Rhino Resources in Orange basin19 Apr 2025 09:38
Cape Town-based independent Rhino Resources has hit hydrocarbons with its latest exploration well offshore Namibia, according to multiple sources.
Although it is too early to know if this latest Orange basin find is commercial, the news will be welcomed by Namibia President Netumbo Nandi-Ndaitwah, who came to power last month.
The Capricornus-1X exploration well spudded two months ago in Petroleum Exploration Licence 85 where Rhino is partnered by state-owned Namcor plus BP and Eni through their Azule Energy joint venture.