Canadian oil and gas explorer Sintana Energy to list on Namibia Securities Exchange

Canadian-based oil and gas exploration company Sintana Energy (TSX-V: SEI, AIM: SEI, OTCQX: SEUSF) has announced its intention to list on the Namibia Securities Exchange (NSX).

In a press statement on April 14, the company said it had engaged Namibian investment firm IJG Securities as its sponsor and corporate advisor and initiated discussions with the NSX.

Following the admission, Sintana Energy intends to explore options to provide and develop liquidity for local Namibian investors. Its strategy revolves around holding “carried interests” in major offshore licences, where the company has a stake without necessarily carrying the immediate cost of exploration and drilling, often partnering with major oil firms.

In Namibia, Sintana holds indirect interests in multiple petroleum exploration licences (PELs) in the highly prospective offshore Orange Basin and in the underexplored Walvis Basin. Sintana’s partnership with Namibian independent oil and gas company Custos Energy, founded by Knowledge Katti, is a cornerstone of its Namibian strategy. Sintana Energy holds a 49% equity interest in Custos Energy, which acts as a local partner in Namibia.

Through Custos, Sintana holds an indirect 7.35% carried interest in PEL 87, which is operated by Australian oil and gas explorer Pancontinental Energy (ASX:PCL). Custos also holds a carried interest in PEL 83 operated by TotalEnergies (EPA/NYSE/LSE:TTE), which includes the Mopane discoveries.

According to Katti, Sintana’s listing on the NSX is the realisation of his vision to see young Namibians become true participants in the country’s emerging oil and gas sector.

“This is more than a financial opportunity; it is a chance for young Namibians to diversify their futures, to build generational wealth, and to hold a direct stake in the energy story that will define our nation for decades to come,” said Katti, chairman and chief executive of Custos, who also serves as a director of Sintana Energy.

“By opening ownership of Namibia’s offshore opportunity to Namibians, we are not just listing a company - we are planting the seeds of an ownership economy, one where every young Namibian can say: this resource is mine, this future is mine, and I am invested in it,” he added.

CEO of Sintana Robert Bose noted that Namibia had been at the heart of Sintana's progress since the opening of the offshore opportunity in 2022.

“We are excited to take an overdue step to offer local Namibian investors the opportunity to join us as owners of Sintana at this pivotal time for our company and Namibia’s energy industry,” Bose said, adding that Sintana was keen to become the first oil and gas company to provide Namibians the opportunity to invest directly in the significant upcoming developments.