Sintana Energy Accelerates Payment from Trinidad Sale

Sintana Energy Inc. has received the first instalment of $450,000 of deferred consideration for the sale of its Trinidad business in 2025. A revision in terms with the purchaser will see the full payment, originally scheduled until 2027, completed by the end of 2026. This early payment comes with an agreed discount, and the total aggregate cash payment is set to reach $900,000.

This financial arrangement concludes Sintana's exit from all business, assets, and operations in Trinidad. The company initially anticipated receiving $1 million across 2026 and 2027. With the adjusted schedule, Sintana finalizes its business involvement in Trinidad earlier than planned.