Sintana signs definitive deal for 5% stake in Angola’s KON-16 block for US$2.5 million

• Sintana Energy entered definitive agreements to buy an indirect 5% participating interest in Angola’s onshore Block KON-16.
• Total consideration set at USD 2.5 million, including USD 500,000 paid, cash balance of USD 2 million due at completion.
• Deal adds a 2.5% net profit interest in Corcel’s net proceeds until USD 50 million paid, then drops to 1.5%.
• Completion hinges on Angolan governmental approvals, other third-party consents, AIM requirements, TSX Venture Exchange requirements, targeted before year-end 2026.
• Operator targets a 2027 pre-salt exploration well; seismic processing, geomechanics work, drilling engineering advanced.

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 ACCESS Newswire (Ref. ID: 202609100205ACCESSWRNAPR_____1218755) on September 10, 2026, and is solely responsible for the information contained therein.