The Orange Basin oil and gas discoveries have propelled Sintana Energy to the pole TSX Venture position out of 50 other companies.
Sintana Energy owns an indirect interest in the PEL 83 exploration campaign led by Galp Energia (80%), Namcor (10%) and Custos (10%).
Custos Energy is 49% indirectly owned by Sintana Energy.
Sintana Energy CEO Robert Bose said the company’s recent successes in the Orange Basin demonstrate the timeliness of their entry into Namibia and have dramatically transformed their portfolio from a group of as-yet-unknown options to a high-potential indirect interest in a world-class discovery, enhanced by a considerable number of further prospects and options.
“We’re thrilled to be the top energy performer in the 2024 TSX Venture 50. We thank the TMX-Group for supporting our growth and progress,” Bose said.
Sintana Energy’s entry into Namibia in Q1 2022 positioned the company at the centre of the world’s next great emerging hydrocarbon province. Since then, over 11 billion barrels of original oil-in-place have been discovered by TotalEnergies and Shell in offshore exploration blocks in the Orange Basin that are directly adjacent to those in which Sintana Energy maintains an indirect interest.
In January 2024, Sintana Energy announced two significant light oil discoveries in the Mopane- 1X exploration well in which Sintana has an indirect interest.
These discoveries underscore the region’s vast potential, with resources estimated at up to 10 billion barrels of original oil in place in the Mopane prospect alone.
The TSX Venture (2024 Venture 50TM ranking highlights the top-performing companies driving growth across their respective sectors.
The TSX Venture 50 annually ranks the top-performing from the past year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. Sintana is the top-performing company in the energy sector.
TSX Venture 50 recognizes the top 10 companies from each of five sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology.
The companies are ranked based on three equally weighted criteria: share price appreciation, market capitalization growth, and trading value.
The 50 companies on the 2024 TSX Venture 50 list had a combined market capitalization of $23.1 billion, an increase of over $7.5 billion throughout 2023.
