23:29:47 EDT Wed 13 May 2026
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 381,775,697
Close 2026-05-13 C$ 1.06
Market Cap C$ 404,682,239
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ReconAfrica to production test Kavango West 1X

2026-05-13 19:38 ET - News Release

Mr. Brian Reinsborough reports

RECONAFRICA PROGRESSES TOWARD KAVANGO WEST 1X PRODUCTION TEST

Reconnaissance Energy Africa Ltd.'s operations in Namibia continue to progress.

ReconAfrica (operator), along with partners NAMCOR and BW Energy, have progressed downhole testing operations at Kavango West 1X. Equipment and services have been arriving on site, which have been procured from both Namibian and international companies to conduct this first-of-its-kind production test in Namibia. Operations will test six optimized zones across 420 metres of hydrocarbon-bearing intervals. On-site technical operations will be conducted by global leaders in oil field services SLB and Halliburton.

ReconAfrica will proceed with a cement bond log to ensure casing and cement integrity, standard procedure prior to downhole production testing, while a third party service provider secures a final transport and storage permit required to begin downhole testing. ReconAfrica is committed to conducting all work in full alignment with Namibia's laws, regulations and permitting requirements. Downhole perforating and production testing is expected to commence before the end of May.

Production testing could take up to 10 days in a single zone, and the total production test is estimated to take up to 60 days. The company expects to be able to release production test results by approximately mid- to late July.

ReconAfrica continues to take the steps required to advance appraisal drilling locations on the Kavango discovery. Preparations for the appraisal well are proceeding with specific site selection and permitting work under way.

About Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian oil and gas company engaged in exploration and appraisal onshore Namibia, Angola and Botswana, where the company holds petroleum licences and access to approximately 13 million contiguous acres, and the Ngulu block in the shallow waters offshore central Gabon, where the company operates 1,214 square kilometres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

We seek Safe Harbor.

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