VANCOUVER, BC, April 7, 2021 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX:
RECAF) (Frankfurt: 0XD) is pleased
to provide the following operational and corporate updates.
Operations
In accordance with its contractual obligation to the Ministry of
Mines and Energy, ReconAfrica has achieved total depth on the 6-2
well, the first well of a three well drilling program in the deep
Kavango basin. This stratigraphic test well has accomplished all
the goals ReconAfrica set for it which includes the acquisition of
an abundance of whole and sidewall core along with cuttings and
significant well log data. The well has been drilled safely and in
an environmentally responsible manner. All data is undergoing a
comprehensive analysis by ReconAfrica's Namibian and North American
technical team and consultants.
Once all operations are completed on the 6-2 location, the rig
will be moved approximately 10 miles (16 kilometers) north to the
second well site in the program, the 6-1 location.
Preparation of the 6-1 site has been proceeding in parallel to the
6-2 drilling operations, with the expectation of commencing
drilling this second well in late April
2021.
Corporate Social Responsibility (CSR)
The Company's CSR team has been working with the Ministry of
Environment, Forestry and Tourism (MEFT), Ministry of Water,
Agriculture and Land Reform (MAWLR), NamWater, Ministry of Mines
and Energy (MME), Regional Governments, Traditional Authorities and
communities to implement multiple environmental and social
projects. Of critical importance to the region, ReconAfrica has
permitted and drilled four community water wells which are fully
operational and is permitting an additional six locations in both
East and West Kavango. These wells are in addition to the two
well-site water wells, that have been drilled to support
operations, and will be available for use by the local communities
when appropriate. As access to fresh water is a major daily
challenge for many residents in the Kavango Region, drilling and
completing wells, for those who need it the most, is a significant
component of ReconAfrica's community outreach program in this
impoverished region.
Please see the second of its series 'The Voices of Kavango',
available to view here - (Chapter 2). This video highlights the
stakeholder engagement in various communities in which ReconAfrica
operates along with some specific examples of local hiring in the
region and communities.
Personnel
Diana McQueen has joined
ReconAfrica as Senior Policy Advisor in the fields of Government,
Indigenous Relations and Strategic Affairs. Diana is highly
experienced in governmental affairs having held various
Alberta provincial cabinet roles
including Minister of Energy, Minster of Environment & Water,
Minister of Environment & Sustainable Resource
Development/Forestry and Climate Change, Minister of Municipal
Affairs and Government House leader, and member of numerous
committees such as Treasury Board, and Agenda & Priorities.
Also, joining the Company is Geoff
Anderson, a petroleum geologist with over 17 years of
experience in exploration and development geology, and petroleum
economics. He has an MBA in Energy Leadership and is skilled in
economic evaluation modeling and project development. Geoff started
his career at BlackRock Ventures Inc. which was sold to Shell
Canada for $2.4 Billion CAD in
2006. He also held a geologist role at North American Oil
Sands Corporation that was sold to StatOil for $2.2 Billion CAD in 2007. His most recent role
was as Senior Geologist and Economic Modeler with Prosper Petroleum
Ltd. based in Calgary,
Alberta.
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.
SOURCE Reconnaissance Energy Africa Ltd.