Mr. J. Jay Park reports
RECONAFRICA COMPLETES TECHNICAL EVALUATION OF THE CONVENTIONAL STRUCTURES THROUGHOUT THE ENTIRE KAVANGO BASIN, NAMIBIA & BOTSWANA
Reconnaissance Energy Africa Ltd. has completed a comprehensive subsurface evaluation, delineating large-scale, prospective conventional hydrocarbon-bearing structures throughout the entire Kavango basin.
The primary objective of Reconnaissance's initial three-well drilling program, scheduled for fourth quarter of 2020, is to confirm a thick, active, petroleum system throughout the deep Kavango basin. Specifically, the wells are designed to test organic-rich shales and more shallow conventional structures throughout the sedimentary basin.
With support of a new extended, high-density aero-mag survey, Halliburton's advanced LithoTect technology and other new ancillary data, the company's technical team has generated a thorough understanding of how this deep Permian rift basin developed. Specifically, the company has been able to identify the faulting system throughout the basin, responsible for developing potential conventional fault and stratigraphic hydrocarbon-bearing structures. This work builds on the unconventional potential previously identified for Kavango basin.
A full documentation of this recent work, including regional maps and more specific play maps, is now available on the company's website.
Reconnaissance is a junior oil and gas company engaged in the opening of the newly discovered deep Kavango sedimentary basin in northeastern Namibia and northwestern Botswana, where the company holds petroleum licences comprising approximately 8.75 million contiguous acres.
We seek Safe Harbor.
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