Sintana Energy highlights robust position as Atlantic Margin assets advance

Energy Oil & Gas Written by: Jamie Ashcroft 07:43 Thu 27 Aug 2026 --> Proactive has a commercial relationship with Sintana Energy Inc. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Sintana Energy Inc ( TSX-V:SEI OTCQB:SEUSF AIM:SEI ) View Price & Profile Sintana Energy highlights robust position as Atlantic Margin assets advance Published: 07:43 27 Aug 2026 BST Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) noted its cash balance rose to US$15.5 million at the end of June, giving the Atlantic Margin explorer funding for its currently committed activities over the next 12 months as several drilling and seismic catalysts approach. The explorer, in its interim results statement, reported it ash increased from US$10.3 million at the end of 2025 after the company completed an US$11.5 million gross fundraising in May. Sintana remains debt-free and also has access to an undrawn US$4 million working-capital facility. A further US$6 million is expected from ExxonMobil before year-end, subject to Colombian government approvals relating to the VMM-37 settlement. The group's second-quarter net loss widened to US$3.1 million from US$2.2 million, mainly as exploration expenditure increased to US$385,000 and general and administrative costs rose 79% to US$3.7 million following the acquisition of Challenger Energy. A US$951,000 foreign-exchange gain partly offset the increase. Operationally, TotalEnergies' move into Namibia's PEL 83 is expected to pave the way for a three-well exploration and appraisal campaign at Mopane through 2027, targeting a final investment decision in 2028. Chevron is also planning the Nabba-1X exploration well on PEL 90 in the fourth quarter of 2026, while fast-track seismic results from Uruguay's AREA OFF-1 licence are expected in the same quarter. Sintana is separately working to complete its acquisition of an indirect 35% interest in Namibia's PEL 37 during 2026, under a US$6.5 million transaction announced earlier this month. Continue reading