RE:RE:ScheduleFrom RECAF
6-8 weeks of seismic
Results from 2nd well should be released within a month or 2 max
JV soon after
VANCOUVER, BC, June 24, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) provides an update on drilling and seismic operations in the Kavango Sedimentary basin as well as a response to Namibia's serious outbreak of coronavirus infections.
. (CNW Group/Reconnaissance Energy Africa Ltd.)
Drilling Operations
The Company has taken a short break in drilling operations due to maintenance issues and expects to start drilling ahead in the next couple of days to a permitted total depth of approximately 3,800 m (12,500 feet). Reaching total depth on this second well (6-1) is anticipated during the first week of July 2021.
As reported on June 3, 2021, the initial analysis of the first section of the 6-1 well established 134 m (440 feet) of light oil and gas indicators (shows). Thus far in the deeper section of this 6-1 well, the Company has encountered an incremental 209 m (685 feet) of hydrocarbon shows comprising a variety of light oil and natural gas. Collectively, the 6-1 well has encountered 343 m (1,125 feet) of hydrocarbon shows, further confirming an active petroleum system in the Kavango Sedimentary basin.
The Company has formally received all water well regulatory approvals for drilling operations from the Ministry of Agriculture, Water and Land Reform.
Seismic Operations
Subject to final permitting, the seismic program is expected to commence in the third week of July for an anticipated 6-8 week duration. Polaris Geophysical is currently mobilizing staff and equipment for ReconAfrica's and its partner NAMCOR's (the National oil company of Namibia) 450 km 2D seismic program in the Kavango basin.
VANCOUVER, BC, June 24, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) provides an update on drilling and seismic operations in the Kavango Sedimentary basin as well as a response to Namibia's serious outbreak of coronavirus infections.
. (CNW Group/Reconnaissance Energy Africa Ltd.)
Drilling Operations
The Company has taken a short break in drilling operations due to maintenance issues and expects to start drilling ahead in the next couple of days to a permitted total depth of approximately 3,800 m (12,500 feet). Reaching total depth on this second well (6-1) is anticipated during the first week of July 2021.
As reported on June 3, 2021, the initial analysis of the first section of the 6-1 well established 134 m (440 feet) of light oil and gas indicators (shows). Thus far in the deeper section of this 6-1 well, the Company has encountered an incremental 209 m (685 feet) of hydrocarbon shows comprising a variety of light oil and natural gas. Collectively, the 6-1 well has encountered 343 m (1,125 feet) of hydrocarbon shows, further confirming an active petroleum system in the Kavango Sedimentary basin.
The Company has formally received all water well regulatory approvals for drilling operations from the Ministry of Agriculture, Water and Land Reform.
Seismic Operations
Subject to final permitting, the seismic program is expected to commence in the third week of July for an anticipated 6-8 week duration. Polaris Geophysical is currently mobilizing staff and equipment for ReconAfrica's and its partner NAMCOR's (the National oil company of Namibia) 450 km 2D seismic program in the Kavango basin.