Sintana Energy Inc - Calgary, Alberta-registered oil explorer in Namibia and Uruguay - Starts trading AIM in London on Tuesday, following its £45 million acquisition of local listing Challenger Energy Group PLC. Sintana says it starts trading in London with a £128 million market capitalisation. The company already is listed in Canada and the US, where it closed up 13% at C$0.47 and up 12% at $0.34 on Monday. Its shares are quoted at 26.50 pence each late Tuesday morning in London.
Sintana has indirect interests in four petroleum exploration licences offshore Namibia, one onshore Namibia, and the two offshore Uruguay from Challenger. Sintana also has a pending interest onshore Angola, as well as legacy assets onshore Colombia and offshore The Bahamas.
‘With listings and high-impact exploration interests on both sides of the Atlantic, the enlarged Sintana is positioned to attract and deliver for a wider range of shareholders going forward,’ Chief Executive Officer Robert Bose says.
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