Pel 90 – qatarenergy farm-in

Toronto, dec. 16, 2024 (globe newswire) -- sintana energy inc. (tsx-v: sei, otcqb: seusf) (“sintana” or the “company”) is pleased to announce the entry of qatarenergy into the petroleum exploration license 90 (“pel 90”) joint venture through its acquisition of a 27.5% working interest in the petroleum exploration license and petroleum agreement associated with block 2813b operated by harmattan energy limited, an indirect subsidiary of chevron corporation (“chevron harmattan”). upon completion of the acquisition the license owners will be 52.5% chevron harmattan as operator, 27.5% qatarenergy, 10% national petroleum corporation of namibia (“namcor”) and 10% trago energy, a wholly owned subsidiary of custos energy (pty) ltd. (“custos”). sintana maintains a 49% indirect interest in custos.
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