Sintana Energy acquires stake in Walvis Basin oil block
Sintana Energy has signed an agreement to buy 44% of Maravilla Oil and Gas for N$105 million, giving it a stake in petroleum exploration licence 37 in the Walvis Basin. The transaction includes cash and newly issued Sintana shares, with independent directors having verified the acquisition price is fair despite Knowledge Katti's involvement in both the buying and selling companies.
21 August 2026 · The Namibian →