as on AREA OFF-1 in Uruguay.
Execution capability
- We have strong technical and commercial capabilities that can be brought to bear on managing our portfolio and ultimately creating significant returns. In particular, we have a board and management team with deep sector experience and expertise.
Scale and funding efficiency
- We represent a scaled, differentiated player in the “small-cap” exploration space, with significant carry support on key licences, a strong balance sheet, and a proven ability to access capital as and when required or opportune.
Potential realisation opportunities
- Our portfolio provides exposure to highly prospective exploration prospects and, in the case of Mopane, discoveries of significant scale. The resulting ability to potentially realise multiple value uplifts from prospect to discovery via monetisation (including sale or divestment of key assets) significantly enhances the opportunities for shareholder returns.