Sintana Energy acquires 49% stake in Giraffe Energy Investments for $2m, gaining access to Namibia's Orange Basin offshore blocks.
Sintana Energy, an oil & gas company, has acquired 49% shares in Giraffe Energy Investments for $2m, granting a stake in Namibia's Orange Basin offshore blocks. Sintana has an option to increase ownership to 67% over 5 years for an additional $1m. Giraffe owns 33% in Petroleum Exploration License 79, which covers blocks 2815 & 2915, operated by BW Energy, Rhino Resources, & Shell.
June 10, 2024
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