Mid-Year Operational and Corporate Update

About this update from Sintana Energy Inc.

Mid-Year Operational and Corporate UpdateTORONTO, ON / ACCESS Newswire / July 2, 2026 / Sintana Energy Inc. (TSXV:SEI)(AIM:SEI)(OTCQX:SEUSF) ("Sintana" or the "Company") an international upstream oil and gas exploration company, is pleased to provide a mid-year operational and corporate update covering the six-month period to 30 June 2026.Over the past six months, there have been multiple tangible achievements across Sintana's entire portfolio. These milestones have been supplemented by a number of value-positive developments across surrounding blocks and jurisdictions, reflecting the quality and strategic positioning of the Company's asset base.Sintana's management therefore believes that, in aggregate, the Company is delivering precisely in line with its stated commitments. A number of important value catalysts are anticipated in the coming six-month period.Robert Bose, Chief Executive Officer of Sintana Energy said:"The first half of 2026 has been a period of substantial delivery across every pillar of our business. From the TotalEnergies farm-in and resource upgrade at PEL 83 in Namibia, to the completion of the first season of 3D seismic acquisition at AREA OFF-1 in Uruguay, to the corporate housekeeping that leaves us fully funded and operationally ready, we are doing exactly what we said we would do. We remain focused on continuing to deliver against our commitments, and look forward to a second half that we anticipate will see a number of further important milestones reached across the portfolio."NAMIBIASintana's core Namibian portfolio has seen several material milestones achieved during the period.PEL 83 (Orange Basin)TotalEnergies farm-in announced: TotalEnergies farm-in to PEL 83 was announced, which once completed will encompass TotalEnergies assuming operatorship, undertaking a fully carried three well exploration and appraisal campaign (expected to commence in 2H 2026), and providing a clear pathway to a Final Investment Decision (FID) (target 2028), development of the Mopane project, and first oil (target 2032).57% resource upgrade: Galp Energia announced a 57% resource upgrade for PEL 83's Mopane project, materially increasing the independently assessed scale of the asset. The previously reported 3C contingent resource of 875 mmboe (gross) was upgraded to 1.38 bnboe (gross; Sintana's 4.9% indirect interest ~67 mmboe).Value guidance: Data ...

View stock analysis, news, and events for Sintana Energy Inc.