Completion of Drilling Operations
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") has successfully completed the drilling of the Naingopo exploration well. This well reached a total depth of 4,184 metres, surpassing the initial target depth of 3,800 metres. The drilling achievements are significant as they mark the first exploratory efforts in the Damara Fold Belt, setting the stage for further developments in this promising geological region.
Upcoming Evaluation Program
The next phase involves an extensive evaluation program at the Naingopo site. This includes vital activities like wireline logging, coring, and testing for hydrocarbons using advanced equipment like the Modular Formation Dynamics Tester (MDT). A Vertical Seismic Profile (VSP) will also be conducted. With these evaluations, the technical team aims to gather comprehensive data to understand the resource potential fully.
Insights from the Naingopo Well
The insights gained from the Naingopo exploration well are crucial for future exploration strategies. The well targets approximately 181 million barrels of unrisked prospective light/medium oil resources and 15 million barrels of risked resources. It is also aimed at estimating about 937 billion cubic feet of expected natural gas resources. These figures were drawn from the latest resources report prepared by an independent expert.
Next Steps and Location Plans
Once the evaluation of the Naingopo well is complete, which is expected in the upcoming weeks, the Company plans to shift maintenance activities to the Jarvie-1 drilling rig. ReconAfrica aims to transition to the Kumbundu (Prospect P) location for further drilling initiatives.
About ReconAfrica
ReconAfrica is a Canadian exploration company dedicated to uncovering resource potentials in the Kalahari Desert, focusing on the Damara Fold Belt and Kavango Rift Basin. The Company holds an impressive portfolio of approximately 8 million acres under petroleum licenses and maintains a strong commitment to environmental stewardship and social responsibility in all of its operations.
Frequently Asked Questions
What is the recent achievement of ReconAfrica?
ReconAfrica has successfully completed drilling the Naingopo exploration well, reaching a depth of 4,184 meters.
What are the future plans following the drilling?
Following the drilling, an extensive evaluation program will be initiated to assess hydrocarbon presence and gather data for future exploration.
How extensive are the resources targeted by the Naingopo well?
The Naingopo well targets about 181 million barrels of unrisked oil and roughly 937 billion cubic feet of natural gas resources.
What initiatives does ReconAfrica have regarding environmental practices?
ReconAfrica prioritizes environmental protection and commits to minimizing habitat disturbance as part of its operational practices.
What can be expected in the upcoming weeks for ReconAfrica?
Preliminary results from the Naingopo well's evaluations are expected soon, which will inform further drilling plans.
