Cape Town: Namibia’s Orange Basin has become one of the most closely watched oil frontiers in the world, with large-scale discoveries by Galp, TotalEnergies, and Shell pointing to billions of barrels of recoverable resources. As international operators move toward appraisal and development, Oregen Energy is expanding its footprint in the basin, offering investors early exposure to one of Africa’s most prolific plays.

According to African Press Organization, Oregen Energy recently announced it had increased its ownership in WestOil Limited to 48.5%, giving the company a 33.95% indirect working interest in Block 2712A – a 5,484 km² license strategically located in the heart of the Orange Basin and adjacent to acreage held by Pan Continental and Chevron. The move, tied to a $3.65 million brokered financing and its approval to list on the Canadian Securities Exchange, underscores Oregen’s strategy of building a meaningful position in Namibia’s offshore.

The company is advancing a clear exploration roadmap for Block 2712A, including an independent technical report, a 3D seismic acquisition campaign planned for late 2025/early 2026, and a farm-out process in 2026 designed to bring in a supermajor partner ahead of targeted drilling in 2027. Oregen’s business model emphasizes acquiring large working interests in deepwater licenses, de-risking them through seismic acquisition, and farming out to major operators with capital and technical depth.

As a sponsor of this year’s AEW: Invest in African Energies in Cape Town, Oregen Energy will showcase its Orange Basin strategy and engage with regional and international stakeholders. The event will provide a platform for highlighting Namibia’s transformative potential as it moves from frontier exploration to emerging producer – and for Oregen to demonstrate how early-stage players can help drive that transition.