Impact Oil & Gas Limited (“Impact” or the “Company”), a privately owned, Namibia-focused exploration and development company, is pleased to announce that, following receipt of the required regulatory and joint venture approvals, it has completed the corporate reorganisation announced on 26 May 2026.
The transaction separates Impact’s Namibian exploration and development business, which contains the Venus oil discovery, from its South African exploration portfolio, creating two distinct businesses with a clearer strategic focus.
Impact has completed the sale of Impact Africa Limited (“IAL”), the company which holds the South African licences, together with certain related assets, to Impact Energies Limited (“Impact Energies”), formerly IOG Energies Limited, a subsidiary of Impact’s majority shareholder, Deepkloof Limited. Impact Energies will operate as a standalone business focused on progressing the South African exploration portfolio.
The reorganisation does not affect the ownership of Impact or its Namibian asset base. Impact will continue to hold a 9.5% participating interest in each of Blocks 2912 and 2913B, with Block 2913B containing the Venus oil discovery. This transaction allows Impact to focus its resources on advancing its Namibian exploration and development portfolio, where the joint venture is working towards taking a final investment decision on the Venus field development. To provide a clear distinction from Impact Energies, Impact intends to change its corporate name in due course. The change of name will have no effect on Impact’s business, assets or shareholdings.
Siraj Ahmed, Chief Executive Officer of Impact, commented:
“Completion of the reorganisation marks an important milestone for Impact, creating a more focused business dedicated to unlocking the significant value of our Namibian portfolio. With the Venus joint venture progressing towards a final investment decision, we are well positioned to support the development of this world-class discovery and the ongoing exploration across Blocks 2913B and 2912.”
