Oregen Energy Strengthens Position in Namibia’s Promising Orange Basin
Canada’s Oregen Energy has expanded its footprint in Namibia’s Orange Basin by increasing its ownership in WestOil Limited to 48.5%, providing the company with a 33.95% indirect working interest in Block 2712A. The 5,484 square kilometer license is strategically positioned in the heart of the Orange Basin, adjacent to acreage held by Pan Continental and Chevron.
The move follows a $3.65 million brokered financing and the company’s approval to list on the Canadian Securities Exchange, supporting Oregen’s strategy of building meaningful positions in Namibia’s offshore prospects. Namibia’s Orange Basin has emerged as one of the world’s most closely watched oil frontiers following large-scale discoveries by Galp, TotalEnergies, and Shell, pointing to billions of barrels of recoverable resources.
Oregen has developed a clear exploration roadmap for Block 2712A, including an independent technical report and a 3D seismic acquisition campaign planned for late 2025 or early 2026. The company plans to initiate a farm-out process in 2026 to bring in a supermajor partner ahead of targeted drilling in 2027.
The company has assembled a team of industry veterans including Adrian Goodisman, Tim O’Hanlon (co-founder of Tullow Oil), Mason Granger, and Michael Humphries, providing significant expertise for executing its growth strategy in one of Africa’s most promising energy regions.
Source: aecweek.com
