Sintana Energy Inc. has entered into a settlement agreement (the "Agreement") with Petrodorado Energy Ltd. (Petrodorado). In accordance with the Agreement, the parties have terminated the arbitration process with all present and future claims related to the arbitration having been settled in full.

As part of the settlement, Petrodorado will reimburse Sintana for work performed by its technical staff that is mutually beneficial for the ongoing development of the Talora discovery on the Verdal structure.

Tags: Petrodorado Energy Ltd., Sintana Energy Inc.