{"id":14369,"date":"2024-06-12T10:26:06","date_gmt":"2024-06-12T10:26:06","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14369"},"modified":"2024-06-12T10:26:06","modified_gmt":"2024-06-12T10:26:06","slug":"namibia-sintana-energy-completes-acquisition-of-interest-in-giraffe-energy","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-completes-acquisition-of-interest-in-giraffe-energy\/","title":{"rendered":"NAMIBIA: Sintana Energy Completes Acquisition of Interest in Giraffe Energy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Sintana Energy has announced that it has closed its previously announced acquisition of an initial 49% interest in Giraffe Energy Investments (Pty) Ltd., pursuant to a definitive agreement dated effective April 24, 2024 with Crown Energy (Pty) Ltd. and Giraffe. Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 (PEL 79) which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. The National Petroleum Corporation of Namibia is currently the operator with a 67% interest in PEL 79.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company acquired its initial 49% interest in Giraffe for cash consideration of US$2 million. Sintana retains an option to increase its ownership up to 67% of Giraffe anytime over the 5 years following closing based on the shares issued and outstanding at the time of the option exercise for an additional cash payment at the time of exercise of US$1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sintana Energy has announced that it has closed its previously announced acquisition of an initial 49% interest in Giraffe Energy Investments (Pty) Ltd., pursuant to a definitive agreement dated effective &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-completes-acquisition-of-interest-in-giraffe-energy\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7445],"tags":[11582,11583,7742,9104,11580,1675,11581,3851,2297,10553],"class_list":["post-14369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-southern-africa","tag-block-2815","tag-block-2915","tag-bw-energy","tag-crown-energy","tag-giraffe-energy","tag-namibia","tag-pel-79","tag-rhino-resources","tag-shell","tag-sintana-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Namibia-PEL-93.png?fit=562%2C549&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3JL","jetpack-related-posts":[{"id":13016,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-receives-petroleum-exploration-license-87-extension-approval\/","url_meta":{"origin":14369,"position":0},"title":"NAMIBIA: Sintana Energy Receives Petroleum Exploration License 87 Extension Approval","author":"","date":"December 22, 2022","format":false,"excerpt":"Sintana Energy has provided the following update on several matters including a recently approved extension to Petroleum Exploration License 87 (PEL 87), a year-end review and 2023 outlook. \u201c2022 was a seminal year in Sintana\u2019s history underpinned most notably by our entry into Namibia in March,\u201d said Robert Bose, President\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13703,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-3d-seismic-program-on-pel-87-complete\/","url_meta":{"origin":14369,"position":1},"title":"NAMIBIA: 3D Seismic Program on PEL 87 Complete","author":"","date":"May 27, 2023","format":false,"excerpt":"Sintana Energy has announced that Custos Investments (Pty) Ltd., one of its Namibian affiliates (together with Custos Energy (Pty) Ltd, has confirmed the completion of a 6,593 square kilometer 3D seismic acquisition program over and around Petroleum Exploration License 87 (PEL 87) in Namibia\u2019s Orange Basin. The completed seismic acquisition\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12369,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-awarded-licence-extension-for-pel-83\/","url_meta":{"origin":14369,"position":2},"title":"NAMIBIA: Sintana Energy Awarded Licence Extension for PEL 83","author":"","date":"June 23, 2022","format":false,"excerpt":"Sintana Energy\u00a0 has announced that the Ministry of Mines and Energy in Namibia has approved an extension to the First Renewal Exploration Period for Petroleum Exploration License 83 (PEL 83). This will provide for an increase to the related work program which will support the drilling of an exploration well\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15542,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-provides-indirect-interest-in-pel-37-in-the-walvis-basin\/","url_meta":{"origin":14369,"position":3},"title":"NAMIBIA: Sintana Energy Provides Indirect Interest in PEL 37 in the\u00a0Walvis Basin","author":"","date":"January 21, 2026","format":false,"excerpt":"Sintana Energy has announce that it has entered into a Letter of Intent providing for a period of exclusivity in relation to an investment providing for an indirect interest in PEL 37 in the\u00a0Walvis Basin, offshore\u00a0Namibia. PEL 37 PEL 37 is located in the heart of the\u00a0Walvis Basin, offshore\u00a0Namibia, immediately\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Namibia-PEL-37.png?fit=467%2C637&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14856,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-woodside-elects-not-to-exercise-its-farm-in-option-in-pel-87\/","url_meta":{"origin":14369,"position":4},"title":"NAMIBIA: Woodside Elects not to Exercise its Farm-in Option in PEL 87","author":"","date":"April 14, 2025","format":false,"excerpt":"Pancontinental Energy has received notification from Woodside Energy that Woodside has elected not to exercise its option to farm-in to the PEL 87 project. This notice has been received in advance of the long stop date of May 18th, 2025, after which Woodside\u2019s option was due to expire. A process\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12709,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-trago-energy-sintana-completes-transaction-in-respect-to-its-interests-in-pel-90\/","url_meta":{"origin":14369,"position":5},"title":"NAMIBIA: Trago Energy, Sintana, Completes Transaction in Respect to Its Interests in PEL 90","author":"","date":"October 5, 2022","format":false,"excerpt":"Sintana Energy has announced that Trago Energy a Namibian affiliate of the Company, has completed a transaction with Chevron Namibia Exploration Limited, a wholly-owned subsidiary of Chevron, in respect of its interest in Petroleum Exploration License 90 (\u201cPEL 90\u201d) located in the Orange Basin in Namibia. Trago will retain a\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Namibia-PEL-90.jpg?fit=541%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Namibia-PEL-90.jpg?fit=541%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Namibia-PEL-90.jpg?fit=541%2C600&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14369"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14369\/revisions"}],"predecessor-version":[{"id":14371,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14369\/revisions\/14371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14370"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}