ReconAfrica commences exploration drilling on Naingopo Well

Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner, the National Petroleum Corporation of Namibia have spudded the Naingopo exploration well on Petroleum Exploration Licence 73, onshore northeast Namibia.

ReconAfrica, President and CEO Brian Reinsborough said this is a significant play-opening well which may unlock a total potential resource of over 3.1 billion barrels of oil or 18 trillion cubic feet of natural gas.

“The Naingopo well is targeting 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources, net to ReconAfrica, based on the most recent prospective resources report prepared by Netherland, Sewell & Associates, Inc.,” Reinsborough said.

He said the Naingopo well represents the first well in a multi-well exploration drilling campaign on PEL 73 and is anticipated to reach a total depth of 3,800 meters (12,500 feet), and take 90 days to drill.

“This is a significant play-opening well which may unlock a total potential resource of over 3.1 billion barrels of oil or 18 trillion cubic feet of natural gas based on the most recent prospective resource report prepared by Netherland, Sewell & Associates Inc., dated March 12, 2024,” said Reinsborough.

Chris Sembritzky, Senior VP of Exploration at ReconAfrica said the Naingopo exploration well is the first well to test in the Damara Fold Belt play.

“In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined. The Naingopo well is expected to test multiple reservoir intervals of which four are included in our third-party resource report from NSAI,” he said.

ReconAfrica spudded the Naingopo exploration well in the Damara Fold Belt onshore PEL 73 in northeast Namibia on July 7, 2024. ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum licenses comprising approximately 8 million contiguous acres.

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