Sintana Energy announces firm offer to acquire Challenger with board support and new financing facility

Reuters10-09

Sintana Energy announces firm offer to acquire Challenger with board support and new financing facility

Sintana Energy Inc. has reached an agreement to acquire all of the issued and to be issued ordinary share capital of Challenger Energy Group PLC in an all-share transaction. Challenger, listed on the AIM market of the London Stock Exchange, is an oil and gas exploration company with interests in offshore Uruguay, including a 40% working interest in AREA OFF-1 alongside Chevron and a 100% interest in AREA OFF-3, as well as legacy assets in The Bahamas. As part of the transaction, Sintana has secured a US$4 million working capital facility from Charlestown, a shareholder in both Sintana and Challenger, effective from the closing of the acquisition and subject to TSXV approval. Sintana also plans to seek admission of its shares to trading on AIM in the fourth quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sintana Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9542750-en) on October 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Challenger, listed on the AIM market of the <a href=\"https://laohu8.com/S/LDNXF\">London Stock Exchange</a>, is an oil and gas exploration company with interests in offshore Uruguay, including a 40% working interest in AREA OFF-1 alongside Chevron and a 100% interest in AREA OFF-3, as well as legacy assets in The Bahamas. As part of the transaction, Sintana has secured a US$4 million working capital facility from Charlestown, a shareholder in both Sintana and Challenger, effective from the closing of the acquisition and subject to TSXV approval. Sintana also plans to seek admission of its shares to trading on AIM in the fourth quarter of 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Challenger, listed on the AIM market of the London Stock Exchange, is an oil and gas exploration company with interests in offshore Uruguay, including a 40% working interest in AREA OFF-1 alongside Chevron and a 100% interest in AREA OFF-3, as well as legacy assets in The Bahamas. As part of the transaction, Sintana has secured a US$4 million working capital facility from Charlestown, a shareholder in both Sintana and Challenger, effective from the closing of the acquisition and subject to TSXV approval. Sintana also plans to seek admission of its shares to trading on AIM in the fourth quarter of 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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