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Sintana Energy Inc. Announces VMM-37 Resolution
TORONTO, ON / ACCESS Newswire / February 3, 2026 / Sintana Energy Inc. (TSX-V:SEI)(AIM:SEI)(OT...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Sintana Energy Inc. Announces VMM-37 ResolutionTORONTO, ON / ACCESS Newswire / February 3, 2026 / Sintana Energy Inc. (TSX-V:SEI)(AIM:SEI)(OTCQX:SEUSF) (\"Sintana\" or the \"Company\") is pleased to announce that its subsidiaries, Patriot Energy Oil and Gas Inc. and Patriot Energy Sucursal Colombia (\"Patriot\"), have successfully reached agreement to resolve the previously announced arbitration against ExxonMobil Exploration Colombia Limited and ExxonMobil Exploration Colombia Limited Sucursal Colombia (collectively, \"ExxonMobil\") associated with the VMM-37 block located in Colombia's Middle Magdalena Valley Basin (\"VMM-37\").Pursuant to such resolution: Patriot and ExxonMobil have agreed to dismiss the current arbitration; Patriot has agreed to conditionally assign all of its rights and interests associated with VMM-37 to ExxonMobil (the \"Assignment\"); and ExxonMobil has agreed to make two cash payments to Patriot, the first $3 million due within sixty (60) days of execution, and a second payment of $6 million, together with mutual releases, conditioned on approval of the Assignment by the appropriate Colombian governmental agencies, including the Agencia Nacional de Hidrocarburos and other contractual requirements.Robert Bose, Chief Executive Officer of Sintana commented \"We are pleased to bring this matter associated with our legacy position in Colombia to an initial conclusion. This outcome supports our efforts to streamline operations focusing resources on our active, high impact portfolio across the Atlantic margin.\"EnquiriesSintana Energy IncRobert Bose, Chief Executive OfficerEytan Uliel, PresidentJonathan Paterson, IRTel: +1 212 201 4125+1 475 477 9401Zeus - Nomad and Joint BrokerAntonio Bossi / Darshan Patel / George DuxberrySimon Johnson (Broking)Tel: +44 (0) 20 3829 5000Cavendish Capital Markets Limited - Joint BrokerNeil McDonald / Derrick Lee / Pearl KellieTel: +44 (0) 20 3493 8000About SintanaSintana, the Canadian parent company of a group of companies, 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. Specifically, this includes interests in eight licences in two countries, Namibia and Uruguay, as well as a pend...