Sintana Energy Inc. has initiated steps towards a potential listing on the Namibia Securities Exchange (NSX), appointing IJG Securities as sponsor and corporate adviser as exploration activity intensifies across Namibia’s oil and gas sector.
The company, which is listed on the TSX Venture Exchange, London Stock Exchange and OTCQX, is seeking to establish a local trading platform as momentum builds around its offshore portfolio.
“Subsequent to the admission, the Company intends to explore options to provide and develop liquidity for local Namibian investors,” Sintana said.
The planned listing comes as Namibia’s offshore basins continue to draw global attention following recent discoveries, with Sintana holding exposure across multiple licences in the Orange and Walvis basins.
Chief executive Robert Bose said the move is timed to align with a pivotal phase in the country’s energy development.
“Namibia has been at the heart of Sintana’s progress since the opening of the offshore opportunity in 2022. 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 in the evolution of Namibia’s energy industry. 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 opportunity and significant upcoming developments.”
Director Knowledge Katti said the listing is also intended to deepen domestic participation in the 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. 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.
“We are proud that this initiative stands in full alignment with the government’s Sixth National Development Plan (NDP6), particularly its focus on youth empowerment and wealth creation for all Namibians – especially our most vulnerable communities. By opening ownership of Namibia’s offshore opportunity to Namibians, we are not just listing a company – we are planting the seeds of an ownership economy, one where every young Namibian can say: this resource is mine, this future is mine, and I am invested in it,” he said.
NSX chief executive Tiaan Bazuin said the exchange is ready to support listings linked to the country’s resource sector.
“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. Our goal is dual fold, to deepen and diversify the investing universe for all Namibians.”
Sintana’s Namibian portfolio includes indirect interests in PEL 83 in the Orange Basin, which hosts the Mopane discoveries made in 2023 and 2024, alongside stakes in PELs 79, 87 and 90 offshore, PEL 82 in the Walvis Basin, and PEL 103 in the onshore Waterberg Basin.
