Sintana Energy Inc. Provides Update on Conditions and Timetable

About this update from Sintana Energy Inc.

[{"type":"text","content":"Sintana Energy Inc. Provides Update on Conditions and Timetable\n\n\n\n TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“\n \n Sintana\n \n ” or the “\n \n Company\n \n ”) announces that on October 9 2025, the board of Sintana (TSXV: SEI) and the Independent Challenger Directors announced they had reached agreement on the terms of a recommended acquisition by Sintana for the entire issued and to be issued ordinary share capital of Challenger (the \"\n \n Acquisition\n \n \"), to be implemented by way of a Court-sanctioned scheme of arrangement under Part IV (section 152) of the Isle of Man Companies Act 1931 as amended from time to time (the “\n \n Scheme\n \n ”).\n \n\n The circular in relation to the Scheme (the “\n \n Scheme Document\n \n ”) was sent to Challenger Shareholders on 3 November 2025. Terms used but not otherwise defined in this announcement shall have the meanings given to them in the Scheme Document.\n \n\n On 26 November 2025, Challenger announced that the Scheme had been approved by the requisite majority of Scheme Shareholders at the Court Meeting held on that date and that the Special Resolution relating to the implementation of the Scheme had been approved by the requisite majority of Challenger Shareholders at the General Meeting also held on that date.\n \n\n The Acquisition is subject to the conditions set out in Part 3 of the Scheme Document.\n \n\n ANCAP has now provided its written consent to the Acquisition under the terms of the ANCAP Licences (the “\n \n ANCAP Condition\n \n ”). Sintana has therefore confirmed that the ANCAP Condition has now been satisfied. Further, an exempt transaction notice was made by Challenger and not objected to by Chevron under the terms of the Chevron JOA.\n \n\n Completion of the Acquisition remains subject to receipt by Sintana of the final approval of the Acquisition by the TSXV (the “\n \n TSXV Condition\n \n ”), which is expected in the near term.\n \n\n\n Next steps and updated timetable\n \n\n\n The Scheme remains subject to certain other conditions, including sanction by the Court at the Court Sanction Hearing, which was scheduled for earlier today, 9 December 2025, and the delivery of a copy of the Court Order to the Companies Registry.\...

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