S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Sintana Energy, Inc.
During 2011, the company acquired a 25% interest in 175,000 acres in the Bayovar Block XXVII in the Sechura Basin, Peru; and a 30% interest in 108,336 acres in the Talora Block, and a 30% interest in 272,021 acres in the COR-39 and COR-11 Blocks in the Magdalena Basin, Colombia.
In May 2012, Sintana announced that it had completed its previously announced business combination (the "Business Combination") with ColCan Energy Corp. ("ColCan"), including receipt of $11 Million in additional financing. The principal purpose of the Business Combination is to combine interests in oil and natural gas blocks held by Sintana with those held or in the process of being acquired by ColCan in Colombia. ColCan contributed its interest in VMM-37 by virtue of its ownership of Patriot Energy Sucursal Colombia, the owner on record with the ANH, and its private participation investments in two other blocks in Colombia's Middle Magdalena basin, VMM-4 and VMM-15, and one block located in the Llanos basin, LLA-18.
SNN is headquartered in Toronto, Canada.
Standard & Poor’s Factual Stock Report coverage on Sintana Energy, Inc will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.sintanaenergy.com for additional information.
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Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
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