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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Post by minigoonon Dec 21, 2020 12:14am
286 Views
Post# 32150534

its there

its there

Operations Update - Drilling Rig on Location, Namibia

Canada NewsWire

VANCOUVER, BC, Dec. 21, 2020

VANCOUVER, BC, Dec. 21, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to provide an operations update as the Company prepares to drill the deep Kavango Basin in the Kalahari Desert of North East Namibia and North West Botswana.

Reconnaissance Energy Africa Ltd. Logo (CNW Group/Reconnaissance Energy Africa Ltd.)

Operations

  • The well-site for the first well (6-2) in the Kavango basin and the associated camp were completed, on schedule, in mid-December.
     
  • Utilizing a smaller local rig, the initial leg of the well-bore has been drilled, with the first casing string set and cemented.
     
  • The Company owned Crown 1,000 HP drilling rig (Jarvie-1), along with ancillary equipment and spare parts, were successfully shipped from the Port of Houston and arrived on schedule, in the Port of Walvis Bay, December 11, 2020. The majority of drilling equipment has now arrived on the 6-2 well site.

"Due to the additional logistical challenges presented by the coronavirus pandemic, the Company's successful operations have required an especially strong and dedicated effort from the ReconAfrica team, hard work on behalf of our local employees and contractors, and significant support from the Namibian national and regional governments" stated CEO Scot Evans.    

Drilling of the 6-2 well is scheduled to take place the first part of January, 2021.  This well is the first of a three well drilling program intended to confirm an active, Permian aged, petroleum system in this deep basin.   The wells are designed to drill through and collect important data on all Permian aged rock formations. Core data and logging operations will be specifically focused on conventional oil and gas reservoirs, which flow naturally under their own pressure.

Community

ReconAfrica is working with the local communities and has recently drilled a new water well to improve the supply of fresh drinking water to the community in the Kavango region. We look forward to a continued partnership with local authorities, taking further steps to address this important issue; access to safe drinking water for those most in need.

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. 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.


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