Namibia’s Orange Basin is a highly monitored oil frontier, with large-scale discoveries by companies like Galp, TotalEnergies, and Shell indicating billions of barrels of recoverable resources.

Oregen Energy is expanding its presence in the basin by increasing its ownership in WestOil Limited to 48.5 per cent, giving it a 33.95 per cent indirect working interest in Block 2712A, a 5,484 sq km licence in the Orange Basin.

The move, tied to $3.65 million brokered financing and approval to list on the Canadian Securities Exchange, demonstrates Oregen’s strategy of building a meaningful position in Namibia’s offshore.

Oregen is advancing a clear exploration roadmap for Block 2712A, including an independent technical report, a 3D seismic acquisition campaign, and a farm-out process in 2026. n