Stamper Oil & Gas Ltd. has joined the growing list of international explorers targeting Namibia’s deep-water frontier, securing positions across the country’s most active offshore basins.
Through the acquisition of BISP Exploration Inc., Stamper has gained indirect interests in five exploration blocks distributed under four Petroleum Exploration Licences spanning the Orange, Lüderitz, and Walvis Basins.
The transaction, completed on 10 September 2025, marks Stamper’s formal entry into Namibia’s offshore energy sector.
A statement on Newswire Canada confirmed that the company acquired all outstanding shares of BISP, which holds Namibian assets through its subsidiaries.
The deal, first announced in May 2025, transferred BISP’s exploration rights and obligations—including minority and carried interests in several offshore blocks—into Stamper’s portfolio.
Under the new structure, Stamper now holds PEL 107 (Block 2712A, Orange Basin) with a 32.9 percent working interest, PEL 102 (Block 2614B, Lüderitz Basin) with a 20 percent carried interest, and PEL 98 (Block 2213, Walvis Basin) and PEL 106 (Blocks 2111A and 2011B, Walvis Basin), each with a 5 percent carried interest.
The allocation provides Stamper with exposure to three distinct geological provinces that collectively define southern Africa’s emerging oil province. PEL 107, located in the northern Orange Basin, is regarded as the company’s flagship block, lying near a cluster of high-impact discoveries drilled by Shell, TotalEnergies, and Galp Energia.
The licence already has extensive seismic coverage, and work is underway to re-evaluate the dataset ahead of a planned farm-out campaign.
PEL 102 sits north of BW Energy’s Kharas prospect in the Lüderitz Basin and targets similar Lower Cretaceous turbidite fans and carbonate build-ups.
In the Walvis Basin, PEL 98 and PEL 106 border acreage recently acquired by Chevron, positioning Stamper in an emerging rift-related clastic system expected to see renewed drilling within the following year.
Company materials describe the combined acreage as a balanced portfolio of high-impact prospects with near-term technical catalysts.
Chief Executive Officer Grayson Anderson says the company’s approach is deliberately conservative—focused on strategic positioning rather than high-risk operatorship.
“Our model is non-operated and carried,” Anderson told Proactive Investors following the transaction.
“We aim to participate in major offshore programmes without the capital exposure that usually comes with frontier drilling.”
In practical terms, this means Stamper partners with existing licence operators, retaining minority or carried interests that guarantee participation in any discoveries while its partners fund the bulk of seismic and drilling costs.
Such structures are becoming increasingly common in Namibia, where local and foreign juniors seek exposure to the basin’s upside without the financial strain of deep-water wells that can exceed US$100 million apiece.
The BISP acquisition gives Stamper a ready-made operating platform.
It inherits established relationships with the Ministry of Mines and Energy and existing licence partners. According to Stamper’s filings on SEDAR+, the company will assume BISP’s modest debt obligations—approximately US$520,000 and C$907,000—while retaining all technical data and contractual rights associated with the Namibian portfolio.
Stamper’s Namibian subsidiary will coordinate seismic studies and technical review across all four PELs. Early priorities include 3D seismic reprocessing on PEL 107 and a basin modelling program in the Walvis and Lüderitz Basins.
The goal, says Anderson, is to de-risk the acreage ahead of structured farm-out transactions expected within the next two to three years.
“We want to work alongside existing operators to mature the assets and attract credible partners,” Anderson said. “Our aim is to advance each block through seismic, farm-out, and drilling phases with disciplined capital management.”
The acquisition was underpinned by a C$13.1 million financing completed in mid-2024. Proceeds were directed toward Namibian acquisitions, technical studies, and working capital. The company has indicated that, with most of its licences under carried terms, no immediate capital raise is required to fund near-term work programmes.
Stamper’s technical team blends Canadian and Namibian experience. It includes Dean Clemenson, formerly of ConocoPhillips, Husky Energy, and Burlington Resources; Jerry Jarvis, a veteran geologist who previously worked for Tullow Oil; and Dr Ann Scarvani, the former head of geology at the University of Namibia. Together, they lead the geological interpretation and maintain engagement with local stakeholders.
A corporate reorganisation is also underway ahead of Stamper’s Annual General Meeting on 17 November 2025, where shareholders will elect a new board chaired by Matt Goldsmith, a petroleum executive with more than fifteen years of experience in Namibian exploration ventures.
Namibia’s offshore basins have become one of the world’s most closely watched exploration frontiers following a string of discoveries by Shell, TotalEnergies, and Galp.
The Ministry of Mines and Energy has reported more than 25 active Petroleum Exploration Licences along the country’s Atlantic margin, spanning the Orange, Lüderitz, and Walvis Basins.
Recent resource estimates from the Mopane and Venus structures suggest multi-billion-barrel potential, attracting a wave of new entrants seeking carried positions or technical alliances.
Stamper’s arrival therefore places it within a rapidly evolving upstream landscape. Its low-capital strategy mirrors that of several juniors—such as Sintana Energy and Pancontinental Orange—that leverage carried interests to participate alongside major oil and gas operators.
The company’s near-term focus will be to finalise farm-out discussions for PEL 107 and PEL 102, initiate new seismic acquisition in the Walvis Basin, and align exploration timelines with neighbouring campaigns. Work programmes are being scheduled in coordination with the Ministry of Mines and Energy to ensure compliance and continuity.
“We expect the next twelve months to define our path forward,” Anderson said. “Our team is focused on technical quality, data integrity, and partnerships that can move these assets into drilling.”
For Stamper, the opportunity is clear. Namibia’s offshore is entering a new phase of appraisal and development. By holding small but strategic stakes across multiple basins, the company positions itself to benefit from any discoveries made along Africa’s most promising petroleum frontier—without the capital intensity that has sidelined many of its peers.
