Namibia

Namibia

Namibia is emerging as one of Africa’s most promising frontiers for oil exploration, with offshore basins, particularly the Orange Basin, attracting significant international interest following recent discoveries. The sector is expected to play a transformative role in Namibia’s economy, supporting industrialisation, energy security, and broad-based economic transformation.

Simntana’s portfolio in Namibia currently comprises of:

• indirect interests in four large, highly prospective petroleum exploration licences (“PEL“) in the Orange Basin, offshore Namibia, including an indirect carried interest in PEL 83, home of the Mopane discoveries that were made in 2023 and 2024, as well as indirect interests in PELs 79, 87 and 90
• an indirect interest in one PEL offshore Namibia in the Walvis Basin (PEL 82)
• an indirect interest in one PEL onshore Namibia in the Waterberg Basin (PEL 103)