Nov. 19 at 10:59 PM
$STMGF Nov 19: Grayson Andersen,CEO, commented: "With our newly elected BOD & significant shareholder & Chairman, M. Goldsmith, we are in a position to start driving forward & executing on our key strategic initiatives which will ultimately end up with drilling taking place on our blocks where we have working or carried interests. With exploration success in the Orange Basin offshore driven by Rhino Resources & their partner Azule Energy, a joint venture between BP & ENI, we could see two or three FID made for projects in 2026. We also continue to expect to see new entrants coming for farm in & farm out activity to remain robust for the remainder of 2025 & throughout 2026. 2026 is expected to be the year where exploration drilling activity resumes in the Walvis Basin, where Stamper has Petroleum Exploration Licences ("PELs") 106 & 98. We believe that the Walvis Basin may become the most prolific basin for Namibia with large prospects, better quality sands & high quality reservoirs."
