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Energy’s New Hotbed: A Junior Player Builds Ground in Namibia

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Namibia’s Offshore Boom: Microcap Explorer Stakes Its Claim

With BP and Petrobras Entering Namibia, This Junior Commands Billion-Barrel Potential

Namibia’s Emergence as the World’s Hottest Offshore Oil Play

In less than three years, Namibia has transformed from an untested frontier into one of the world’s most exciting new oil provinces. Since 2022, TotalEnergies, Shell, Galp Energia, and Rhino Resources have announced multiple discoveries in the Orange Basin, each with the potential for billions of barrels of oil equivalent. These breakthroughs have drawn comparisons to Guyana, where discoveries from a decade ago are now producing nearly a million barrels of oil per day. The implications are enormous: Namibia now sits on the short list of regions that could reshape global energy flows. With majors like Chevron and TotalEnergies, and midcaps like Rhino Resources committing to multi-well drilling programs through 2030, the country is poised for rapid development of a world class upstream oil and gas industry.


While supermajors may dominate headlines, it is microcap explorers that often offer investors the greatest torque. The best example being Eco Atlantic Oil & Gas which has executed two strategic farm out deals in the past year, including one with BP offshore Namibia, resulting in 700% returns in just six months. With carefully chosen acreage and strategic positioning, small-cap exposure can become a leveraged play on the same basin-opening discoveries made by giants.


A Pure-Play Microcap in Namibia’s Offshore Basins

Stamper Oil & Gas Corp. (TSX-V: STMP | US OTC: STMGF | Germany: TMP0) is an oil and gas exploration company focused exclusively on Namibia. Through its acquisition of BISP Exploration Inc. in September 2025 the company has assembled ownership interests in four Petroleum Exploration Licences (“PELs”) across three of the country’s four major basins:

  • Orange Basin (PEL 107, Block 2712A) –32.9% indirect working interest in this 5,484 km² license is located 210 km offshore in the same basin that has already delivered three multi-billion-barrel discoveries since 2022 from TotalEnergies, Shell, Galp and Rhino Resources. This PEL sits adjacent to PEL 90 where Chevron is expected to drill an exploration well in 2026.
  • Lüderitz Basin (PEL 102, Block 2614B) –20% carried interest in a shallow-water block, adjacent to PEL 104 which is in the process of being acquired by supermajors TotalEnergies and Petrobras.
  • Walvis Basin (PEL 98, Block 2213 & PEL 106, Blocks 2111A/2011B) – 5% interests in two blocks adjacent to Chevron-operated acreage where a well is planned in 2026–2027.


Together, these holdings provide Stamper with exposure across three basins, multiple assets for potential transactions with super majors, multiple near-term drilling catalysts, and long-term upside from high impact exploration drilling on its blocks.

Transformational Acquisition

The company’s portfolio came together through the September 2025 acquisition of BISP Exploration. The deal was completed via a three-cornered amalgamation that brought BISP into Stamper as a wholly owned subsidiary.

Key details:

  • Share Exchange: All BISP shares were exchanged for Stamper common shares on a 1:1 basis.
  • Warrants: 32.9 million BISP warrants were exchanged into Stamper warrants (exercise price $0.35, three-year term). Broker warrants exercisable at $0.20 were also issued. Stamper shares traded at just $014 on Thursday, September 18, 2025.
  • Consideration for Assets:  US$5 million cash at closing, 5 million Stamper shares issued to vendors, plus US$1.25 million cash and 8.56 million shares due 12 months post-closing.
  • Financing: A brokered private placement raised C$11.5 million (57.6 million subscription receipts at $0.20) with participation from prominent Canadian investment banks.


The acquisition gives Stamper direct exposure to exploration blocks already de-risked by seismic work and industry drilling nearby. Importantly, it also provides access to upcoming wells where larger partners are expected to carry costs.


Leadership with Namibian Experience

Leadership in frontier exploration matters, and Stamper has brought in one of the most experienced executives in the Namibian oil patch. With the BISP acquisition, Grayson Andersen became CEO of Stamper.

  • Formerly with ReconAfrica (TSX-V: RECO), a with a large onshore Namibian position having drilled five exploration wells on their acreage.
  • Over 25 years of oil and gas and capital markets experience across Canada, the UK, South America, and Africa.
  • Previous roles with Frontera Energy (TSX: FEC), GeoPark (NYSE: GPRK), and Canadian Natural Resources (TSX/NYSE: CNQ).
  • A Chartered Accountant by training, Andersen brings both technical and financial expertise to the company.


This combination of Namibian operating knowledge and capital markets experience positions Stamper well for both execution and financing as the company advances.

The Next Frontier for Oil Majors Could Be a Microcap’s Sweet Spot

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Assets in Detail – Exposure Across Three Basins

Orange Basin (PEL 107 – Block 2712A)

  • Holds a 32.9% indirect working interest.
  • Located northwest of recent discoveries by Rhino Resources (facilities constrained flow rate test of 11,000 bbl/d), Galp Energia (700 million barrels of recoverable oil reserves in 2025), and TotalEnergies (expected field development plan submitted for approval in 2025/2026).
  • Covers 5,484 km², ~210 km offshore.
  • Similar stacked pay systems drilled in Venus-1 (TotalEnergies), Mopane (Galp), Capricornus (Rhino) and Graff-1 (Shell), with wells confirming presence of reservoirs and light oil charge.
  • Farm out process underway targeting seismic acquisition and exploration well commitment.
  • Considered one of the most prospective exploration blocks remaining open to juniors, adjacent to PEL 90 where Chevron will be drilling a well in Q4 2026.


Lüderitz Basin (PEL 102 – Block 2614B)

  • 20% carried interest in shallow water block north of the Kudu Gas Field.
  • Adjacent to PEL 104, recently acquired by TotalEnergies and Petrobras.
  • Carried through drilling, meaning partners fund the bulk of expenditures.
  • Offers earlier exposure to potential discoveries comparable to Orange Basin.


Walvis Basin (PEL 98 & PEL 106 – Blocks 2213, 2111A, 2011B)

  • 5% interests (carried in practice) in acreage located near Chevron’s operated blocks.
  • Adjacent to PEL 97, PEL 99 and PEL 100 recently acquired by BP.
  • Wells planned in 2026–2027.
  • The Walvis Basin has yet to deliver a commercial discovery but is widely viewed as “next in line” for de-risking with potential to be more productive than the Orange Basin.


Collectively, Stamper’s carried interests in Lüderitz and Walvis basins provide near- to mid-term catalysts without major capital outlay, while PEL 107 offers transformational upside as a company-maker.

Namibia’s Drilling Supercycle

Namibia is entering what many analysts describe as a decade-long offshore exploration drilling supercycle. According to the National Petroleum Corporation of Namibia (NAMCOR), between 7 and 10 offshore wells per year are expected through 2032, driven by the likes of Shell, TotalEnergies, Chevron, BP and ExxonMobil.


This cadence is critical: each new well not only tests fresh prospects but also de-risks the wider basin. For juniors like Stamper, discoveries made by neighbors can dramatically increase the implied value of their acreage without a drill bit turning.


The fiscal regime further supports investment. Namibia offers a globally competitive framework:

  • 5% royalty
  • 35% petroleum income tax
  • 10% NAMCOR carried interest


Combined with political stability and strong government support, Namibia has become one of the most attractive exploration jurisdictions globally.


Market Comparisons – The Valuation Gap

Namibian peers offer a useful yardstick for Stamper’s potential:

  • Sintana Energy (TSX-V: SEI): Minority partner in several Namibian blocks; market cap over C$500 million after Galp’s Orange Basin discoveries.
  • Eco Atlantic (TSX-V: EOG): Holds Namibian offshore blocks in Walvis and Orange; with recent farm out transactions, has seen share price appreciation of 700% in 2026.
  • ReconAfrica (TSX-V: RECO): Focused on onshore Kavango Basin; previously soared above C$2 billion market cap.


By contrast, Stamper’s pro forma enterprise value post-BISP acquisition sits around C$28–33 million. With exposure to the same basins and carried interests in near-term drilling, the valuation gap is striking.


As farm out transactions, seismic and exploration activity advance, significant re-rating potential exists. If majors drilling nearby continue to report multi-billion-barrel discoveries, market recognition of Stamper’s strategic positioning could follow.


To lend further credence to Stamper’s differentiating factors and potential price re-rating, consider the recent acquisition by Sintana (TSX-V: SEI) of Challenger Energy (LSE: CEG) in an all-share transaction value at $84 million. With the news, Stamper become the largest pure play Namibian oil and gas exploration play in the market. Sintana is now exposed to Namibia, Angola and now Uruguay. All the other oil and gas exploration companies operating in Namibia have other assets and exposure while Stamper remains Namibia and Namibia only. Historically, Namibian blocks have traded at between US$5-US$10 million per block; Stamper is currently trading at ~US$3.2 million per block.

Namibia’s Offshore Boom: Microcap Explorer Stakes Its Claim

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Upcoming Catalysts

STMP is a ground floor opportunity. The stock just commenced post-acquisition trading. Four upcoming developments to look forward to are: 

  1. Farm Out Transactions – Each of PEL 107, PEL 106, PEL 102 and PEL 98 offer existing and new entrants to Namibia significant exploration potential. Data from PEL 107 program, critical for refining drill targets.
  2. Lüderitz Basin Drilling– Recent entry of TotalEnergies and Petrobras to PEL 104, adjacent to PEL 102.
  3. Walvis Basin Drilling (2026–2027) – Partner-operated wells near Chevron acreage, recent entry of BP.
  4. Orange Basin Exploration Well (2026) – Company-making potential in PEL 107, Shell and Chevron drilling exploration wells in 2026.


Each of these represents an opportunity for market recognition and potential value uplift.


A Microcap with Asymmetric Upside

Namibia is rapidly cementing itself as the next global energy hotspot. With majors committing billions of dollars to multi-year exploration programs, the tide is rising for the entire sector.


For investors, Stamper Oil & Gas (TSX-V: STMP) offers a rare chance to gain leveraged exposure to this story through a pure-play Namibian explorer. With interests in four PELs across three basins - including a significant 32.9% indirect working interest in Orange Basin’s PEL 107 - Stamper combines near-term catalysts with long-term transformative potential.


The recent BISP acquisition, strengthened management team, and competitive valuation set the stage for Stamper to follow in the footsteps of peers like Eco Atlantic and Sintana Energy that have already re-rated on the back of Namibia’s discoveries.


As seismic lines are drawn, wells spud, and discoveries announced, Stamper stands positioned at the forefront of Namibia’s offshore frontier. For microcap investors seeking exposure to one of the most compelling energy stories of the decade, Stamper is a company worth watching closely.

About Stamper

Stamper Oil & Gas

Stamper Oil & Gas is traded on the TSX Venture Exchange under the ticker symbol "STMP", on the US OTC under the ticker symbol "STMGF" and in Germany under the ticker symbol "TMP0". 

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