Sintana Energy has engaged IJG Securities as its sponsor and corporate advisor and initiated discussions with the Namibia Securities Exchange with a view to being admitted for trading on Namibia's national exchange. Subsequent to the admission, the Company intends to explore options to provide and develop liquidity for local Namibian investors.
Knowledge Katti, Director of Sintana and Chairman of Custos Energy, said: '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.
'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', he added.
Robert Bose, CEO of Sintana, said: '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 for our company and 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 offshore opportunity and significant upcoming developments.'
Tiaan Bazuin, CEO of Namibia Securities Exchange, said: '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.'
Source: Sintana Energy
