Oregen Energy Expands Namibia Orange Basin Position Ahead of Farm-Out
Canadian oil and gas company Oregen Energy has increased its indirect interest in Block 2712A (PEL107) to 33.5% following acquisition of an additional 25.2% stake in August 2025. The company, trading on the Canadian CSE under symbol “ORNG,” is advancing seismic data acquisition and interpretation activities in partnership with local Namibian partner Petrovena Energy.
Oregen is planning a multi-client 3D seismic data acquisition program for the fourth quarter of 2025 through first quarter of 2026. Following processing and interpretation of the 3D seismic data in 2026, the company expects to proceed with a strategic farm-out process to accelerate exploration activities, with drilling by the farm-out partner anticipated in 2027.
Block 2712A is strategically positioned near recent major discoveries in Namibia’s Orange Basin, including the TotalEnergies Venus discovery, Galp Mopane field, and Shell Graff discoveries. The block offers attractive exploration terms including a four-year exploration period extendable for an additional two years.
Namibia’s Orange Basin has witnessed significant investment following major discoveries, with approximately 20 billion barrels of oil estimated discovered in the country. Recent finds include the Capricornus-1X discovery by Rhino Resources and partners, which encountered light oil columns with initial flow rates estimated at 11,000 barrels per day.
Source: namibiaoilandgas.com
