REG - AIM Sintana Energy Inc - Schedule One Update - Sintana Energy Inc

Sintana EnergyAnnouncement

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RNS Number : 8177L  AIM  16 December 2025

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:

 Sintana Energy Inc. ("Sintana" or the "Sintana Group" or the "Company")

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :

 Registered Office Address

 3300, 421 7th Avenue S.W., Calgary, Alberta, Canada T2P 4K9

 Trading Address:

 Office 4.01, 88 Kingsway, London, United Kingdom WC2B 6AA

 COUNTRY OF INCORPORATION:

 Alberta, Canada

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

 https://sintanaenergy.com/
 (https://url.uk.m.mimecastprotect.com/s/O2H-CkrjKTPEBJ14T2foFG80HG?domain=sintanaenergy.com/)

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:

 Sintana is the Canadian parent company of a group of companies focused on the
 acquisition, exploration, potential development and ultimately the
 monetization of a portfolio of direct and indirect interests in high-impact
 assets with significant hydrocarbon resource potential in prospective
 "frontier" geographies.

 Specifically, this includes interests in eight licences in two countries,
 Namibia and Uruguay, as well as a pending indirect interest in a licence in
 Angola (and legacy assets in The Bahamas and Colombia), thus providing
 diversified exposure to a range of geologic plays, basins, operators,
 regulators and geopolitical regimes. The portfolio is anchored by an indirect
 interest in the significant discoveries in the Mopane Complex (contained in
 Petroleum Exploration License 83 in the Orange Basin, Namibia), together with
 additional high-impact exploration catalysts across multiple other assets.

 Sintana's portfolio currently comprises of:

 indirect interests in four large, highly prospective petroleum exploration
 licences ("PELs") in the Orange Basin, offshore Namibia, including an indirect
 4.9% carried interest in PEL 83, home of the Mopane discoveries that were made
 in 2023, as well as indirect interests in PELs 79, 87 and 90;

 an indirect interest in one PEL offshore Namibia in the Walvis Basin (PEL 82),
 and one PEL onshore Namibia in the Waterberg Basin (PEL 103);

 direct interests in two offshore blocks in Uruguay, being AREA OFF-1 in the
 Punta del Este Basin and AREA OFF-3 in the Pelotas Basin (these interests
 became part of the Sintana portfolio on completion of the acquisition of the
 Challenger Group on 16 December 2025);

 a 5% indirect interest in the KON-16 licence in the onshore Kwanza Basin in
 Angola (subject to completion of the transaction to acquire that interest,
 which was entered into by Sintana in May 2025, with completion expected in H1
 2026); and

 legacy assets onshore in the Middle Magdalena Basin, Colombia, and offshore in
 the territorial waters of The Bahamas.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):

 510,357,210 common shares of no-par value represented by depositary interests

 No restrictions as to transfer of the securities and no shares held in
 treasury.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:

 No capital being raised on admission.

 Anticipated market capitalisation on admission: £111 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 15.2%

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

 Sintana's shares are traded on the TSX Venture Exchange ("TSXV") under the
 symbol "SEI", and on the OTCQX market in the United States of America under
 the symbol "SEUSF".

 THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)

 N

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):

 Keith Dean Spickelmier, Non-Executive Chairman

 Arjun Robert Bose, Chief Executive Officer and Executive Director

 Eytan Michael Uliel, President and Executive Director

 Iain Charles McKendrick, Senior Independent Non-Executive Director

 Douglas Glenn Manner, Non-Executive Director

 Knowledge Raymond Katti, Non-Executive Director

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):

                                      Immediately prior to Admission  As at Admission
 Shareholder                           Percentage of Common Shares     Percentage of Common Shares
 Charlestown Energy Partners LLC((1))  5.55%                           4.97%
 Knowledge Raymond Katti               5.90%                           4.41%
 Perga Capital Partners LP             5.87%                           4.94%

( )

 ((1)())Mr Arjun Robert Bose is the managing member of Charlestown Energy
 Partners LLC

 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:

 Boudicca Proxy Limited

 Chun Law Professional Corp

 Kroll Associates U.K. Limited

 MUFG Corporate Markets

 SW Legal Limited

 Stifel Nicolaus Europe Limited

 (i)         ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:

 (i)         31 December

 (ii)        unaudited interim results for the six-month period ending
 30 June 2025 incorporated by reference

 (iii)       Annual audited results for the year ending 31 December 2025
 published by 30 June 2026; interim unaudited results for the six-month period
 ending 30 June 2026 published by 30 September 2026; and annual audited results
 for the year ending 31 December 2026 published by 30 June 2027

 EXPECTED ADMISSION DATE:

 23 December 2025

 NAME AND ADDRESS OF NOMINATED ADVISER:

 Zeus Capital Limited

 82 King Street,

 Manchester,

 M2 4WQ

 NAME AND ADDRESS OF BROKER:

 Zeus Capital Limited

 82 King Street,

 Manchester,

 M2 4WQ

 Cavendish Capital Markets Limited

 1 Bartholomew Close,

 London,

 England,

 EC1A 7BL

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:

 Copies of the Admission Document be available at the Company's website
 (https://sintanaenergy.com/
 (https://url.uk.m.mimecastprotect.com/s/O2H-CkrjKTPEBJ14T2foFG80HG?domain=sintanaenergy.com/)
 ) from the date of Admission.

 The admission document will contain full details about the applicant and the
 admission of its securities.

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

 The Company is subject to the National Instrument 58-101 Disclosure of
 Corporate Governance Practices, which requires disclosure by the Company of
 its corporate governance practices and National Policy 58-201 Corporate
 Governance Guidelines, which sets out non-prescriptive guidelines for the
 adoption of certain corporate governance practices (the "Regulations"). In
 addition to stating compliance with the above Regulations, the Company will
 set out, in its admission document and on its website, the extent to which the
 Company complies with the principles in the QCA Corporate Governance Code.

 DATE OF NOTIFICATION:

 16 December 2025

 NEW/ UPDATE:

 Update

( )

((1)())Mr Arjun Robert Bose is the managing member of Charlestown Energy
Partners LLC

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

 

Boudicca Proxy Limited

Chun Law Professional Corp

Kroll Associates U.K. Limited

MUFG Corporate Markets

SW Legal Limited

Stifel Nicolaus Europe Limited

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

 

(i)         31 December

(ii)        unaudited interim results for the six-month period ending
30 June 2025 incorporated by reference

(iii)       Annual audited results for the year ending 31 December 2025
published by 30 June 2026; interim unaudited results for the six-month period
ending 30 June 2026 published by 30 September 2026; and annual audited results
for the year ending 31 December 2026 published by 30 June 2027

 

EXPECTED ADMISSION DATE:

 

23 December 2025

 

NAME AND ADDRESS OF NOMINATED ADVISER:

 

Zeus Capital Limited

82 King Street,

Manchester,

M2 4WQ

 

NAME AND ADDRESS OF BROKER:

 

Zeus Capital Limited

82 King Street,

Manchester,

M2 4WQ

 

Cavendish Capital Markets Limited

1 Bartholomew Close,

London,

England,

EC1A 7BL

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

 

Copies of the Admission Document be available at the Company's website
(https://sintanaenergy.com/
(https://url.uk.m.mimecastprotect.com/s/O2H-CkrjKTPEBJ14T2foFG80HG?domain=sintanaenergy.com/)
) from the date of Admission.

 

The admission document will contain full details about the applicant and the
admission of its securities.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

 

The Company is subject to the National Instrument 58-101 Disclosure of
Corporate Governance Practices, which requires disclosure by the Company of
its corporate governance practices and National Policy 58-201 Corporate
Governance Guidelines, which sets out non-prescriptive guidelines for the
adoption of certain corporate governance practices (the "Regulations"). In
addition to stating compliance with the above Regulations, the Company will
set out, in its admission document and on its website, the extent to which the
Company complies with the principles in the QCA Corporate Governance Code.

 

DATE OF NOTIFICATION:

 

16 December 2025

 

NEW/ UPDATE:

 

Update

 

 

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