Sintana Energy Inc. · TSXV:SEI
Sintana Energy — Merger or Acquisition (October 2025)
10 slides from Sintana Energy's merger presentation, Oct 9, 2025
Slide 1: Creating an Atlantic-margin focused oil and gas exploration “champion”
+ Creating an Atlantic-margin focused oil and gas exploration “champion” 9 October 2025 cegplc.com sintanaenergy.com
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION MAY NOT BE DOWNLOADED, DISTRIBUTED OR REPRODUCED IN ANYWAY BY ANY PERSON EITHER IN WHOLE OR IN PART WHERE TO DO SO WOULD OR MAY CONSTITUTE A BREACH OF ANY APPLICABLE LOCAL LAWS OR REGULATIONS. This presentation (“Presentation”) has been prepared by Sintana Energy Inc (“S
Slide 3: Transaction overview
Transaction overview Recommended all share offer for Challenger Energy Group plc (“CEG”) by Sintana Energy Inc. (“Sintana”) Company Highlights • Sintana is a TSXV-quoted oil and gas exploration company with a primary portfolio of assets in Namibia, including a 4.9% indirect interest in the Mopane di
Slide 4: A compelling transaction unlocking scale, diversification and growth
A compelling transaction unlocking scale, diversification and growth Complementary businesses creating an Atlantic-margin focused oil and gas exploration “champion” A diversified and opportunity rich portfolio of high-impact exploration assets in Namibia and Uruguay with significant carry support on
Slide 5: Experienced team to deliver growth
Experienced team to deliver growth Leveraging the combined skills and capabilities of Sintana and CEG for the benefit of the combined group and its shareholders, with a strong combination of experience, independence, and governance Proposed Sintana Board on Admission of the Enlarged Group • Robert B
Slide 6: Geological context
Geological context During the Early Cretaceous Aptian (~ 120 million years ago), the African and South American plates “unzippered”, or separated, from south to north, creating a narrow marine restricted seaway, optimal for deposition of oil prone source rock material. The continents then drifted ap
Slide 7: Combined key asset portfolio
Combined key asset portfolio Exposure to complementary exploration potential Namibia offshore, Orange Basin Licenses • PEL 83 – 4.9% indirect interest, Galp operator • PEL 87 – 7.35% indirect interest, Pancontinental operator KON-16(1) • PEL 90 – 4.9% indirect interest, Chevron operator • PEL 79 – 1
Slide 8: Namibia: a global exploration “hotspot”
Namibia: a global exploration “hotspot” • Recent successes: significant world-class discoveries by TotalEnergies, Shell and Galp have ignited activity • Discoveries appraised: operators have completed drill stem tests (DST) confirming the high reservoir quality of the discoveries • Development plann
Slide 9: Uruguay is a new global exploration “hotspot”
Uruguay is a new global exploration “hotspot” The geological significance of Namibian discoveries has led to Uruguay becoming an exploration “hotspot” in under 3 years, Uruguay’s offshore has gone from zero to fully licenced and, with the exception of CEG, all to supermajors/NOCs • CEG was the first
Slide 10: Key high level near-term catalysts
Key high level near-term catalysts Permit / H1/24 H2/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 AREA Acquired Extended Evaluate Data & Plan Future Drilling PEL 79 16.7% in PEL Evaluate Data & Plan Work Programs 2nd term for Programs 79 12 months Evaluate Data & Plan Work PEL 82 Chevron Acquired 80% Eval
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