Mr. Sean McGrath reports
SUPERNOVA INITIATES NI51-101 REPORT ON OFFSHORE LICENSE IN ORANGE BASIN, NAMIBIA
Supernova Metals Corp. has engaged 05 Management Ltd. U.K. and Pioneer Oil and Gas Consulting Ltd. to prepare a National Instrument 51-101 technical report on its recently acquired 8.75-per-cent indirect ownership interest in Block 2712A located in the Orange basin, offshore Namibia.
About the Orange basin
Namibia is underexplored with less than 25 offshore wells drilled along a coastline of about 1,300 kilometres.
The Orange basin, offshore Namibia, is rapidly emerging as one of the most promising oil and gas exploration frontiers, with significant hydrocarbon potential. Located along the Atlantic Ocean's southwestern coast, the basin has attracted major international energy companies due to its vast untapped resources. Recent discoveries, particularly in deepwater areas, have revealed substantial oil and gas reserves, sparking a wave of investment in the region. In 2025, a remarkable capital influx is expected, with billions of dollars being deployed in exploration, development and infrastructure. This surge in investment underscores Namibia's growing significance in the global energy landscape, making it a key player in the future of hydrocarbons. With its favourable geological conditions, modern exploration technologies and supportive regulatory environment, the Orange basin is poised to be a critical contributor to global energy supplies in the years to come.
We seek Safe Harbor.
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