Some extracts from the Upsteam article also...
Galp stock price hits four-year high after major oil discovery in Namibia's white-hot Orange basin"Knowledge Katti, chief executive of Mopane partner Custos Energy, said previously that the prospect had the potential to house a mean, oil-in-place resource of “up to 10 billion barrels”. Success at Mopane in Block 2813A brings to six the total number of big finds made in Namibia’s prolific Orange basin, augmenting the billions of barrels of oil and trillions of cubic feet of gas found by Shell and TotalEnergies to the south."
"Maggy Shino, Namibia's Petroleum Commission at the Ministry of Mines & Energy, said this oil discovery "showcases our ability to unlock world-scale resources turning Namibia into the world’s next great hydrocarbon province.” Tom Alweendo, Minister of Mines & Energy, added that Galp's success "further demonstrates Namibia’s ability to attract top-tier partners making world scale investments – we look forward to continuing success in this regard.”
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