Frequently Asked Questions
Everything you need to know about Stamper Oil & Gas, STMP stock, Orange Basin discoveries, and Namibia's offshore oil boom.
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Company & Stock Information
What is Stamper Oil & Gas Corp?
Stamper Oil & Gas Corp (TSX-V: STMP, OTC: STMGF, DE: TMP0) is a publicly traded oil and gas exploration company focused exclusively on offshore Namibia. The company holds 5 Petroleum Exploration Licences across three strategic basins: Orange, Walvis, and Lüderitz. Stamper provides investors with early-stage exposure to one of the world's most compelling petroleum frontiers, featuring an 87.5% exploration success rate (14 of 16 wells successful since 2022).
What are Stamper's ticker symbols and where can I trade STMP stock?
Stamper Oil & Gas trades under three ticker symbols: TSX-V: STMP (primary listing on TSX Venture Exchange in Canada), OTC: STMGF (US OTC Markets for American investors), and DE: TMP0 (German stock exchanges for European investors). All three symbols represent the same underlying company—choose based on your geographic location and preferred currency (CAD, USD, or EUR).
What is Stamper's current market capitalization and valuation?
Stamper Oil & Gas currently trades at approximately $10 million USD market capitalization. However, probability-weighted risked NAV modeling suggests a valuation of ~$255 million (25x current levels), with unrisked NAV exceeding $1.5 billion in full-success scenarios. This asymmetric valuation represents the core investment thesis for risk-tolerant investors seeking exposure to Namibia's offshore potential.
How does STMP compare to Sintana Energy (SEI)?
Sintana Energy (TSX-V: SEI) and Stamper Oil & Gas (TSX-V: STMP) are often compared as Namibia-focused exploration companies. Sintana's market cap rose from $27M pre-discovery to over $200M as nearby supermajor discoveries de-risked its acreage. Sintana currently trades at $225-250M. Stamper trades at ~$10M despite having a more diversified portfolio across three basins (Orange, Walvis, Luderitz) versus Sintana's primary Orange Basin focus, suggesting potential re-rating opportunity if partner drilling delivers positive results.
Orange Basin & Namibia Oil
What is the Orange Basin and why is it important?
The Orange Basin is an offshore petroleum basin along Namibia's southern coast that has emerged as one of the world's hottest oil exploration plays. Since 2022, the Orange Basin has yielded multiple multi-billion barrel discoveries by supermajors including Shell (Graff, La Rona, Jonker), TotalEnergies (Venus - 3B barrels), and Galp (Mopane). The basin features exceptional geology with Cretaceous source rocks, turbidite reservoirs, and light sweet crude. TotalEnergies plans Final Investment Decision (FID) on its Venus project within 6 months, which would be Namibia's first sanctioned major offshore development.
What is Namibia's oil exploration success rate?
Namibia has recorded an 87.5% offshore exploration success rate since 2022, with 14 successful wells out of 16 drilled. This is exceptionally high compared to global offshore averages of 20-40%. The high success rate reflects world-class petroleum system fundamentals: proven Cretaceous source rocks (same formations as Brazil's pre-salt and Angola's 13B barrel reserves), high-porosity turbidite reservoirs, structural and stratigraphic traps, and premium light sweet crude quality (32-35° API, <0.5% sulfur).
Which major oil companies are active in Namibia?
Namibia has attracted unprecedented supermajor commitment: Shell (Graff, La Rona, Jonker discoveries), TotalEnergies (Venus discovery, $3B+ development commitment), QatarEnergy (49% stake in TotalEnergies blocks), Chevron (Walvis Basin PEL 82, drilling 2026-2027), Galp Energia (Mopane discovery, 10B barrel potential), ExxonMobil (exploration acreage), BW Energy (Kudu gas field appraisal), and Rhino Resources/Azule Energy (BP/ENI joint venture with multiple discoveries). Combined, these companies have committed over $10 billion to Namibian exploration and development.
When will Namibia start producing oil?
First oil production from Namibia is expected 2028-2029. TotalEnergies' Venus project is targeting FID (Final Investment Decision) in 2025, with first oil approximately 3-4 years post-FID. Shell's discoveries (Graff, Jonker) are on similar timelines. This 4-6 year development window is typical for deepwater projects requiring FPSO (Floating Production Storage and Offloading) infrastructure. For investors, this creates a clear timeline: 2025-2027 represents the appraisal and FID phase (when valuations typically 2-5x), 2028-2029 first oil (5-10x re-ratings common), and 2030+ mature production.
Stamper's Assets & Portfolio
What is a carried interest and why does it matter?
A carried interest means a partner company funds 100% of exploration costs (seismic, drilling, testing) while Stamper retains its ownership percentage without capital contribution until commercial production. This is crucial for junior exploration companies as deepwater wells cost $50-100M each. Stamper holds carried interests on PEL 98 (5%), PEL 102 (20%), and PEL 106 (5%), totaling exposure to potential multi-billion barrel resources without proportionate capital burden. If partners make discoveries, Stamper benefits from de-risked acreage and potential production revenue without having shouldered exploration costs. This creates asymmetric upside for shareholders.
What assets does Stamper Oil & Gas own in Namibia?
Stamper holds 5 Petroleum Exploration Licences: (1) PEL 107 (Block 2712A) - Orange Basin: 5,484 km², 32.9% working interest, adjacent to TotalEnergies Venus discovery; (2) PEL 98 (Block 2213B) - Walvis Basin: 5,700 km², 5% carried interest, Lambda Energy accelerating activity; (3) PEL 106 (Blocks 2011B & 2111A) - Walvis Basin: 11,542 km², 5% carried interest, Oranto Petroleum operator with 3D seismic planned; (4) PEL 102 (Block 2614B) - Luderitz Basin: 5,511 km², 20% carried interest. Total acreage: 28,237 km² (approximately 7 million acres) across three strategic basins.
What is Stamper's strategy for PEL 107 in the Orange Basin?
PEL 107 represents Stamper's highest working interest (32.9%) and most de-risked acreage, being directly adjacent to TotalEnergies' 3-billion-barrel Venus discovery. Strategy is to farm down (sell partial interest to a supermajor operator) while retaining 5-10% carried interest through exploration and development. This allows Stamper to monetize current position, bring in a deep-pockets operator with drilling capability, and maintain meaningful exposure to potential discoveries—all without funding expensive deepwater wells. With Venus FID expected within 6 months, farm-out negotiations are advancing as operators seek proximity to proven infrastructure.
What are the 2025-2027 catalysts for STMP stock?
Near-term 2025 catalysts: (1) Rhino's Volans-1X exploration results (calibrates regional play concepts), (2) BW Energy Kudu gas field appraisal (Luderitz Basin), (3) PEL 106 3D seismic acquisition (Walvis Basin), (4) PEL 107 farm-down progress (Orange Basin). Medium-term 2026-2027 catalysts: (1) Chevron drilling campaign in Walvis Basin (adjacent to Stamper's PEL 98 & 106), (2) TotalEnergies Venus FID announcement (de-risks PEL 107), (3) Multi-operator drilling across Namibia's offshore basins, (4) Potential farm-out transactions on Stamper-held acreage. These are primarily partner-driven catalysts, reducing dependency on Stamper's own capital.
Investment Questions
Why should I invest in STMP stock?
STMP stock offers asymmetric risk/reward in a proven petroleum province. Key investment thesis points: (1) 25x probability-weighted upside from current $10M valuation to $255M risked NAV; (2) Carried interest model provides exploration exposure without proportionate capital burden; (3) 87.5% regional success rate dramatically reduces geological risk versus typical frontier plays; (4) Supermajor-driven catalysts (Venus FID, Chevron drilling) provide clear timeline for potential re-rating; (5) Multi-basin diversification across Orange, Walvis, and Luderitz reduces single-asset risk; (6) Sintana Energy precedent shows 7-10x valuations are achievable when nearby discoveries de-risk acreage. This is suitable only for risk-tolerant investors with 3-5 year time horizons.
What are the main risks of investing in STMP stock?
High-risk factors investors must consider: (1) Geological Risk - despite 87.5% regional success, no guarantee of success on Stamper's specific acreage; (2) Capital Requirements - company may need to raise funds via share issuance (dilution); (3) Operator Dependencies - exploration timelines controlled by partner operators, not Stamper; (4) Market Liquidity - junior exploration stock with limited trading volume; (5) Commodity Exposure - oil price dependency (break-even economics ~$40-50/barrel for deepwater); (6) Long Timeline - 4-6 years until potential production revenue; (7) Total Loss Potential - exploration stocks can go to zero if no commercial discoveries. Only invest capital you can afford to lose completely.
How does Stamper compare to investing in Shell or TotalEnergies?
Stamper (STMP) and supermajors (Shell, TotalEnergies) offer different risk/reward profiles: Supermajors = Low Risk, Moderate Return - Shell/Total provide stable, diversified exposure with global production, dividends, and established infrastructure. Expect 50-150% returns over 5 years from Namibia success. Suitable for conservative investors. Stamper = High Risk, High Return - Pure-play Namibia exploration with no current production or revenue. Potential 500-2500%+ returns if discoveries made and developed, but also risk of total loss. Suitable only for aggressive risk-takers. Analogy: Supermajors are buying Namibian real estate after the city is built; Stamper is buying land before construction starts—much higher risk, exponentially higher potential return.
What is the investment timeline for STMP stock?
Recommended investment timeline is 3-7 years for full cycle opportunity: Phase 1 (2025): Discovery/appraisal phase - current accumulation window while stock trades at $10M. Phase 2 (2025-2027): Appraisal drilling and FID announcements - expect 2-5x re-rating as nearby supermajor results de-risk acreage. Historical precedent: Sintana Energy went from $27M to $200M during this phase. Phase 3 (2027-2028): FID and development sanctioning - typically triggers additional 2-3x re-rating as projects move from exploration to development. Phase 4 (2028-2029): First oil from Namibia basin - 5-10x re-ratings common when production starts and revenue visibility improves. Phase 5 (2029+): Exit or hold for production - valuations stabilize, upside becomes more limited. Optimal strategy: accumulate 2024-2025, hold through volatility 2025-2028, consider profit-taking 2028-2029 at first oil.
Technical & Trading
What's the difference between STMP, STMGF, and TMP0?
STMP (TSX-V), STMGF (OTC), and TMP0 (German Exchange) are three ticker symbols for the same company—Stamper Oil & Gas Corp. Differences: STMP trades on TSX Venture Exchange in Canadian Dollars (CAD), best for Canadian investors; STMGF trades on US OTC Markets in US Dollars (USD), accessible through most US brokers (Schwab, Fidelity, etc.); TMP0 trades on German exchanges (Frankfurt, Stuttgart, Munich) in Euros (EUR), ideal for European investors. All three represent identical underlying shares—price differences reflect currency conversion and market-specific liquidity. Choose based on your location and broker access.
Where can I find STMP stock price and quotes?
Live STMP stock quotes available at: Yahoo Finance (STMP.V for TSX-V listing), Stockhouse (v.stmp for community discussion and charts), MarketWatch (STMGF for US OTC listing), Google Finance (search 'TSX-V:STMP'), and investing.com. Note: OTC stocks (STMGF) may have wider bid-ask spreads and delayed quotes compared to primary TSX-V listing. For most accurate real-time pricing, use TSX-V: STMP quotes. Trading hours: TSX-V operates 9:30 AM - 4:00 PM EST. OTC markets trade 9:30 AM - 4:00 PM EST. German exchanges trade 8:00 AM - 8:00 PM CET.
Can US investors buy STMP stock?
Yes, US investors can buy Stamper Oil & Gas through the OTC ticker symbol STMGF. Most major US brokers support OTC trading: Charles Schwab (OTC fee typically $6.95/trade), Fidelity (supports OTC stocks), E*TRADE (OTC trading available), TD Ameritrade (OTC access), Interactive Brokers (low OTC commissions). To trade: (1) Ensure your broker account is enabled for OTC securities (some require opt-in), (2) Search for ticker 'STMGF', (3) Place limit order (recommended) or market order, (4) Note that OTC stocks may have wider spreads than major exchanges. Alternative: US investors can also access TSX-V directly through international brokers like Interactive Brokers.
How do I buy Stamper Oil & Gas stock in Europe?
European investors can trade Stamper Oil & Gas via German exchanges using ticker symbol TMP0. Access through: German brokers (Comdirect, Consorsbank, ING DiBa, Trade Republic, Scalable Capital), International brokers (Interactive Brokers, Degiro), and European online trading platforms. Available exchanges: Frankfurt (Frankfurter Börse), Stuttgart (Börse Stuttgart), Munich (Börse München), and other German regional exchanges. Trading in EUR eliminates currency conversion fees for European investors. Note: Liquidity may be lower on German exchanges compared to primary TSX-V listing—consider using limit orders to control execution price.
Industry & Market Context
How does Namibia compare to other oil frontiers like Guyana?
Namibia and Guyana are the world's two hottest offshore oil frontiers with important differences: Guyana (discovered 2015): 11+ billion barrels discovered, ExxonMobil-led, already producing 600,000 bpd, multiple FPSOs operational, established infrastructure, lower-risk investments. Namibia (discoveries 2022-2024): 11+ billion barrels discovered so far, multiple supermajors active, first production 2028-2029, pre-FID (higher risk but potentially higher returns for early investors), 87.5% success rate (higher than Guyana's early phase). Investment opportunity: Guyana is 8-10 years ahead of Namibia in development cycle. Early Guyana investors (2015-2017) saw 500-2000% returns. Namibia is currently in that early accumulation phase (2024-2025), offering similar return potential for risk-tolerant investors.
What is carried interest vs working interest?
Working Interest = Company owns X% of a petroleum licence and must pay X% of all costs (seismic, drilling, development, operations) and receives X% of revenues. Example: Stamper's 32.9% working interest in PEL 107 means it pays 32.9% of costs and receives 32.9% of revenues. Carried Interest = Company owns X% but a partner pays 100% of costs up to a defined point (usually through exploration, sometimes through development). Company receives X% of revenues if commercial discovery made. Example: Stamper's 20% carried interest in PEL 102 means partner funds all drilling; if discovery made, Stamper receives 20% of production without having paid exploration costs. For investors: Carried interests are highly attractive in capital-intensive deepwater exploration—providing upside exposure without cash burn risk. Stamper's portfolio balances 32.9% working interest (Orange Basin, most de-risked) with multiple carried interests (Walvis & Luderitz, partner-funded).
What is an FPSO and why does it matter for Namibia oil?
FPSO (Floating Production Storage and Offloading) is a ship-shaped vessel that processes oil/gas from subsea wells, stores it onboard, and offloads to tankers for export. Critical for Namibia because: (1) Deepwater offshore production requires FPSOs (alternative fixed platforms not feasible at 2,000-3,000m water depth), (2) No existing pipeline infrastructure in Namibia—FPSO allows production without building pipelines to shore, (3) Each FPSO costs $2-3 billion, requiring supermajor capital and Final Investment Decision (FID), (4) TotalEnergies' Venus FPSO (FID expected 2025) will be Namibia's first, creating infrastructure anchor for future tie-backs. For investors: FPSO FID announcements are major catalysts—they signal transition from exploration to development, de-risk surrounding acreage, and enable future discoveries to tie back to existing infrastructure at lower development costs.
What is FID (Final Investment Decision) and why is Venus FID important?
FID (Final Investment Decision) is when an oil company formally approves a multi-billion dollar development project and commits capital for construction. Pre-FID = exploration/appraisal phase, no committed development spending, higher risk. Post-FID = development committed, FPSOs ordered, wells being drilled, production timeline locked, dramatically lower risk. TotalEnergies' Venus FID (expected within 6 months, likely mid-2025) is transformational for Namibia because: (1) First sanctioned major project offshore Namibia—proves commercial viability, (2) $3+ billion commitment signals supermajor confidence in basin, (3) De-risks surrounding acreage including Stamper's adjacent PEL 107, (4) Creates infrastructure anchor for future tie-back opportunities, (5) Attracts additional operator interest and farm-out activity. Historical precedent: Guyana's first FID (2017) triggered sector-wide re-rating, with nearby explorers seeing 300-1000%+ stock price increases as basin risk evaporated.
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