Canadian Firm Oregen Energy Expands Position in Namibia’s Hot Orange Basin
Canadian investment firm Oregen Energy has significantly expanded its stake in Namibia’s emerging Orange Basin, increasing its ownership in WestOil Limited to 48.5% and securing a 33.95% indirect working interest in Block 2712A, a 5,484 square kilometer license in the basin’s core.
The strategic move, backed by a $3.65 million brokered financing and Oregen’s pending approval to list on the Canadian Securities Exchange, positions the company within a high-potential exploration corridor adjacent to acreage held by major players Chevron and Pan Continental.
Oregen is advancing a multi-year exploration program for Block 2712A, with plans including an independent technical report, acquisition of 3D seismic data in late 2025 or early 2026, and a farm-out process by 2026 to bring in a supermajor partner ahead of targeted drilling in 2027.
The company has strengthened its leadership team with industry veterans including Adrian Goodisman (former Tullow Oil), Tim O’Hanlon, Mason Granger, and Michael Humphries, bringing exploration, banking, and deal-making expertise to support its strategy of building large working interests in prospective offshore blocks.
Source: worldoil.com
