Namibia’s first onshore oil exploration well was Berseba-1, drilled in 1928 by the South West Africa Petroleum Corporation in the Nama Basin. The well reached a depth of about 1,009 metres before it was abandoned. The Kavango West-1X well, spudded in late July, has already reached 1,900 metres. ReconAfrica says it is closing in on the Otavi reservoir, a target that could change both the company’s fortunes and Namibia’s energy landscape.
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Bannerman has become the first company operating in Namibia to conclude uranium offtake agreements with North American utilities. The company has executed binding contracts with two Tier-1 power generators for the supply of one million pounds of uranium over a five-year period, from 2029 to 2033.
Billers
Namibia’s mining industry and its workers’ voice
Koryx values Haib at US$1.35b over 23 years
E-Tech secures N$17.5m to advance Eureka
Forsys delivers high-grade intercepts at Valencia
