Canada’s Stamper Oil & Gas will acquire BISP Exploration for an indirect stake in five offshore Namibian blocks, Stamper said on Wednesday.
The acquisition grants Stamper indirect interests in blocks across the Orange, Walvis and Luderitz basins, including Block 2712A near Chevron’s acreage and Blocks 2213, 2011B and 2111A where Chevron is planning a 2026-2027 drilling campaign. Stamper will also secure Block 2614B in the southern Luderitz Basin, adjacent to the Kudu gasfield, where drilling is slated for later in 2025.
Toronto-listed Stamper will acquire all common shares of British Columbia-based BISP Exploration and assume its contractual obligations, including USD 8.3 million in cash payments and the issuance of 5 million shares.
“Stamper is creating a new offshore Namibian focused oil and gas exploration company with a portfolio spanning three of the four major exploration basins in the country,” Stamper Oil & Gas president and CEO David Greenway said.
Stamper Oil & Gas is a Vancouver-based resource company listed on the TSX Venture Exchange. It focuses on acquiring interests in mineral and oil and gas resource properties linked to energy creation, storage and delivery. The company aims to develop sustainable, commercially viable assets.
Source: theenergyyear.com