Impact Oil & Gas Limited Completes Restructuring of Namibia and South Africa Portfolios

Impact Oil & Gas Limited (IOG), a privately owned oil and gas exploration company operating in Africa’s offshore sectors, has completed a corporate reorganisation separating its Namibian exploration and development business from its South African exploration portfolio.

The company reported the completion in a press release issued on Thursday, following regulatory and joint venture approvals, the reorganisation was initially announced on 26 May 2026.

The transaction involved the sale of Impact Africa Limited (IAL), which holds the company's South African licences, together with certain related assets, to Impact Energies Limited, formerly known as IOG Energies Limited.

Impact Energies is a subsidiary of Deepkloof Limited, IOG's majority shareholder, and will operate as a standalone business focused on progressing the South African exploration portfolio.

However, the transaction does not affect IOG's ownership or its Namibian asset base, according to the press release, adding that the company will retain a 9.5% participating interest in each of Blocks 2912 and 2913B offshore Namibia, with Block 2913B containing the Venus oil discovery.

IOG stated that the reorganisation would allow it to focus its resources on advancing its Namibian exploration and development portfolio, where the joint venture is working towards a final investment decision on the Venus field development.

The company also intends to change its corporate name to distinguish itself from Impact Energies, although the proposed name change will not affect its business, assets or shareholdings.

Impact Oil & Gas Limited's Chief Executive Officer, Siraj Ahmed said the reorganisation had created a more focused business dedicated to advancing the company's Namibian exploration and development 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," he said.

IOG highlighted that it continues to own approximately 20% of Africa Energy Corp, a company listed on the TSX Venture Exchange (TSXV), with interests in the Brulpadda-1X and Luiperd-1X gas condensate discoveries in Block 11B/12B offshore South Africa.