Oregen Energy Corp. (formerly Supernova Metals Corp.) (CSE: ORNG) (FSE: A1S) (“Oregen” or the “Company”) is pleased to announce that it has received final approval of the Canadian Securities Exchange (CSE) to commence trading of its common shares under the new name of “Oregen Energy Corp.” and the new symbol “ORNG” (CUSIP: 685768103; ISIN: CA6857681036) at the market open on Wednesday, August 27, 2025.
The approval follows the Exchange’s clearance of a fundamental change transaction completed on August 13, 2025.
Further details related to the transaction are contained in the Company’s listing statement dated August 21, 2025, filed on SEDAR+.
Oregen has also retained GOLDINVEST Consulting GmbH for marketing services to raise its visibility in North America and Europe.
The nine-month agreement, effective August 18, 2025, carries a monthly fee of $4,000 (about N$54,000). The company said no securities or options will be issued as part of the arrangement.
Through its August 13 transaction, Oregen completed the acquisition of Oranam Energy Limited, thereby gaining an additional 36 per cent equity interest in WestOil Limited, which owns 70 per cent of Block 2712A offshore Namibia.
This increases Oregen’s total stake in WestOil to 48.5 per cent and raises its net working interest in Block 2712A to 33.95 per cent.
Block 2712A covers 5,484 km² in the Orange Basin. It lies adjacent to recent multi-billion-barrel discoveries, including TotalEnergies’ Venus, Shell’s Graff, Galp’s Mopane, and the Capricornus discovery made by Rhino, BP and Eni.
“The Orange Basin is fast emerging as one of the world’s most exciting new petroleum provinces, and Block 2712A is strategically located in the heart of the action,” the company said.
The acquisition was completed through a share exchange agreement, under which Oregen issued 22 million shares and paid US$1 million (approximately N$18.5 million) in cash to Oranam shareholders.
Some of these shareholders accepted an 18-month escrow on their holdings.
To fund the transaction and strengthen its balance sheet, Oregen also closed the first tranche of a brokered equity financing, raising C$3.6 million (about N$48.6 million).
This included C$1.7 million (N$23.1 million) raised under a LIFE Offering and C$1.9 million (N$25.6 million) through a private placement in subsidiary FinanceCo, later exchanged into Oregen shares and warrants.
Research Capital Corp. led the financing with Canaccord Genuity and Roth Canada Inc. as agents. The company has applied to list its warrants on the CSE under the symbol ORNG.WT.
Looking ahead, Oregen said it is positioning itself as an early mover among small-cap companies in Namibia’s deepwater frontier.
A 3D seismic survey is planned for the fourth quarter of 2025, while a farm-out process to bring in major partners is scheduled for 2026, with exploration drilling expected in late 2026 or 2027.
Oregen is also in discussions to secure further offshore acreage in the Orange, Walvis and Lüderitz basins.
Oregen describes itself as an Africa-focused investment company, with its flagship asset being the 33.95 per cent net interest in Block 2712A, a licence at the centre of Namibia’s rising global oil profile.
