Northwire Canada EditionSunday, July 12, 2026
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Production / Operations

STAMPER ANNOUNCES CORPORATE UPDATE, ANNUAL GENERAL MEETING DATE AND MARKETING CONTRACTS

STMP · Price

Executive Summary

  • Stamper Oil & Gas Corp. reports the completion of acquiring five offshore Namibian blocks covering four Petroleum Exploration Licences (PEL 107, 106, 102, 98).
  • The company outlines forthcoming work programs, seismic acquisition plans, appraisal drilling activities, and a potential farm‑down/joint‑venture process expected in late 2025 or early 2026.
  • Announces the Annual General Meeting for shareholders on November 18, 2025 and discloses two new digital marketing service contracts totaling €400,000 and US$500,000, respectively, subject to TSXV approval.

Key Details

  • Acquisition Completed: Five blocks across four PELs (Orange Basin, Walvis Basin, Lüderitz Basin).
  • PEL 107 – Orange Basin (32.9% WI): Work program to be advanced with partners; farm‑down JV process anticipated later 2025 or H1 2026.
  • PEL 106 – Walvis Basin (5% CI): Operator Oranto Petroleum reviewing/acquiring a 2D or 3D seismic program, slated to start Dec 2025, augmenting existing 3,000 km of seismic data and supporting four high‑quality prospects.
  • PEL 102 – Lüderitz Basin (20% CI): Kharas appraisal well currently being drilled on PL 003 (BW Energy); follows Volans‑1X exploration well on PEL 85 (Rhino Resources). Both wells aim to improve understanding of block potential with NAMCOR as operator.
  • PEL 98 – Walvis Basin (5% CI): Lamda Energy acquiring 85% operated interest; one‑year extension granted to Feb 2026, with two additional exploration periods available. Expected to accelerate seismic acquisition and drilling ahead of Chevron’s planned 2026 well on adjacent PEL 82.
  • Annual General Meeting: Scheduled for Tuesday, Nov 18, 2025; shareholders of record as of Sep 29, 2025. Documents to be posted on SEDAR+ (Oct 3) and company website.
  • Marketing Contract – Bluehand Consulting AG: €400,000 fee for one‑year digital media marketing services; 50% payable upfront, remainder in three months. Subject to TSXV approval.
  • Marketing Contract – X Media Inc. SEZC: US$500,000 fee for one‑year digital media and communications services; US$400,000 payable at signing, balance in two months. Subject to TSXV approval.

Notable Quotes

  • “The acquisition of these strategic offshore blocks positions Stamper to advance our exploration agenda and create value for shareholders,” – Grayson M. Andersen, Chief Executive Officer.
Read the original news release →

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