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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 109,698,157
Close 2021-01-15 C$ 4.08
Recent Sedar Documents

Reconnaissance begins permitting for Kavango 2-D data

2021-01-18 01:36 ET - News Release

Mr. Scot Evans reports

RECONAFRICA BEGINS 450 KM 2D SEISMIC PROGRAM; KAVANGO BASIN, KALAHARI DESERT

Reconnaissance Energy Africa Ltd. has commenced the permitting process for the acquisition of 450 kilometres of 2-D seismic data in the deep Kavango basin in the Kalahari Desert of northeast Namibia. To execute the program, the company has contracted Polaris Natural Resources Inc., based in Calgary, Alta., Canada.

Seismic operations

As a result of a competitive bidding process, Reconnaissance has contracted Polaris Natural Resources, Canada's longest-standing seismic company, to provide acquisition services for its first 2-D seismic program. Polaris has conducted over 1,000 seismic projects since 1996 and introduced the first low-impact seismic crew into Africa in 2008. This includes the patented Polaris Explorer 860 energy source, which represents the world's most environmentally friendly seismic source. This technology has been used on over 15 projects in east Africa and has been well accepted in all communities where it has been used. This source will be complemented with the world's newest and smallest wireless recording nodes or receivers.

Bill Mooney, Polaris chief executive officer, stated: "Polaris is very pleased to support ReconAfrica on this world-class project. The combination of technologies being employed represent not only the lightest seismic footprint possible, but also allows for very fast and high-resolution data acquisition."

The company intends to conduct, process and interpret 450 km of 2-D seismic that will tie to the active three-well drilling program. The proposed seismic survey will be conducted along existing roads and tracks. The environmental impact assessment process for this operation has begun with the posting of public sessions.

"The Kavango basin is a large sedimentary basin comprised of five subbasins and numerous structural features," stated chief executive officer Scot Evans. "The initial seismic program will provide the basis for evaluation and ultimately drilling of this very large set of conventional oil and gas prospects."

Community

In keeping with Reconnaissance's strong commitment to community employment, Polaris's corporate goals are to implement an 85-per-cent local content policy on all of its operations regarding employment, supplies and consumables.

With regard to drilling three new community water wells, Reconnaissance, working with local authorities, has now identified optimum well locations for community members who are the most in need of access to safe drinking water. The company has engaged Aqua Drilling, a local contractor, to commence drilling the first of these three wells in the next few days.

The company continues to engage and meet with its stakeholders, and it remains committed to hire local and national experts, and to procure products and services in the region and throughout Namibia. Its responsible approach to resource development is demonstrated by the company's actions.

Reconnaissance is a junior, Canadian, oil and gas company engaged in the opening of the newly discovered deep Kavango sedimentary basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the company holds petroleum licences comprising approximately 8.5 million contiguous acres. In all aspects of its operations, Reconnaissance is committed to minimal disturbances in line with international best standards and will implement environmental and social best practices in all of its project areas.

We seek Safe Harbor.

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