Sintana Energy Inc. Grants Incentive Stock Options

TORONTO, Nov. 28, 2012 /CNW/ - Sintana Energy Inc. (TSX-V: SNN) ("Sintana" or the "Company") reports that its Board of Directors has approved grants of a total of 2,000,000 stock options to an officer, employees and a consultant of the Company. The options have an exercise price of $0.20, vest in three equal tranches over the next 24 months and expire in November of 2017.

ABOUT SINTANA ENERGY

The Company is primarily engaged in petroleum and natural gas exploration and development activities in Colombia and Peru. The Company's exploration strategy is to acquire, explore, develop and produce superior quality assets with significant reserve potential. The Company currently holds a 25% interest in the 175,000 acre Bayovar Block XXVII in the Sechura Basin, Peru. The Company's private participation interests in Colombia include 30% in 58,570 acres in the Talora Block and 30% in 272,021 acres in the COR-39 & COR-11 Blocks in the Upper Magdalena Basin. In the Middle Magdalena Basin, it has private participation interests of 100% in the conventional formations, and 30% (carried) in the unconventional formations, in the 43,158 acre VMM-37 Block and 25% (carried) in the 154,909 acre VMM-4 and 59,522 acre VMM-15 Blocks. In the Llanos Basin, the company has a carried 25% private participation interest in the 111,624 acre LLA-18 Block. These interests are subject to all applicable regulatory and governmental approvals, including those of Colombia's National Hydrocarbon Agency (ANH). The Company continues to evaluate a portfolio of exploration opportunities in South America.

On behalf of Sintana Energy

"Doug Manner"
Chief Executive Officer

For further information please visit our website at www.sintanaenergy.com or email us at [email protected]

Corporate Contact:	Corporate Contact:
Douglas Manner	Sean Austin
Chief Executive Officer	Vice President, Controller
Tel: [phone]	Tel: [phone]

SOURCE: Sintana Energy Inc.

http://www.sintanaenergy.com