ReconAfrica accelerates drilling timeline for Prospect I to Q2 2025
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) said it is accelerating the start of drilling at Prospect I in Namibia's Damara Fold Belt to the second quarter of 2025, citing progress in site preparation. "Our in-country teams have commenced community engagement, surveying, debushing, and demining activities, which will be followed by construction of a 10-kilometre road and drill pad site," said Brian Reinsborough, CEO of ReconAfrica in a statement.
ReconAfrica advances drilling plans after oil indications in Namibia's Damara Fold Belt
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) is planning further drilling in the Damara Fold Belt after reporting oil indications that demonstrate a working petroleum system, according to the company. The company's Naingopo well, on Petroleum Exploration Licence 073, reached a total depth of 4,184 metres on November 26 and encountered over 50 metres of net reservoir in the Otavi Group, based on log analysis and rock fluorescence observations.
ReconAfrica announces completion of strategic farm down with BW Energy
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) announced that it has completed its strategic farm down agreement for Petroleum Exploration License 73 (PEL 73) in northeast Namibia with BW Energy. The company's sale of a 20% working interest in PEL 73 was approved by the Namibian Ministry of Mines and Energy.
Reconnaissance Africa's upside potential highlighted by analysts following completion of Naingopo drilling
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) has earned a repeat ‘Buy' rating from Haywood Capital Markets analysts following its latest update on drilling at the Naingopo well on Petroleum Exploration License 73 (PEL 73) onshore Namibia. The company reported that exploration reached a depth of 4,184 meters, deeper than the planned depth of 3,800 meters.
ReconAfrica hits new depths at Naingopo well in Namibia, analysts highlight
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) earlier this week said drilling at its Naingopo exploration well in Namibia's Damara Fold Belt had wrapped up, reaching a total depth (TD) of 4,184 meters—well beyond the initially projected 3,800 meters. The firm will conduct an in-depth assessment of the Naingopo well, including wireline logging, coring, Vertical Seismic Profile (VSP) analysis, and Modular Formation Dynamics Tester (MDT) sampling, which are crucial for understanding reservoir characteristics, fluid properties, and potential hydrocarbon deposits, according to analysts from Research Capital Corporation.
ReconAfrica completes drilling of Naingopo exploration well in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) has announced the completion of drilling operations on its Naingopo exploration well, located on Petroleum Exploration Licence 073 (PEL 73) in onshore Namibia. The well was drilled to a total depth of 4,184 meters (13,727 feet), surpassing the initial projected depth of 3,800 meters.
ReconAfrica CEO provides update on exploration progress - ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) CEO Brian Reinsborough joined Proactive to talk through the company's exploration progress and corporate updates. He highlighted the advancements in the Naingopo well in Namibia, which is nearing its total depth of over 4,000 meters.
Reconnaissance Energy Africa gives progress update in Namibia following nearly $40M capital raise
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) said it had made progress in its exploration efforts within Petroleum Exploration Licence 073 (PEL 73) in Namibia over the most recent quarter. During the three-month period to end September 30, 2024, drilling at the Naingopo exploration well in the Damara Fold Belt reached a depth of 4,000 meters (13,125 feet).
ReconAfrica's exploration progress in Namibia and Botswana sparks analyst optimism
Analysts are optimistic about Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF)'s exploration program in Namibia and Botswana following a corporate update earlier this week. The company's flagship project in Namibia, the Naingopo exploration well located in the PEL 73 block, continues its drilling towards a target depth of 3,800 meters.
ReconAfrica marks milestone with Namibia dual-listing, expands exploration efforts in southern Africa
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced its dual-listing on the Namibian Stock Exchange (NSX), marking a significant milestone as the first publicly traded oil and gas company on the exchange. The company is progressing work at the Petroleum Exploration Licence 073 (PEL 73) in Namibia, where drilling resumed in mid-October to depths of nearly 3,500 meters (11,500 feet).
ReconAfrica's discovery potential highlighted by analysts following Namibia exploration update
A successful outcome from Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF)'s drilling efforts at the Naingopo exploration well could be a significant catalyst for the stock, analysts reiterated after the company provided an update on its exploration activities in Namibia. ReconAfrica said on Thursday that the Naingopo exploration well on Petroleum Exploration License 73 (PEL 73) is making progress, though it has faced delays due to slower drilling rates in the deeper section of the Mulden formation and challenges with casing installation.
ReconAfrica reports progress in drilling Naingopo well in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) has released an operations update concerning its activities in Petroleum Exploration Licence 073 (PEL 73) in Namibia. The company is making strides in drilling the Naingopo exploration well, having reached a critical casing point before advancing into the Otavi reservoir section.
