Stamper Oil & Gas Corp., a Canadian-listed junior with ambitions far greater than its market size, has positioned itself at the heart of Namibia’s accelerating offshore exploration boom.
Through a blend of working and carried interests, the company now has exposure to five high-impact oil and gas blocks spread across three of the country’s major offshore basins, placing it directly in the path of the discoveries that have redrawn global maps since 2022.
Stamper holds a 32.9 per cent working interest in PEL 107 over block 2712A in the northern Orange Basin.
This area lies just north of the headline-grabbing discoveries by Rhino Resources, Galp Energia and TotalEnergies.
The block spans more than 5,400 square kilometres and lies at depths of 2,800 to 3,900 metres, placing it firmly in deep- and ultra-deep-water territory.
Exploration plans there include the acquisition and reprocessing of existing seismic data, followed by a 3D seismic survey ahead of a planned exploration well in 2027.
Beyond the Orange Basin, Stamper also holds a 5% carried interest in PEL 106 over blocks 2111B and 2011A, and in PEL 98 over block 2213B in the Walvis Basin. Both areas are adjacent to Chevron’s PEL 82, where drilling is expected in 2026 and where earlier work brought oil to the surface in the Wingat well.
PEL 106 contains several prospects with multi-billion-barrel potential, supported by more than 2,000 square kilometres of 3D seismic and legacy 2D coverage.
An Environmental Impact Assessment for additional seismic was granted in July 2025.
In the emerging Lüderitz Basin, Stamper has a 20 per cent carried interest in PEL 102 covering block 2614B. The block lies northeast of PEL 87, where 3D seismic was recently acquired and where joint venture activity is expected to intensify.
Water depths here range from 100 to 1,000 metres, offering lower drilling costs and shorter operational timelines.
Previous basin studies indicate favourable structural and stratigraphic conditions, with good source-rock potential.
The strategic spread of assets gives Stamper a position in nearly every frontier where industry momentum is accelerating.
The Orange Basin alone has delivered three multi-billion-barrel discoveries since 2022. Rhino Resources and Azule Energy tested the Capricornus-1 well in April 2025, achieving a facilities-constrained flow rate of eleven thousand barrels per day.
Galp’s Mopane field, announced in January 2024, has been assessed at seven hundred million barrels of recoverable reserves.
TotalEnergies continues to progress its PEL 56 discoveries toward a development decision expected in 2025 or 2026.
For Stamper, whose shares trade on the TSX Venture Exchange under the symbol STMP, on the US OTC market as STMGF and on the German market as TMP0, the Namibian portfolio represents its central value proposition.
As of October 2025, the company had 115 million shares outstanding at 14 Canadian cents per share, valuing it at roughly $16 million.
The structure remains simple, with no debt and a fully diluted share count of two hundred million.
A significant financing completed in September 2025 brought new institutional and retail investors from thirteen countries, broadening its base ahead of increased exploration activity.
Management believes that long-term value will be created through farm-outs for seismic acquisition, drilling commitments, and selective new-block acquisitions.
The company’s leadership team includes individuals with extensive experience in Namibia and in global oil and gas operations, positioning them to navigate partnerships with supermajors and national companies already active in the region.
Industry momentum is on Stamper’s side. Between seven and ten exploration and appraisal wells are expected to be drilled offshore Namibia each year over the next four years, particularly in the Orange Basin, where activity from Rhino, Azule and BW Energy continues to expand. Additional wells from Chevron in the Walvis Basin are expected in 2026 and 2027.
The northern Orange Basin, where Stamper’s PEL 107 sits, is regarded as one of the most attractive frontier petroleum plays globally, supported by oil seep analysis, maturing data and multiple stacked pay zones.
Upcoming milestones across Namibia include appraisal results from BW Energy’s Kharas well on the Kudu gas field, the Kavango-1X well operated by ReconAfrica and BW Energy in the Kavango Basin, and the expected completion of Galp’s farm-out process on PEL 83, where TotalEnergies, Chevron and Petrobras have shown interest.
A final investment decision on TotalEnergies’ Venus development remains one of the most anticipated events on the continent.
Stamper’s strategy mirrors that of Sintana Energy, whose entry into Namibia in 2021 saw its valuation re-rate as exploration success ramped up.
By securing higher working interests and combining them with carried positions in strategic basins, Stamper aims to follow a similar trajectory as the country’s offshore becomes one of the most active exploration jurisdictions in the world.
With its annual general meeting scheduled for 18 November 2025, the company enters the next phase of its Namibian journey with a portfolio that aligns with the industry’s centre of gravity.
