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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 154,168,928
Close 2021-05-04 C$ 9.70
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Reconnaissance begins drilling at 6-1 well

2021-05-05 00:59 ET - News Release

Mr. Scot Evans reports

DRILLING SECOND WELL IN THE KAVANGO BASIN, NOW IN PROGRESS

Reconnaissance Energy Africa Ltd. has spudded the second well (6-1) in the Kavango basin in the Kalahari Desert of northeast Namibia.

Operations

With the first string of casing set and cemented in the 6-1 well, the company-owned-and-operated 1,000-horsepower rig (Jarvie-1) is drilling ahead to a target depth of 3,800 metres (12,500 feet). The 6-1 well is designed to evaluate the petroleum systems discovered in the first well (6-2) in an area of maximum thickness. These first two wells are within one of five major subbasins of the larger, more laterally extensive, Permian-aged deep Kavango basin.

The company will take whole core and side wall core and conduct a full logging suite of all zones of interest (conventional targets and source rocks). As with the 6-2, a comprehensive state-of-the-art logging program over both sections will be provided by Schlumberger. In addition, a vertical seismic profile (VSP) will be run to enable the most accurate tie-in possible, of well data, to the 2-D seismic program scheduled to commence in June, 2021.

Technology

In keeping with the company's policy of implementing environmental best practices, Reconnaissance is using the most advanced drilling fluid available to protect the environment -- a water-based system. This Polyamine system, provided by Valence Drilling Fluids, uses freshwater as the base fluid. The plant-based products added to the base fluid are created through an organic process and are biodegradable. Not only is this water-based drilling fluid 100 per cent safe to the environment, it provides ideal samples (cuttings and core) to be utilized to determine a range of petroleum properties and locations for future exploration and production wells.

Community and government relations

The Minister of Agriculture, Water and Land Reform has assigned a high-level team within his ministry, to which Reconnaissance will keep updated on the project. The committee represents the water resource management, water supply and sanitation, communal land management, and agricultural projects departments within the ministry. Reconnaissance is committed to the adherence of the laws, rules and regulations of Namibia.

Reconnaissance places strong emphasis on hiring locally and nationally whenever possible. To date, Reconnaissance has employed more than 200 Namibian residents in such roles as: electricians; rig floor hands; project managers; material technical specialists (construction, environment, wildlife surveying, water and hydrology); health, safety and environmental experts; administrative assistants; garden site workers; and general labourers. The local and national employment numbers will increase as the company moves forward with its conventional drilling and seismic programs. Additionally, Reconnaissance is working with Namibian educational institutions to enhance training programs directly related to energy.

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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