Supernova Metals Corp is accelerating work at its primary asset, Block 2712A, strategically located in Namibia’s highly prospective offshore Orange Basin.
Block 2712A spans 5,484 km² in the heart of one of the world’s most active new exploration regions, adjacent to licenses operated by global majors Galp and Shell.
Just months after acquiring an 8.75% indirect working interest in Block 2712A, Supernova Metals Corp. announced the completion of its technical report and filing of its F1 and F3 Forms under National Instrument 51-101 in connection with its interest in Block 2712A in Namibia’s Orange Basin in May 2025.
The completion of the technical report was a pivotal step as the company prepared to take complete control of operatorship over this high-potential asset.
When Supernova completed the technical report, it owned a 12.5% equity interest in WestOil Limited, the licensed operator of Block 2712A, with a 70% participating interest.
Supernova intended to increase its position through the acquisition of an additional 36% equity interest in WestOil, which will increase its total ownership in WestOil to 48.5%, corresponding to a 33.95% net working interest in Block 2712A.
The company presently has an 8.75% net working interest in the block.
More significantly, the company and a 4.5% minority equity owner of WestOil have agreed to enter into a shareholder voting and operating agreement as part of the acquisition closing.
Under the agreement, the company and the minority shareholder have agreed to cooperate in voting their 53% collective shareholdings in WestOil, thereby granting Oregen majority control over overall operational and administrative decisions.
This ensured that Oregen would assume strategic direction over the exploration and development program for the 70% working interest in the block.
The remaining 47% minority stake in WestOil was held by shareholders who will continue to participate, on a paying working interest basis only, in all exploration activities on Block 2712A.
Supernova Metals Corp plans to acquire an additional 25.2% (net) interest in Block 2712A, increasing its stake to 33.95% by July 2025.
Supernova is currently undergoing a name change to Oregen Energy Corp. and rebranding to reflect its transformation into a frontier offshore oil and gas company with a focus on Namibia’s emerging basins.
Acquisition plans
Supernova Metals Corp also plans to acquire an independent technical report and existing 2D seismic, while in the 4Q 2025, the company will acquire new 2D and 3D seismic studies.
A farmout process is anticipated in the second half of 2026, with drilling expected to commence in 2027.
The company acquired NamLith Resources Corp. in January 2025, securing an indirect 8.75% working interest in Block 2712A, located in the Orange Basin offshore Namibia.
A month later, Supernova Metals Corp initiated an NI 51-101 resource evaluation for Block 2712A. Supernova plans to acquire and interpret existing 2D seismic data, providing immediate insight into the subsurface geology in Q2 2025.
In Q4 2025, Supernova aims to acquire new high-resolution infill 2D and advanced 3D seismic data over Block 2712A through partnerships with leading seismic providers.
The opening of a comprehensive data room and engaging major global oil companies interested in the region is expected to occur in late 2025, with a strategic farm-out process scheduled for Q2-Q3 2026.
Finally, Supernova has set its eyes on starting exploration drilling and well development in 2027.
