Stamper Oil & Gas Corporation has resumed trading on the TSX Venture Exchange under the ticker symbol “STMP” and on the US OTC market as “STMGF,” following a three-month halt tied to its transformative acquisition of BISP Exploration Inc.
The deal hands Stamper a portfolio of five Namibian offshore blocks across the Orange, Walvis, and Lüderitz basins, marking its entry into one of the world’s most closely watched exploration frontiers.
Through the acquisition, Stamper secures a 47 per cent stake in Block 2712A in the Orange Basin, northwest of TotalEnergies’ Venus and Galp Energia’s Mopane discoveries.
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.
Industry veteran Grayson M. Andersen, who previously led BISP, has been appointed as Stamper’s new Chief Executive Officer.
The acquisition 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 make additional milestone-linked payments.
In announcing the transaction, the African Energy Chamber hailed it as a “big win” for Namibia, saying it would stimulate logistics, drilling services, and supply chains while creating new jobs and opportunities for local communities.
The timing of Stamper’s entry coincides with a flurry of exploration activity offshore Namibia.
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 at the end of September 2025 under PPL 003. Meanwhile, ReconAfrica, BW Energy, and Namcor are drilling the Kavango-1X well in PEL 73, expected to conclude in November.
Elsewhere in the Orange Basin, Galp Energia and its partners Custos (which includes Sintana) and Namcor are finalising a farm-out process on PEL 83, with TotalEnergies, Chevron, and Petrobras among the likely participants.
Pancontinental Energy, Custos, and Namcor are also advancing farm-out discussions for PEL 87.
Market watchers note that new entrants, including Petrobras and other supermajors, may soon expand the roster of players in Namibia’s offshore scene.
Despite the risks of high-cost deepwater drilling, Stamper sees itself well-positioned in this dynamic environment.
“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 the TSXV and US OTC markets.
With BISP’s assets in hand, trading resumed, and a strengthened leadership team, Stamper Oil & Gas has planted its flag firmly in Namibia.
