Namibia – A Major Emerging Oil Frontier
Namibia has rapidly become one of the world’s most exciting oil exploration regions, capturing global attention with substantial recent offshore discoveries. In just the past few years, Namibia’s offshore basins—particularly the Orange Basin—have emerged as some of the most promising and under-explored petroleum systems on the planet, closely mirroring the transformational oil discoveries recently seen in Guyana.
Total offshore reserves in Namibia are currently estimated to be around 20 billion barrels of oil, reflecting the tremendous exploration success achieved by some of the world’s leading oil majors.
Major recent discoveries:
TotalEnergies Venus-1X
~5.1 billion barrels (Africa’s largest-ever Sub-Saharan find)
Shell Graff-1X:
~2.38 billion barrels
Shell Jonker-1X
~2.5 billion barrels
Galp Mopane Field
~10 billion barrels oil equivalent (oil & gas)
Namibia – A Major Emerging Oil Frontier
Namibia has rapidly become one of the world’s most exciting oil exploration regions, capturing global attention with substantial recent offshore discoveries. In just the past few years, Namibia’s offshore basins—particularly the Orange Basin—have emerged as some of the most promising and under-explored petroleum systems on the planet, closely mirroring the transformational oil discoveries recently seen in Guyana.
Total offshore reserves in Namibia are currently estimated to be around 20 billion barrels of oil, reflecting the tremendous exploration success achieved by some of the world’s leading oil majors.
Major recent discoveries:
TotalEnergies Venus-1X
~5.1 billion barrels (Africa’s largest-ever Sub-Saharan find)
Shell Graff-1X:
~2.38 billion barrels
Shell Jonker-1X
~2.5 billion barrels
Galp Mopane Field
~10 billion barrels oil equivalent (oil & gas)
Project Highlights
Strategic Position in Namibia:
Supernova Metals Corp. has secured a highly strategic position through its interest in offshore Block 2712A, directly adjacent to licenses held by global energy super majors including Chevron and Shell.
- Block 2712A covers 5,484 km² of prime offshore acreage.
- Water depths range from 2,800 to 3,900 meters, similar to recent large-scale discoveries made by Total.
- Initially acquired 8.75% indirect working interest in Block 2712A (Jan 2025).
- Plan to increase ownership significantly to gain Operatorship through an additional acquisition, providing substantial upside potential.
Near-Term Exploration Activities:
Supernova is actively advancing exploration on Block 2712A with the following clear milestones planned for 2025–2026:
- Acquisition and detailed interpretation of existing and new 2D and 3D seismic data.
- Conducting an independent technical report (expected completion in March 2025).
- Initiation of a strategic farm-out process (targeting late 2025 to early 2026), designed to attract major industry partners and accelerate exploration.
Why Namibia? Why Now?
Namibia’s offshore Orange Basin is experiencing an unprecedented surge in exploration activity, rapidly evolving into a globally significant oil frontier. For investors, this represents an exceptional early-stage opportunity in a region poised for substantial growth.
Top Reasons Namibia Is Now a Key Oil Exploration Frontier:
- Global Oil Demand Rising: Despite the global energy transition, the International Energy Agency forecasts oil demand growth of over 1 million barrels/day in 2025, emphasizing continued reliance on new discoveries.
- Fair and Stable Government Commercial Terms: Government actively supports fast-tracking oil and gas developments.
- Limited Blocks Available: Few junior exploration companies have secured positions, increasing potential competition and driving up asset values.
Strategic Positioning in Block 2712A
Supernova’s primary asset is Block 2712A, strategically located in Namibia’s highly prospective offshore Orange Basin. Situated directly adjacent to recent major discoveries and active exploration licenses held by leading global oil majors, this asset represents significant exploration potential and investment upside. Block 2712A spans 5,484 km² in the heart of one of the world’s most active new exploration regions, Adjacent to licenses operated by global majors Chevron and Shell.

Key Asset Highlights:
Favorable Geological Setting
- Water depths range from 2,800 to 3,900 meters, similar to major recent discoveries nearby.
- Geologically comparable to recent significant finds (Venus, Graff, Jonker, Mopane).
Government and License Terms
- Attractive exploration license terms with a favorable initial 4-year exploration period, extendable for an additional two periods of 2-years each.
- Government take (~55%) is competitive internationally, in line with proven successful jurisdictions (such as Guyana).
Initial Work Program & Farm-out Structure

- Prepare independent technical report (expected March 2025)
- Purchase, interpret and evaluate existing 2D seismic data over the 2712A and 2812 Licenses
- Acquire new infill 2D and 3D seismic over the 2712A license on a multi-client structure with seismic contractor
- Initial Data room and Farm-out process
- Farm-out strategy to include a cash payment and carried interests on exploration wells and seismic
Supernova’s Exploration Strategy (2025-2026)
Supernova Metals Corp. is actively advancing its exploration and development strategy for Block 2712A in Namibia’s prolific offshore Orange Basin. We have established a clear, phased exploration plan designed to rapidly unlock the potential value of our strategic asset.
Clear Roadmap for Value Creation:
Independent Technical Evaluation (March 2025)
- Completion of an independent technical report evaluating geological potential, hydrocarbon prospects, and seismic interpretations.
Acquisition & Interpretation of Seismic Data (Q2-Q4 2025)
- Q2 2025: Acquisition and interpretation of existing 2D seismic data, providing immediate insight into the subsurface geology.
- Q4 2025: Acquisition of new high-resolution infill 2D and advanced 3D seismic data over Block 2712A through partnerships with leading seismic providers.
Strategic Farm-Out Process (Q2-Q3 2026)
- Late 2025: Opening of a comprehensive data room, engaging major global oil companies interested in the region.
- Actively pursuing strategic farm-out agreements, including:
- Cash payments
- Carried interests for seismic and future exploration wells
Exploration Drilling and Development (2027)
- Targeting commencement of drilling activities post successful farm-out, leveraging partner funding and operational expertise.
- Potential rapid advancement from exploration to appraisal drilling based on seismic and initial exploration outcomes.