Announcement • Jul 21
Sintana Energy Inc Receives Suspension Of Initial Exploration Subperiod For Area Off-1 Block Offshore Uruguay Sintana Energy Inc. provided updates in relation to activities in Latin-America. ANCAP, the Uruguayan state-owned energy company and regulator, has agreed to a suspension of the initial exploration subperiod of the AREA OFF-1 block, offshore Uruguay, for 1 year, such that the first exploration subperiod will now expire on August 23, 2027. The suspension was requested by Chevron Mexico Finance LLC, Sucursal Uruguay, operator of the block, in accordance with the provisions of the licence contract for AREA OFF-1, given the length of time taken for environmental authorisation of the AREA OFF-1 3D seismic acquisition campaign. As previously advised, following environmental authorisation being obtained in early 2026 an initial season of seismic acquisition was completed prior to the end of April 2026, with a second season scheduled to commence in Fourth Quarter 2026. Acquisition, processing and interpretation of all of the planned 3D seismic data over the block is considered essential data necessary to making an optimal exploration well drilling decision. Recent Insider Transactions Derivative • Jun 14
VP, Controller exercised options to buy CA$260k worth of stock. On the 5th of June, Sean Austin exercised options to buy 650k shares at a strike price of around CA$0.27, costing a total of CA$176k. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. Since June 2025, Sean's direct individual holding has increased from 6.13m shares to 7.93m. Company insiders have collectively sold CA$13k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 31
VP, Controller exercised options to buy CA$420k worth of stock. On the 28th of May, Sean Austin exercised options to buy 1m shares at a strike price of around CA$0.16, costing a total of CA$165k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since June 2025, Sean's direct individual holding has increased from 6.13m shares to 6.93m. Company insiders have collectively sold CA$505k more than they bought, via options and on-market transactions in the last 12 months. 
