07:02:28 EST Mon 06 Dec 2021
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 156,808,071
Close 2021-05-27 C$ 8.40
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Reconnaissance has support of Kavango East Governor

2021-05-28 00:37 ET - News Release

Mr. Scot Evans reports

KAVANGO EAST GOVERNOR SUPPORTS RECONAFRICA

Governor Bonifasius Wakudumo of East Kavango and Reconnaissance Energy Africa Ltd. have released a statement from the Governor's Office, Kavango East, Rundu, Namibia.

Kavango East Governor supports ReconAfrica

"The Governor of Kavango East is aware of recent media reports attempting to discredit ReconAfrica and its work in our region. ReconAfrica has, since the time of starting operations in Namibia, proven that they are a reputable and trustworthy company that respects, adheres and complies with all laws of our country and works in respectful collaboration with our communities.

"I believe that the recent article in the National Geographic, describing a complaint to the [Securities and Exchange Commission] purported to have been filed on May 5, 2021, does not reflect the integrity and business practices of ReconAfrica and its operations in our region, Kavango East. In all of ReconAfrica's dealings with our office, local and traditional authorities, the company has done everything legally and transparently, respecting all levels of authority and the expectations of our communities.

"We are pleased with ReconAfrica's approach to working closely and in constant consultation with our office, the traditional leadership, local authority and the community.

"This is only the beginning stages, and we have already started to experience the positive economic and social impact of the project in our regions," said Kavango East Governor, Mr. Wakudumo.

"ReconAfrica can be applauded for recognizing the traditional authorities in the area and, as a first step, seeking and getting approval from the traditional authority for land and water use, while working closely and under the approval of the Ministry of Agriculture Water and Land Reform for all water and land matters.

"It is up to us, the Namibian people, to determine how the country will develop and manage our natural resources, and we have welcomed their operations.

"We continue to be confident in ReconAfrica, for the sustainable development of our natural resources for the benefit of our regions and our country as a whole."

ReconAfrica is a 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, ReconAfrica is committed to minimal disturbances in line with international best standards and will implement environmental and social best practices in all its project areas.

We seek Safe Harbor.

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