VANCOUVER, BC, July 27, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V: RECO) (OTC: RECAF) (Frankfurt: 0XD) is pleased to advise that on July 24, 2020 it received from the Namibia Ministry of Mines and Energy ("MME") a letter which declares the planned drilling operations to be undertaken in Q4 2020 by ReconAfrica in the Kavango basin as 'essential service'. The Company will work with MME providing schedules for arrival of equipment and personnel anticipated throughout September and October, 2020.
"We are pleased that the Namibia Ministry of Mines and Energy has expressed its full support for the importation of equipment and admission of foreign personnel, facilitating ReconAfrica's Q4 2020 drilling schedule" said Jay Park, Chief Executive Officer of the Company. "We will of course ensure compliance by Company personnel with all applicable COVID rules in effect".
The Company advises that it has received from Sproule International Limited ("Sproule") an updated estimation of the prospective resources of ReconAfrica that includes the Company's rights in Botswana as of June 30, 2020 (the "Sproule Report").
A copy of the Sproule Report will be filed on SEDAR under ReconAfrica's profile at www.sedar.com.
ReconAfrica 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 licenses comprising approximately 8.75 million contiguous acres.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Such statements include, without limitation: the anticipated timing for commencement of drilling activities and the filing of the Sproule Report on SEDAR. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
SOURCE Reconnaissance Energy Africa Ltd.
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J. Jay Park, CEO or Scot Evans, COO | Tel: +1 (604) 423-5384, Email: firstname.lastname@example.org