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Sintana moves to list on NSX, opens offshore oil play to Namibians

by Editor
April 14, 2026
in Oil & Gas
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Galp and partners find ‘significant column of light oil’ on Mopane-2X in the Orange Basin
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Sintana Energy Inc. has initiated plans to list on the Namibia Securities Exchange, appointing IJG Securities as sponsor and corporate advisor as it seeks to open its offshore oil and gas portfolio to local investors.

The company said on 14 April 2026 it has begun discussions with the NSX for admission to trading, with plans to develop liquidity options for Namibian investors once listed.

Sintana director and Custos Energy chairman Knowledge Katti said the move is aimed at giving Namibians, particularly young people, a direct stake in the country’s emerging offshore energy sector.

“It has always been my vision to see Namibians – especially our youth – become true participants in the wealth that lies beneath our own soil and waters. Sintana’s listing on the Namibia Securities Exchange is the realisation of that vision,” Katti said.

“This is more than a financial opportunity; it is a chance for young Namibians to diversify their futures, to build generational wealth, and to hold a direct stake in the energy story that will define our nation for decades to come.”

Katti added that the planned listing aligns with Namibia’s Sixth National Development Plan, which prioritises youth empowerment and broader wealth creation.

Chief executive Robert Bose said Namibia has been central to the company’s growth since offshore opportunities opened up in 2022, and the listing would allow local investors to participate at a critical stage of development.

“We are excited to take an overdue step to offer local Namibian investors the opportunity to join us as owners of Sintana at this pivotal time for our company and Namibia’s energy industry,” Bose said.

“With upcoming activity across our offshore portfolio, we are keen to become the first oil and gas company to provide Namibians the opportunity to invest directly in the offshore opportunity and significant upcoming developments.”

Tiaan Bazuin said the exchange is positioning itself as a platform to broaden participation in Namibia’s natural resource sectors.

“The NSX stands ready as conduit for Namibians to be part of the shareholding in our natural resources.

“We look forward to welcoming Sintana Energy to the NSX and encourage all sectors to open their shareholding base to their employees, the Namibian public, and our institutions,” Bazuin said.

“Our goal is dual fold, to deepen and diversify the investing universe for all Namibians.”

The proposed listing comes as Namibia’s offshore oil and gas sector gains momentum following a series of high-profile discoveries, with companies increasingly seeking ways to align resource development with local participation and ownership.

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