Sintana Energy reports widened Q2 net loss and higher exploration spend
Sintana Energy says it is debt-free and has access to an undrawn US$4m working-capital facility. The company’s second-quarter net loss widened to US$3.1m from US$2.2m, driven mainly by rising exploration expenditure to US$385k and general & administrative costs up 79% to US$3.7m after the acquisition of Challenger Energy.