ReconAfrica Engages Henderson Rigs and Appoints Deloitte as Auditors

Date : 12/12/2019 @ 1:45PM
Source :InvestorsHub NewsWire
Stock : Reconnaissance Energy Africa Ltd. (GM) (LGDOF)
Quote : 0.6299  0.114 (22.10%) @ 7:20PM

ReconAfrica Engages Henderson Rigs and Appoints Deloitte as Auditors

ReconAfrica Engages Henderson Rigs and Appoints Deloitte as Auditors


VANCOUVER, Canada -- December 12, 2019 -- InvestorsHub NewsWire -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (OXD.F) is pleased to announce it has  engaged Henderson Rigs of Houston, Texas for the purpose of procuring a North American drilling rig and ancillary equipment, specifically designed for Namibian logistics and drilling depths of the Kavango Basin.

Henderson Rigs
Henderson Rigs, with locations in Houston and Odessa, Texas and Nisku, Alberta , is a recognized specialist in drilling rig acquisition, refurbishment, rig certification and ongoing support maintenance, providing its services globally to E&P companies and major drilling contractors.

Henderson Rigs has been instrumental in identifying several Texas based drilling rigs ideally suited for drilling in the Kavango basin. ReconAfrica is currently conducting a final technical review of these rig options, in view of securing the best option prior to year-end 2019.

Deloitte LLP
In keeping with ReconAfrica's expected growth and focus in Namibia , the Company has completed a process for review of its external auditors in 2019.  Following completion of the review, the Board of Directors (on the recommendation of the Audit Committee) determined that Deloitte LLP is to be appointed as auditor for the 2019 fiscal year. Deloitte LLP is a global professional services firm with offices in the jurisdictions where the Company conducts its business.

ReconAfrica is a junior oil and gas company engaged in the development of the newly discovered Kavango Sedimentary Basin, in northeast Namibia , where the Company holds a 90% working interest in petroleum licenses, comprising approximately 6.3 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. 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.

Reconnaissance Energy Africa Ltd. (GM) (USOTC:LGDOF)
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