Acquiring Company
Sintana Energy
Acquired Company
Corcel KON-16 Limited
Canada
Greater LondonEnergyOil And GasEnergyOil And GasDescription
Sintana Energy Inc. has entered into agreements to acquire a 5% indirect interest in Block KON-16, Angola, through Corcel KON-16 Limited. The total acquisition cost is US$2.5 million, pending approvals. Sintana will also receive a 2.5% net profit interest from Corcel's proceeds after first oil until payments reach US$50 million. The transaction is expected to complete by year-end 2026.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Corcel KON-16 Limited?
Corcel KON-16 Limited was acquired by Sintana Energy, based in Canada. The deal was reported on September 10, 2026. Sintana Energy is a Canadian oil and gas company with a focus on exploration and development opportunities in Africa. Sintana Energy is privately held and operates in Energy.
When did Sintana Energy acquire Corcel KON-16 Limited?
Sintana Energy's acquisition of Corcel KON-16 Limited was reported on September 10, 2026. Sintana Energy Inc. has entered into agreements to acquire a 5% indirect interest in Block KON-16, Angola, through Corcel KON-16 Limited. The total acquisition cost is US$2.5 million, pending approvals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Corcel KON-16 Limited do?
Corcel KON-16 Limited is a subsidiary of Corcel Plc, focused on oil and gas projects within the Kwanza Basin in Angola. The company holds a significant participating interest in Block KON-16. It is privately held, operating in Energy, and is based in Greater London.
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