VANCOUVER, BC, Dec. 21, 2020 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or
"ReconAfrica") (TSXV: RECO) (OTCQX: RECAF)
(Frankfurt: 0XD) is pleased to
provide an operations update as the Company prepares to drill the
deep Kavango Basin in the Kalahari Desert of North East
Namibia and North West
Botswana.
Operations
- The well-site for the first well (6-2) in the Kavango basin and
the associated camp were completed, on schedule, in
mid-December.
- Utilizing a smaller local rig, the initial leg of the well-bore
has been drilled, with the first casing string set and
cemented.
- The Company owned Crown 1,000 HP drilling rig (Jarvie-1), along with ancillary equipment and
spare parts, were successfully shipped from the Port of
Houston and arrived on schedule,
in the Port of Walvis Bay, December 11,
2020. The majority of drilling equipment has now arrived on
the 6-2 well site.
"Due to the additional logistical challenges presented by the
coronavirus pandemic, the Company's successful operations have
required an especially strong and dedicated effort from the
ReconAfrica team, hard work on behalf of our local employees and
contractors, and significant support from the Namibian national and
regional governments" stated CEO Scot
Evans.
Drilling of the 6-2 well is scheduled to take place the first
part of January, 2021. This well is the first of a three well
drilling program intended to confirm an active, Permian aged,
petroleum system in this deep basin. The wells are
designed to drill through and collect important data on all Permian
aged rock formations. Core data and logging operations will be
specifically focused on conventional oil and gas reservoirs, which
flow naturally under their own pressure.
Community
ReconAfrica is working with the local communities and has
recently drilled a new water well to improve the supply of fresh
drinking water to the community in the Kavango region. We look
forward to a continued partnership with local authorities, taking
further steps to address this important issue; access to safe
drinking water for those most in need.
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. 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 and timelines and the
anticipated results of the Company's proposed exploration and
drilling activities and the Company's engagement with local
authorities and communities 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.