Sintana Energy targets next Namibian offshore growth phase through Maravilla deal

Sintana Energy CEO Robert Bose joined Steve Darling from Proactive to discuss the company’s agreement to acquire a 44% interest in Maravilla Oil and Gas, a privately held Namibian exploration company focused on high-impact energy opportunities across West Africa. The transaction provides Sintana with indirect exposure to Petroleum Exploration License 37 (PEL 37) offshore Namibia, one of the largest and most prospective exploration licenses in the Walvis Basin. Maravilla owns an 80% controlling interest in Paragon Oil and Gas, which holds a 100% operated interest in PEL 37. Through its investment in Maravilla, Sintana will gain an indirect 35% interest in the offshore license. PEL 37 covers approximately 17,295 square kilometres in relatively shallow offshore waters ranging from 100 to 1,500 metres in depth. The block benefits from extensive technical work already completed, including more than 2,800 square kilometres of 3D seismic coverage, approximately 1,000 kilometres of 2D seismic data, and historical drilling activity. Multiple large fan structures have been identified above a proven oil-prone Aptian source rock, creating what management believes is a compelling exploration opportunity. A key attraction for Sintana is PEL 37’s strategic location adjacent to acreage where major international energy companies are preparing for future exploration activity. The license sits near PEL 82, operated by an affiliate of Chevron, where Sintana already has indirect exposure through its 49% ownership stake in Custos Energy. Chevron has indicated that exploration activities, including a potential inaugural exploration well, could take place in 2027. On PEL-83 and the Mopane discovery, Bose says both Galp and Total have publicly indicated a crescendo of activity beginning in late Q4, comprising an initial three-well exploration and appraisal programme. The programme is aimed at adding volumetrics to existing discoveries and appraising wells ahead of a potential FID in 2028. Bose says the campaign appears on track based on both public statements from the operators and what Sintana sees from the inside. Bose also highlights Sintana's Uruguay position, where partners alongside Sintana include APA, ENI, Shell, and QE, describing the strategy in both countries as finding jurisdictions where opportunity scale attracts major partners and creates M&A optionality. #proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #invest #investing #PEL83 #RobertBose #GalpEnergia #SintanaEnergy #NamibiaOil #OffshoreExploration #WalvisBasin #OilAndGas #EnergyStocks #WestAfricaEnergy #PEL37 #EnergyInvestment #ResourceInvesting