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.