Sproule ERCE News
CPR for Sintana Energy AIM Admission
Calgary, London, The Hague – Sproule ERCE is proud to support the recent admission of Sintana Energy Inc. to the AIM market of the London Stock Exchange with the preparation of a Competent Person’s Report (CPR) following Sintana Energy’s acquisition of Challenger Energy Group. The report reflects a highly collaborative effort between Sproule ERCE teams based in London, The Hague, and Calgary, demonstrating the firm’s global expertise in independent reserves and resources evaluation.
Supporting Informed Investment and Exploration Decisions
The Competent Person’s Report provides a technical assessment of the companies’ oil and gas assets, delivering independent, data-driven insights that support:
- Informed strategic and investment decision-making
- Robust risk assessment and management
- Enhanced transparency for current and prospective investors
- Effective planning of future exploration and appraisal activities
By applying internationally recognized standards and methodologies, the CPR builds confidence in asset evaluations and supports regulatory, corporate, and capital markets requirements.
Key Assets Covered in the Competent Person’s Report
Uruguay
- Challenger Energy Group holds interests in the Area OFF-1 and the Area OFF-3.
Namibia
- Sintana holds an indirect interest in offshore licenses, including PEL 79, PEL 82, PEL 83, PEL 87, and PEL 90, as well as one onshore, PEL 103.
Future interest in Angola and legacy assets in Colombia and The Bahamas.
A Global, Collaborative Effort
This project highlights Sproule ERCE’s ability to deliver complex, multi-jurisdictional evaluations through seamless collaboration across international teams. The combined expertise of Sproule ERCE’s professionals ensured consistency, technical rigor, and clarity throughout the assessment process.
Learn More
- To access the full Competent Person’s Report, please visit:
🔗 https://acrobat.adobe.com/id/urn:aaid:sc:EU:e81d9c9e-758a-4081-8d50-b68199d71062
What is a Competent Person’s Report (CPR)?
A Competent Person’s Report is an independent technical evaluation of oil and gas assets prepared by qualified experts. It provides estimates of resources or reserves and supports investment, regulatory, and strategic decisions.
Who prepared the CPR for Sintana Energy?
The report was prepared by Sproule ERCE, a globally recognized independent energy advisory firm, with contributions from teams in London, The Hague, and Calgary.
Why is a CPR important for investors?
A CPR provides independent validation of asset potential and risks, increasing transparency and confidence for investors and stakeholders.
About Sproule ERCE
Sproule ERCE helps energy companies and financial stakeholders make informed decisions by integrating technical, commercial, and operational expertise. The firm provides authoritative analysis for asset valuation, regulatory reporting, portfolio optimization, and capital allocation, enabling clients to understand value drivers, manage risk, and support long-term profitability.