VANCOUVER, BC , Jan. 18, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) is pleased to announce that, it has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the Company has contracted Polaris Natural Resources Inc , based in Calgary, Alberta, Canada .
Seismic Operations
As a result of a competitive bidding process, ReconAfrica has contracted Polaris Natural Resources Inc , Canada's longest standing seismic company to provide acquisition services for its first 2D seismic program. Polaris has conducted over 1,000 seismic projects since 1996 and introduced the first 'low impact seismic crew' into Africa in 2008. This includes the patented Polaris Explorer 860 energy source which represents the world's most environmentally friendly seismic source. This technology has been used very successfully on over 15 projects in East Africa and has been well accepted in all communities where it has been used. This source will be complimented with the world's newest and smallest wireless recording nodes or receivers.
Bill Mooney , Polaris CEO, states "Polaris is very pleased to support ReconAfrica on this world class project. The combination of technologies being employed represent not only the lightest seismic footprint possible, but also allows for very fast and high resolution data acquisition."
The Company intends to conduct, process, and interpret 450 km of 2D seismic that will tie to the active three well drilling program. The proposed seismic survey will be conducted along existing roads and tracks. The Environmental Impact Assessment process for this operation has begun with the posting of public sessions.
"The Kavango basin is a large sedimentary basin comprised of five sub-basins and numerous structural features" states CEO Scot Evans . "The initial seismic program will provide the basis for evaluation and ultimately drilling of this very large set of conventional oil and gas prospects."
Community
In keeping with ReconAfrica's strong commitment to community employment, Polaris's corporate goals are to implement an 85% local content policy on all of its operations regarding employment, supplies and consumables.
With regards to drilling three new community water wells, ReconAfrica, working with local authorities has now identified optimum well locations for community members who are the most in need of access to safe drinking water. The Company has engaged Aqua Drilling, a local contractor, to commence drilling the first of these three wells in the next few days. In this regard, please see "The Voices Of Kavango" .
We continue to engage and meet with our stakeholders, and we remain committed to hire local and national experts, and to procuring products and services in the region and throughout Namibia . Our responsible approach to resource development is demonstrated by our actions.
ReconAfrica is a junior, 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 licenses 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.
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 Note Regarding Forward-Looking Statements: Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the Company's proposed exploration and drilling activities, including its proposed 2D seismic program and timelines and the anticipated results of the Company's proposed exploration and drilling activities, including its proposed 2D seismic program , the Company's implementation of environmental and social best practices , the Company's engagement with local authorities and communities, including the Company's plan to drill community water wells and procure products and services from the region of the Company's properties and throughout Namibia . These statements relate to future events or future performance. 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. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated July 27, 2020 available under the Company's profile at www.sedar.com . 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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