Speculation on the value and size of the Namibian oil find in which South Africa’s Hosken Consolidated Investments’ has an indirect investment saw its share price rocket last week. The black empowerment investment holding company whose major shareholder is the South African Clothing and Textile Workers Union, has holdings in various companies, including a 49% stake in privately owned, Africa-focused Impact Oil which is part of the joint venture, led by TotalEnergies, that recently discovered an oil find 290km off the coast of Namibia. An industry expert previously told Fin24 the find is expected to be between 1.5 billion to two billion barrels of light oil. But a report in the Norwegian publication UpstreamOnline, published last week, indicates that the find could be much larger. In fact, it speculated that it could be the biggest-ever deep-water find.