Sintana willing to sell interest in Mopane for ‘right price’

Sintana Energy’s management says it would be open to selling its exposure to petroleum exploration licence 83, which is the site of the massive Mopane oil discovery.

Sintana is a Canadian oil exploration company with an indirect interest in six petroleum exploration licences (PELs) through its partial ownership of companies owned by Namibian businessman Knowledge Katti.

Speaking to media platform ‘Directors Talks’ in May, Sintana chief executive Robert Bose said the company would “absolutely” be willing to sell its Mopane interests.

“We remain ever vigilant of the risk-adjusted value and retention value of our interests and assets, and if someone is willing to pay in excess of that, I think it suits us to take a look at that seriously,” he said.