TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update that on 12 December 2025, Challenger announced that the recommended acquisition by Sintana (TSXV:SEI) of the entire issued and to be issued ordinary share capital of Challenger (the "Acquisition") to be implemented by way of a Court-sanctioned scheme of arrangement under Part IV (section 152) of the Isle of Man Companies Act 1931 as amended from ti ...

Core Viewpoint - Sintana Energy Inc. has received approval for the acquisition of Challenger, which will be executed through a Court-sanctioned scheme of arrangement under Isle of Man law, with the effective date expected on December 16, 2025 [1][2][4]. Group 1: Acquisition Details - The acquisition involves Sintana acquiring the entire issued and to be issued ordinary share capital of Challenger, with the Scheme sanctioned by the Court [1][3]. - The Scheme Record Time is set for 6:00 p.m. on December 15, 2025, and shareholders on the register at that time will receive New Sintana Shares upon the Scheme becoming effective [2][4]. - The expected timetable for the acquisition remains unchanged from the announcement made on December 9, 2025 [3]. Group 2: Trading and Share Issuance - Trading in Challenger Shares on AIM will be suspended from 7:30 a.m. on December 16, 2025, with the last day for dealings being December 15, 2025 [4][5]. - Admission to trading of New Sintana Shares on the TSXV is expected to commence shortly after 8:00 a.m. on December 23, 2025 [5][6]. - Sintana will also apply for admission of the Sintana Shares to trading on AIM, expected to commence around December 23, 2025 [6]. Group 3: Shareholder Proposals - Participants in the Challenger Share Plan and holders of Challenger Warrants have opted to cancel their options or warrants in exchange for the issuance of 20,043,463 New Challenger Shares, which will be exchanged for New Sintana Shares [7][8]. - Following the admission of the New Challenger Shares, Challenger will have a total of 269,356,123 ordinary shares in issue [9].

Core Insights - Sintana Energy Inc. provides an update on its interests in blocks 2813A and 2814B in Namibia's Orange Basin, holding an effective 4.9% interest in Petroleum Exploration License 83 (PEL 83) through Custos Energy [1][5] - TotalEnergies has entered an agreement with Galp to take over operatorship of PEL 83 and acquire a 40% participating interest, enhancing the project's operational capacity [3][4] - The agreement includes a commitment to conduct an exploration and appraisal campaign with at least three wells planned over the next two years [4][6] Company Developments - The transaction is subject to customary approvals from Namibian authorities and joint venture parties, with completion expected in 2026 [6] - Sintana's CEO highlighted the significance of TotalEnergies joining the partnership, emphasizing the quality and scale of the opportunity, particularly regarding discoveries at Mopane [7] - Sintana Energy is engaged in petroleum exploration and development across five licenses in Namibia and is in advanced stages to acquire Challenger Energy Group Plc, which will expand its portfolio in Uruguay [9]

TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) announces that on October 9 2025, the board of Sintana (TSXV: SEI) and the Independent Challenger Directors announced they had reached agreement on the terms of a recommended acquisition by Sintana for the entire issued and to be issued ordinary share capital of Challenger (the "Acquisition"), to be implemented by way of a Court-sanctioned scheme of arrangement under Part IV (section 152) o ...

Core Points - Sintana Energy Inc. announced the issuance of 936,666 new common shares on December 8, 2025, due to the exercise of options [1] - As of the announcement date, Sintana has a total of 381,112,211 common shares listed on TSXV [1] Company Overview - Sintana Energy is engaged in petroleum and natural gas exploration and development activities across five large, highly prospective onshore and offshore petroleum exploration licenses in Namibia and Colombia's Magdalena Basin [3] - The company's exploration strategy focuses on acquiring, exploring, developing, and producing high-quality assets with significant value-added potential [3]

The share price of Solaris Energy Infrastructure, Inc. (NYSE:SEI) surged by 15.6% between November 28 and December 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Solaris Energy Infrastructure (SEI) Continued to Rally Following Bullish Analyst Rating Solaris Energy Infrastructure, Inc. (NYSE:SEI) designs and manufactures specialized equipment for oil and natural gas operators in the United States. Solaris Energy Infrastructure, Inc. (NYSE:SEI) continued its rally after Morgan ...

Core Insights - SEI Investments Co. (SEIC) has completed the first phase of its strategic collaboration with Stratos Wealth Holdings, initially announced in July 2025, involving an investment of approximately $527 million for a 57.5% stake in Stratos [1][4] Group 1: Collaboration Details - The newly formed entity, SEI-Eclipse Holding Company, LLC, acquired the U.S.-based Stratos business for about $441 million, which represents approximately 81% of the total transaction value [3] - The finalized deal now totals around $544 million for a 57.5% stake in SEI-Eclipse Holding Company, with existing Stratos equity holders retaining a 42.5% interest, subject to put/call rights [4][8] - The second phase of the deal, which involves acquiring the Mexico-based NSC business, is expected to be completed in 2026, pending regulatory approvals [5][8] Group 2: Operational Impact - Founder and CEO Jeff Concepcion will continue to lead Stratos, which will maintain its established brand while operating as an affiliated business of SEI Investments [6] - Stratos' current business operations and client service model will remain unchanged, with SEI Investments enhancing its offerings through resources in technology, custody, operations, and asset management [6] Group 3: Market Context - Ryan Hicke, CEO of SEI Investments, highlighted three core growth opportunities in wealth management: advice, asset management, and administration, emphasizing that Stratos enhances their ecosystem with an advice platform that respects advisor independence [7] - SEI Investments' shares have declined by 7.1% over the past six months, compared to a 14.1% decline in the industry [7]

Core Insights - SEI has completed the first stage of its strategic investment in Stratos Wealth Holdings, acquiring the U.S.-based Stratos business for approximately $441 million, which represents about 81% of the total transaction value [1] - The partnership aims to enhance the wealth management ecosystem by combining SEI's strengths in advice, asset management, and administration with Stratos' independent advisory platform [1] - Stratos operates a national network of over 350 financial advisors across 29 states, advising approximately $38 billion in client assets [1] Company Overview - SEI is a leading global provider of financial technology, operations, and asset management services, managing approximately $1.8 trillion in assets as of September 30, 2025 [1] - Stratos Wealth Holdings supports independent financial advisors through flexible affiliation models and provides practice management consulting, operations, IT, and compliance services [1] Transaction Details - SEI will pay a total cash consideration of approximately $544 million for 57.5% of the equity of SEI-Eclipse Holding Company, with certain legacy Stratos equity holders retaining 42.5% [1] - The second stage of the transaction, involving the purchase of the Mexico-based NSC business, is expected to close in 2026, subject to regulatory approval [1]

Core Insights - Solaris Energy Infrastructure, Inc. (NYSE:SEI) experienced an 11.81% increase in share price from November 21 to November 28, 2025, making it one of the top-performing energy stocks during that week [1] - Analyst Derek Podhaizer from Piper Sandler raised the price target for Solaris from $50 to $65 while maintaining an 'Overweight' rating, citing the company's expansion plans and recent performance [3] Company Performance - Solaris Energy Infrastructure designs and manufactures specialized equipment for oil and natural gas operators in the United States [2] - The company announced during its Q3 earnings call that it secured an additional 500 MW, increasing its total generation capacity to approximately 2.2 gigawatts by early 2028, which includes 900 MW of new capacity [3] - Solaris successfully began providing primary power to a second data center in Q3, indicating progress in securing more data center contracts [3] Market Sentiment - Despite a decline in share price since early November, Solaris reported better-than-expected Q3 results, and Piper Sandler remains optimistic about the stock's potential [4]

Core Viewpoint - Sintana has reached an agreement to acquire Challenger's entire issued and to be issued ordinary share capital through a Court-sanctioned scheme of arrangement under the Isle of Man Companies Act 1931 [1] Group 1: Acquisition Details - The acquisition will be implemented via a Court-sanctioned scheme of arrangement [1] - The Court Meeting and General Meeting were held on 26 November 2025 to discuss the acquisition [3] - The Scheme Document was sent to Challenger Shareholders on 3 November 2025 [3] Group 2: Voting Results - At the Court Meeting, 113,276,238 shares (98.04%) voted in favor of the acquisition, while 2,264,198 shares (1.96%) voted against it [5] - At the General Meeting, 113,086,530 votes (97.60%) were in favor of the special resolution to implement the scheme, with 2,780,284 votes (2.40%) against [7] - The total number of Challenger Shares in issue was 249,312,660, with 46.34% of the issued share capital voting at the Court Meeting [9] Group 3: Conditions and Timetable - The outcome of the meetings satisfied Conditions 2.1 and 2.2 as outlined in the Scheme Document [10] - The acquisition is expected to become effective on 11 December 2025, subject to court sanction and other conditions [11] - Challenger plans to apply for the cancellation of its shares on AIM, effective on or shortly after the acquisition becomes effective [13] Group 4: Future Plans - Sintana intends to seek admission of the Sintana Shares to trading on AIM following the acquisition [15] - Challenger will be re-registered as a private limited company after the acquisition [14] - Sintana is engaged in petroleum and natural gas exploration in Namibia and Colombia, focusing on acquiring and developing high-potential assets [16]