REG - Sintana Energy Inc - VMM-37 Resolution

Sintana EnergyAnnouncement

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RNS Number : 6006R  Sintana Energy Inc  04 February 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

4 February 2026

 

Sintana Energy, Inc.

("Sintana" or "the Company")

 

Sintana Announces VMM-37 Resolution

 

Sintana Energy Inc. (TSXV: SEI, AIM: SEI, OTCQX: SEUSF) (the "Company" or
"Sintana") 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."

For further information, please contact:

 

 Sintana Energy Inc                                Tel: +1 212 201 4125

 Robert Bose, Chief Executive Officer

 Eytan Uliel, President

 Zeus - Nomad and Joint Broker                     Tel: +44 (0) 20 3829 5000

 Antonio Bossi / Darshan Patel / George Duxberry

 Simon Johnson (Broking)

 Cavendish Capital Markets Limited - Joint Broker  Tel: +44 (0) 20 3493 8000

 Neil McDonald / Derrick Lee / Pearl Kellie

 Jonathan Paterson - Investor Relations            Tel: +1 475 477 9401
 jonathan.paterson@harbor-access.com
 (mailto:jonathan.paterson@harbor-access.com)

 CAMARCO - Financial PR                            Tel: +44 (0) 20 3757 4980
 Billy Clegg / Georgia Edmonds / Sam Morris

 

About Sintana

Sintana, the Canadian parent company of a group of companies, is focused on
the acquisition, exploration, potential development, and ultimately the
monetisation of a diverse 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 pending indirect interests in additional
licences in Namibia and Angola (and legacy assets in Colombia and The
Bahamas), providing exposure to a range of geologic plays, basins, operators,
regulators, jurisdictions and geopolitical regimes.

https://www.sintanaenergy.com (https://www.sintanaenergy.com/)

Forward-Looking Statements

The information provided in this announcement contains certain forward-looking
statements and information (collectively, "forward-looking statements") within
the meaning of applicable securities laws. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations and objectives
for future operations that are subject to assumptions, risks and
uncertainties, many of which are beyond the control of Sintana.
Forward-looking statements are predictive in nature, depend upon or refer to
future events or conditions, or include words such as "expect", "plan",
"anticipate", "believe", "intend", "maintain", "continue to", "pursue",
"design", "result in", "sustain" "estimate", "potential", "growth",
"near-term", "long-term", "forecast", "contingent" and similar expressions, or
are events or conditions that "will", "would", "may", "could" or "should"
occur or be achieved. The forward-looking statements contained in this
announcement speak only as of the date hereof and are expressly qualified by
this cautionary statement.

Forward-looking statements are based upon, among other things, factors,
expectations and assumptions that Sintana has made as at the date of this
announcement regarding, among other things, the receipt of all applicable
regulatory approvals and the anticipated schedule for receipt of funds
pursuant to the Settlement Agreement.

Undue reliance should not be placed on the forward-looking statements because
no assurance can be given that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These risks include, but
are not limited to, the ability of Sintana to receive all necessary regulatory
approvals and third party satisfaction of all conditions of the Settlement
Agreement.

Except as may be required by applicable securities laws, Sintana does not
assume any obligation or intent to update publicly or revise any
forward-looking statements made herein, whether as a result of new
information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

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