Sintana Energy Inc. has appointed IJG Securities as its sponsor and corporate adviser and begun discussions with the Namibia Securities Exchange (NSX) as it seeks a potential listing on the local bourse.
The company, which is already listed on the TSX Venture Exchange, the London Stock Exchange and the OTCQX market, said the proposed move forms part of plans to broaden participation in Namibia’s emerging oil and gas sector.
“Subsequent to the admission, the Company intends to explore options to provide and develop liquidity for local Namibian investors,” Sintana said.
Director of Sintana and Chairman of Custos Energy, Knowledge Katti, said the planned listing is aimed at expanding local ownership in the country’s natural resources.
“It has always been my vision to see Namibians – especially our youth – become true participants in the wealth that lies beneath our own soil and waters. Sintana’s listing on the Namibia Securities Exchange is the realisation of that vision. 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,” he said.
“We are proud that this initiative stands in full alignment with the government’s Sixth National Development Plan (NDP6), particularly its focus on youth empowerment and wealth creation for all Namibians – especially our most vulnerable communities. 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.”
Sintana Chief Executive Officer Robert Bose said Namibia has been central to the company’s growth and that the listing would allow local investors to participate directly in its offshore portfolio.
“Namibia has 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 in the evolution of Namibia’s energy industry. With upcoming activity across our offshore portfolio, we are keen to become the first oil and gas company to provide Namibians the opportunity to invest directly in the opportunity and significant upcoming developments.”
NSX Chief Executive Officer Tiaan Bazuin said the exchange is positioning itself as a platform to broaden ownership of the country’s resource base.
“The NSX stands ready as conduit for Namibians to be part of the shareholding in our natural resources. We look forward to welcoming Sintana Energy to the NSX and encourage all sectors to open their shareholding base to their employees, the Namibian public, and our institutions. Our goal is dual fold, to deepen and diversify the investing universe for all Namibians.”
Sintana holds a portfolio of petroleum exploration interests across Namibia, including indirect stakes in four licences in the Orange Basin, among them PEL 83, which hosts the Mopane discoveries made in 2023 and 2024.
The company also has interests in PEL 79, 87 and 90 offshore, PEL 82 in the Walvis Basin, and PEL 103 onshore in the Waterberg Basin.
