Board of Directors approve 2024 incentive awards

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TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Sintana Energy Inc. reported… (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) announced that its Board of Directors has approved the grant of an aggregate value of 6.5 million incentive awards consisting of 3.9 million common stock options and 2.6 million restricted stock units for various Directors and officers of the company and four other parties. The options have an exercise price of C$1.23, vest in three equal tranches over the next 24 months and will expire on December 13, 2034.

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“2024 was Mopan’s year, offering Centana and its shareholders the opportunity to capitalize on one of the world’s most important offshore discoveries. This was a game changer for the basin and for Centana,” said Robert Buss, CEO.

About Sentana Energy:

The company is engaged in oil and natural gas exploration and development activities in five large onshore and offshore oil exploration licenses in Namibia, as well as in the Magdalena Basin in Colombia.

On behalf of Sentana Energy,
“Robert Boss.”
chief executive officer

For additional information or to register to receive periodic updates about Sentana projects and company activities, please visit the company’s website at www.sintanaenergy.com

Forward-looking statements

Certain information in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions for the future, and include, without limitation, statements regarding potential future farm-in agreements for PEL 83 and/or PEL 87, and future exploration and development activities. The proposed PEL 83 and/or PEL 90 and adjacent properties, as well as the future nature of the Company’s real estate interests. These statements are subject to risks and uncertainties that could cause actual results, performance or developments to differ materially from those contained in the statements, including, without limitation, risks related to the receipt of all applicable regulatory approvals and the results of exploration and development activities. and the ability to find joint venture partners, exploration financing, governmental permits and approvals and other risks identified in the Company’s public disclosure documents from time to time. Readers are cautioned that the assumptions used in preparing this information, although considered reasonable at the time of preparation, may prove to be inaccurate and, therefore, undue reliance should not be placed on forward-looking statements. The Company undertakes no obligation to update this information, except as required by law.

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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