News listings

energy-pedia farmouts/divestments

Namibia flagNamibia

Middle East / Africa >>> Namibia

Namibia: Sintana Energy completes acquisition of interest in Giraffe Energy

10 Jun 2024

Photo - see caption

Sintana Energy has closed its previously announced (April 24 Release) acquisition of an initial 49% interest in Giraffe Energy Investments, pursuant to a definitive agreement dated effective April 24, 2024 with Crown Energy and Giraffe. Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 ('PEL 79') which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. The National Petroleum Corporation of Namibia is currently the operator with a 67% interest in PEL 79. 

The Company acquired its initial 49% interest in Giraffe for cash consideration of US$2 million. Sintana retains an option to increase its ownership up to 67% of Giraffe anytime over the 5 years following closing based on the shares issued and outstanding at the time of the option exercise for an additional cash payment at the time of exercise of US$1 million. For further details regarding the transaction and PEL 79, please refer to the press release of the Company dated April 24, 2024 available on SEDAR+ at

Photo - see caption

Original announcement link

Source: Sintana Energy

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 232

Completed Deals

Completed Upstream Deals: 6585

Company Profiles

Current Company Profiles: 2914

Corporate Activity

Current Corporate Activity articles: 4157

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1663


Current Geostudies articles: 974

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Government of South Australia
Telos NRG
Union Jack Oil 149
Rose & Assocs
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675