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The latest announcement is out from Stamper Oil & Gas ( (TSE:STMP) ).
Stamper Oil & Gas Corp. has announced a definitive agreement to acquire BISP Exploration Inc., a move that will establish a new offshore Namibian-focused oil and gas exploration company. This acquisition will give Stamper exposure to five blocks across three major exploration basins in Namibia, including the prolific Orange basin. The transaction involves a three-cornered amalgamation and the assumption of BISP’s outstanding debts and contractual obligations. This strategic acquisition is anticipated to enhance Stamper’s positioning in the Namibian oil and gas sector, potentially impacting its market presence and stakeholder interests.
More about Stamper Oil & Gas
Stamper Oil & Gas Corp. is a company operating in the oil and gas industry, with a focus on exploration activities. The company is primarily involved in offshore oil and gas exploration, particularly in Namibia, where it aims to leverage its leadership’s extensive experience in the region.
Average Trading Volume: 6,208
Technical Sentiment Signal: Sell
Current Market Cap: C$3.89M
See more data about STMP stock on TipRanks’ Stock Analysis page.