ReconAfrica to begin drilling potential play-opening exploration well onshore Namibia

April 18, 2024

(WO) – In an operations update, Canadian oil and gas company Reconnaissance Energy Africa Ltd. ("ReconAfrica") said that it plans to begin drilling its first Naingopo exploration well in Namibia’s Damara Fold Belt in June 2024.

Source: ReconAfrica

Civil work to build access roads and the well pad, as well as drilling of the water well, have already begun. When these projects are complete., the Jarvie-1 drilling rig will be mobilized to the area onshore Namibia.

In June, 2024, ReconAfrica expects to begin drilling operations at the Naingopo exploration well. The well is targeting 163 MMbbl of unrisked prospective oil resources, or 843 Bcf of unrisked prospective natural gas resources.

The exploration well is expected drill to a depth of approximately 12,500 ft and is projected to encounter four primary reservoir intervals targeting both oil and natural gas. Drilling is expected to take approximately 90 days and will include three sets of logging operations, coring and reservoir testing.

Depending on the results at Naingopo, a second Damara Fold Belt well will be drilling targeting targeting 278 MMbbl of unrisked prospective oil resources, or 1.5 Tcf of unrisked prospective natural gas resources. Drilling of the second Damara Fold Belt well is expected to commence in the fourth quarter of 2024.

Additionally, ReconAfrica will soon begin the big process for a potential joint venture. The company stressed that “only strong bids that enhance shareholder and stakeholder value will be considered.”

Brian Reinsborough , President and CEO, said, “We are meeting with our partner NAMCOR and the Ministry of Mines and Energy this week to finalize the detailed drilling program and future drilling and subsurface data acquisition plans. We thank them for their continued support and are encouraged by the overwhelming support from the people in Namibia, particularly those in the Kavango East and Kavango West regions. We have recently met with both governors of the Kavango region, who continue to express gratitude for Recon's safe activities and community involvement.

“To date, we have employed over 1,350 people from the region and our 36 community water wells have positively impacted the lives of over 10,000 people. We look forward to employing more people from the local communities now that our operations have once again progressed to the exploration and appraisal drilling phase."

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