NAMCOR address Sungara Transaction reports

The National Petroleum Corporation of Namibia (NAMCOR) says it acknowledges the ongoing interest and understands the importance of providing accurate information to maintain transparency with regard to the acquisition of a working interest in Block 15/06 known as the Transaction.

“We want to assure the public that all the parties are fully committed and working together to bring this important Transaction to its logical close, which we expect to be in 2023. NAMCOR would like to request the media and the Namibian nation at large to be cognizant of the commercially sensitive disposition of transactions of this nature and remain patient to allow for a smooth completion of the Transaction,” said in a statement released today.

Therefore, at this juncture, according to NAMCOR, they are unable to disclose any further details or divulge additional information concerning the Transaction.

“Please be assured that NAMCOR remains committed to upholding the highest standards of corporate governance and adhering to all legal and regulatory requirements. NAMCOR appreciates the public’s trust and support during this period. We remain committed to serving the interests of Namibia and its citizens in the energy sector,” the statement reads