Reconnaissance Energy Africa defines the recent news about the four oil targets in the Kavango Basin in the following way:
The Seismic Drilling Operations:
It is stated that the initial four oil projects will be executed continuously without any break. It will target all the seismically defined structures and the objectives of testing all the play types, including oil-prone Karoo Rift Fill and Intra Rift Fault Block play. The wells 8- 2 will be drilled to a depth of approximately 28,00 meters (9184 feet). It is developed to test the potential of conventional oil and gas reservoirs in the classic rocks.
These wells will be drilled deeply to form the Pre-Karoo Mulder and Otavi. All these intervals correspond to the Company’s first well. It is 6-2, constructed approximately 6.5 kilometers to the East. It holds excellent oil and gas shows. Though the anticipations are made that the expert workers will reach the total depth within 60 days from the initial spud.
About The Reconnaissance Energy Africa Ltd Company:
Reconnaissance Energy Africa is an oil and gas established in Canada. It was established in 1978, and its head office is in Vancouver, Canada. It is a production company that works day and night to produce an extensive reservoir of gas and oil in Namibia and Botswana. It works collaboratively with the national governments and aims to explore, search, and create the vast natural pools of potential gas and oil in North East and North West Africa.
It presents its common stock under RECAF Stock for the general public. Moreover, it holds the petroleum license comprising approximately 8.5 million contiguous acres. In the list of all its operations, Recon Africa is committed to providing minimal habitat. By working with the best organizations in the world, the Company implies its best environmental and social practices that will fulfill international standards.
Cautionary Notes Regarding forwarding Looking Statements:
Certain statements in this press release constitute forward-looking information under the applicable rules of Canada and the United States. The other applicable securities laws, rules, and regulations explain the Company’s seismically defined four-well drilling program. Besides this, the statements concerning the timing for the commencement and the execution of this project also play an essential role in achieving the firm’s goals.
The planned depth, goals and objectives, and timing to a total depth of the first well in such a drilling program, estimate prospective resources and the processing of images from the Company’s recently completed acquisition program. Besides this, the permitting of anticipated timing for commencement of the Company’s phase comprises two extensions seismic acquisition program.
The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” and “estimated.” Similar expressions and statements relating to all matters that are not historical facts . are intended to identify forward-looking information regarding the RECAF and are based on Recon Africa’s current belief or assumptions regarding the outcome and timing of such future events. Moreover, the factors discussed in the” Risk Factor” section in the Company’s amended and restated annual information form dated May 19, 2021.
All further information regarding RECAF is available under the Company’s profile. Actual future results may differ materially. However, various assumptions or factors are typically applied in drawing conclusions or making forecasts or projections of forward-looking information. Those assumptions and factors are based on information currently available to Recon Africa. The forward-looking information in this release is made as of the date hereof and Recon Africa undertakes no obligations to update or revise any forward-looking statement.