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.