Sintana Energy Inc.

Sintana Energy has extended the exploration timetable for its AREA OFF-1 block in Uruguay by one year after Chevron split its 3D seismic programme into two seasons to accommodate a government-mandated fishing break. The first season is complete and being processed, the second begins at year-end, with a well decision still expected around September 2027 and drilling targeted for 2028. In Argentina, the company has spent more than 18 months pursuing a private initiative to secure a licence over the CAN-200 offshore block, and a government decree has now opened the block to international tender, with Sintana holding a preferred position that gives it the right to match any competing bid. President Eytan Uliel also flagged strong farm-out momentum at AREA OFF-3, Sintana's 100%-held second Uruguay block, where a farm-out is expected to close by year-end, with QatarEnergy and Chevron active on adjacent acreage. Uliel described an active six to twelve months ahead across the company's Latin American portfolio, which also includes Namibia and Angola.

Zephyr Energy has expanded its Utah land position by adding another 2,294 acres in the Paradox Basin, bringing its total operated position to more than 72,000 gross acres. Sintana Energy is heading into a busy second half with multiple wells planned across its Namibia and Uruguay portfolio, while its Mopane resource has been upgraded 57% to 1.38 billion barrels of oil equivalent. Genel Energy has agreed to buy Capricorn Energy in a recommended cash deal valuing Capricorn at around $360 million, a 34% premium that adds Egyptian production to Genel's Kurdistan operations. Supermarket Income REIT has completed a £445 million refinancing, cutting borrowing costs and pushing out its average debt maturity to 3.8 years, with no debt maturing until June 2028.