The African Energy Chamber has hailed Stamper Oil & Gas Corporation’s acquisition of BISP Exploration Inc. as a “big win” for Namibia, saying the transaction will stimulate logistics, drilling services, and supply chains while creating new jobs and community opportunities.
For a country now firmly established as one of the world’s most exciting oil frontiers, the entry of Stamper marks another milestone in attracting fresh investment and expertise.
Stamper has resumed trading on the TSX Venture Exchange (STMP) and the US OTC market (STMGF) after a three-month halt while the transaction was finalised.
The deal gives the Canadian junior a portfolio of five Namibian offshore blocks spanning the Orange, Walvis, and Lüderitz basins — positioning it at the heart of the exploration rush sparked by TotalEnergies’ Venus and Galp Energia’s Mopane discoveries.
Through the acquisition, Stamper secures a 47 per cent stake in Block 2712A in the Orange Basin, located northwest of Venus and Mopane.
It also gains carried interests in PEL 98 and PEL 106 in the Walvis Basin, as well as a 20 per cent carried interest in PEL 102 in the Lüderitz Basin.
Together, these licences spread Stamper’s exposure across three of Namibia’s most prospective basins, giving it both near-term exploration visibility and long-term optionality.
The transaction was structured through a three-cornered amalgamation involving share issuances, warrant conversions, and staged cash payments.
Stamper will pay US$5 million (about N$92 million) in cash at closing, issue five million shares, and commit to additional milestone-linked payments as projects advance.
This financing model allows the company to secure high-potential assets while staggering risk and aligning payments with exploration progress.
Leadership continuity comes with the appointment of industry veteran Grayson M. Andersen as Stamper’s new Chief Executive Officer.
Andersen previously led BISP and brings years of experience navigating frontier exploration environments.
His role will be critical as Stamper transitions from deal-making to operational planning.
The timing of Stamper’s Namibian entry coincides with an extraordinary surge of offshore activity.
In the Orange Basin, Rhino Resources, Azule Energy, and Namcor are drilling the Volans-1X exploration well in PEL 85. BW Energy and Namcor are preparing to spud the Kharas appraisal well on the Kudu Field before the end of September.
ReconAfrica, BW Energy, and Namcor are currently drilling the Kavango-1X well in PEL 73, which is expected to be completed in November.
Galp Energia and its partners Custos (which includes Sintana) and Namcor are finalising a farm-out on PEL 83, with TotalEnergies, Chevron, and Petrobras reportedly in the running.
Pancontinental Energy, Custos, and Namcor are also in farm-out talks for PEL 87.
The African Energy Chamber noted that Stamper’s arrival not only broadens the roster of players but also demonstrates the growing appeal of Namibia to international investors.
As more supermajors line up to secure positions, juniors like Stamper gain an opportunity to benefit from the momentum while potentially positioning themselves as farm-out partners or acquisition targets.
Stamper has laid out a clear set of plans following the acquisition.
The company intends to leverage its newly acquired deepwater licences across the Orange, Walvis, and Lüderitz basins, focusing on seismic reinterpretation, license work programs, and eventual drilling campaigns.
It will align its timing with neighbouring activity, particularly in the Orange Basin, where discoveries at Venus and Mopane have already reshaped expectations.
Given the scale and cost of deepwater exploration, Stamper is likely to pursue farm-out agreements and partnerships to share risk, while maintaining exposure to upside.
The company is also committed to engaging with Namibian regulators, local suppliers, and communities in line with local content requirements, ensuring that its presence delivers tangible economic benefits.
Structurally, its acquisition terms require milestone-linked payments, creating incentives to move projects forward quickly.
By holding carried interests in several licences, Stamper has positioned itself to limit upfront expenditure while still participating in potential discoveries.
In the longer term, the company sees Namibia as a value play — targeting discoveries and resource delineation that could one day feed into production, even if first oil from neighbouring projects is only expected around 2029–2030.
Stamper acknowledges the risks of high-cost deepwater exploration but sees itself well placed to share in Namibia’s rising tide.
“Namibia continues to be one of the most exciting and active jurisdictions globally for oil and gas exploration, and momentum is building,” the company said in a statement marking its return to trading.
With BISP’s assets in hand, trading resumed, and a reinforced leadership team, Stamper Oil & Gas has planted its flag firmly in Namibia.
The company now stands alongside a growing field of explorers chasing what could be the next central deepwater oil province — one where the stakes are as high as the rewards, and where timing, partnerships, and drilling success will determine who thrives in Africa’s latest hydrocarbon hotspot.
