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Canadian-based oil and gas company Sintana Energy has announced its intention to list the company’s shares on the Namibian Securities Exchange.
According to the company the development signals a shift toward inclusive growth and early-stage local participation in one of Africa’s most promising frontier oil and gas markets.
In addition, the move reflects the company’s overall strategy to explore options to provide and develop liquidity for local investors, ensuring citizens are not merely spectators to the country’s hydrocarbon boom, but active participants in the value chain from the outset.
As Namibia moves toward first oil production by 2030, Sintana’s listing reinforces the importance of structuring the industry to deliver tangible benefits to citizens today. By enabling local ownership through public market access, Sintana is aligning national economic interests with upstream growth.
Meanwhile the African Energy Chamber (AEC) welcomes the listing as a strategic and forward-looking move reflecting the type of market-driven solutions needed to advance energy development across the continent.
“Sintana’s listing is a powerful example of how Africa’s energy sector can be structured to deliver real, immediate benefits to its people. Namibia is showing that local ownership does not have to wait until production – it can and should begin at the exploration stage. This is the kind of leadership and innovation we need to see across the continent,” said NJ Ayuk, Executive Chairman, AEC.
Sintana Energy also holds a 7.4 percent indirect carried interest in PEL 87 – home to Blocks 2713A and 2713B, operated by Pancontinental Energy.
In March 2026, the partners received government approval to extend the First Renewal Exploration Period by 12 months to January 22, 2027. During this period, the partners will undertake an Environmental Impact Assessment, reprocess 3D seismic data and interpretation and drill an exploration well.
Furthermore, in the Walvis Basin, Sintana Energy signed a Letter of Intent for a period of exclusivity for an indirect interest in PEL 37 – currently owned and operated by Paragon Oil and Gas. Under the agreement, Sintana has until April 30, 2026 to undertake technical, commercial and legal due diligence on Paragon and PEL 37, with a view to potentially farm-into the asset.
