06:28:48 EST Mon 06 Dec 2021
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 163,704,846
Close 2021-07-14 C$ 10.79
Recent Sedar Documents

Reconnaissance finishes drilling 2nd Kavango test well

2021-07-14 12:48 ET - News Release

Mr. Scot Evans reports

RECONAFRICA & NAMCOR COMPLETE DRILLING OPERATIONS ON THE 6-1 IN THE KAVANGO BASIN, NAMIBIA

Reconnaissance Energy Africa Ltd. and its joint venture partner Namcor (the state oil company of Namibia) have successfully completed drilling operations of the second stratigraphic test well (6-1) in the Kavango basin of northeast Namibia.

The 6-1 well is now being prepared for wireline logging. Multiple logging runs will be made and up to 50 sidewall cores taken, all designed to maximize hydrocarbon recovery.

After the logging and coring operations are completed, a vertical seismic profile tool will be run to total depth to tie into the 2-D seismic program that will begin this month across the Kavango basin. The first stratigraphic test well, the 6-2, will also have a VSP run and the two wells will be tied together along the same seismic line. Later in the month casing will be run and cemented to isolate the prospective hydrocarbon-bearing zones.

Grant of stock options

On July 14, 2021, the company granted to a director and consultants of the company options to purchase an aggregate of 800,000 common shares of the company at a price of $11.39 per share for a period of five years.

About Reconnaissance Energy Africa Ltd.

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 of its project areas.

We seek Safe Harbor.

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