Oregon Energy prepares Block 2712A in Orange Basin for a farm-out

Oregen Energy intends to prepare Block 2712A (Petroleum Exploration Licence 107) in the Orange Basin for a farm-out to a strategic major oil company once technical de-risking is complete.The company’s current technical programme focuses on advancing subsurface work by licensing existing 2D seismic data and acquiring new 3D seismic data to refine prospect leads and identify drill-ready targets.In addition, Oregen has ongoing technical evaluations and strategic discussions to secure further interests in the basin, aligning with its strategy to build a high-potential exploration portfolio across one of the world’s most active offshore frontiers.In its October update, Oregen says it remains open to new financing structures and partnerships consistent with its staged risk-management approach.The company has also pledged continued engagement with shareholders and prospective investors as it executes its near-term milestones.Through its August 13, 2025 acquisition of Oranam Energy Limited, Oregen now holds an indirect 33.95 per cent net interest in Block 2712A via a 48.5 per cent equity stake in WestOil Limited, which operates with a 70 per cent working interest.Covering about 5,484 square kilometres, the block lies near some of Namibia’s most celebrated oil finds—Galp’s Mopane, TotalEnergies’ Venus, Shell’s Graff and Rhino’s Capricornus (a BP-ENI joint venture)—placing Oregen in a neighbourhood that has rapidly become a global exploration hotspot.The company’s listing on the Canadian Securities Exchange under the ticker ORNG took effect on August 27, 2025, following exchange approval of its fundamental change.Oregen’s shares also trade in Frankfurt under the symbol A1S0, and preparations are underway for an OTCQB listing to expand visibility among North American investors.These developments have improved Oregen’s capital-markets access and investor recognition at a crucial moment in its growth trajectory.Coinciding with the Oranam acquisition, Oregen completed the first tranche of a brokered equity financing valued at about US$3.6 million.Led by Research Capital Corp. with syndicate members Canaccord Genuity Corp. and Roth Canada Inc., the raise provides funding for the acquisition, technical programmes, and general corporate purposes.This financial injection enables the company to pursue seismic work and position Block 2712A for farm-out discussions.The Namibian Orange Basin has become one of the world’s most dynamic offshore exploration theatres, where discoveries by TotalEnergies, Shell, Galp, and Rhino Resources have de-risked key plays and triggered global interest.Oregen’s strategy is to consolidate meaningful working interests in promising blocks, progress them through detailed seismic and geological studies, and then secure value-enhancing partnerships with major operators.TotalEnergies is expected to reach a Final Investment Decision on its giant Venus discovery in 2026, while Shell is preparing for another exploration campaign. Galp’s Mopane farm-out has drawn significant industry attention, and Rhino’s recent results have reinforced confidence in the basin’s multi-billion-barrel potential. Amid this surge of activity, Oregen’s expansion into Block 2712A positions it to capitalise on the basin’s momentum and contribute to Namibia’s growing role in the global energy transition.To steer its Orange Basin growth plan, Oregen restructured its leadership team following the acquisition.Mason Granger serves as Chief Executive Officer and Director, Sean McGrath as Chief Financial Officer and Director, and Stuart Munro as Vice President of Exploration.Together they bring a mix of financial discipline, geological insight and corporate experience essential for the next phase of development.Oregen’s near-term priorities are clear: consolidate additional acreage, execute seismic programmes to mature drill targets, and form partnerships that advance exploration efficiently and responsibly.With capital in place and activity across the Orange Basin intensifying, Oregen Energy says it is well-positioned to seize one of the most compelling frontier oil opportunities of the decade.

Oregon Energy prepares Block 2712A in Orange Basin for a farm-out

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Republikein 2025-10-22

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Oregon Energy prepares Block 2712A in Orange Basin for a farm-out

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