Sintana Provides Update for PEL 87

TORONTO, March 17, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) provides the following update regarding developments associated with blocks 2713A and 2713B located in Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 87 (“PEL 87”) which is operated by Pancontinental Orange Pty Ltd., a subsidiary of Pancontinental Energy NL (ASX:PCL) (“Pancontinental”), who maintains a 75% interest in PEL 87. Additionally, Custos Investments (Pty) Ltd. (“Custos”) maintains a 15% interest and the National Petroleum Corporation of Namibia (“NAMCOR”) maintains a 10% interest. Sintana has a 49% indirect interest in Custos.

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