Sintana Energy has closed its previously announced made on April 24, 2024 as regards to acquisition of an initial 49% interest in Giraffe Energy Investments (Pty) Ltd. (“Giraffe”), pursuant to a definitive agreement dated effective April 24, 2024 with Crown Energy (Pty) Ltd. and Giraffe. Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 (“PEL 79”) which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. The National Petroleum Corporation of Namibia is currently the operator with a 67% interest in PEL 79.