ReconAfrica Provides Drilling Update at Kavango West 1x Drilling Ahead Into the Otavi Reservoir Section

Core Insights - Reconnaissance Energy Africa Ltd. is progressing with the drilling of the Kavango West 1X exploration well, with operations currently on schedule and the final casing string set at approximately 2,300 meters, just above the targeted Otavi reservoir [2] Company Operations - The Kavango West 1X well is targeting a significant structural closure in the Otavi section, measuring nearly 20 kilometers long by 3 kilometers wide [2] - Drilling operations advanced ahead of schedule in the shallower section, leading to a temporary deferral while waiting for casing strings for the final section [2] - The company anticipates reaching total depth (TD) of approximately 3,800 meters in the second half of November, with an expected penetration of around 1,500 meters of potential reservoir [2] - An extensive logging program will commence once TD is reached, with results expected to be disclosed around year-end [2] Communication Policy - Communications regarding the Kavango West 1X drilling will be under "tight hole" status until reaching TD, meaning no well results will be provided prior to the final logging of the Otavi reservoir section [3] - Updates during this period will only include the updated drilling depth, and adherence to tight hole status should not be interpreted as negative or positive [3] Company Background - ReconAfrica is a Canadian oil and gas company focused on exploring the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses over approximately 13 million contiguous acres [4] - The company also operates the Ngulu block in shallow waters offshore Gabon and is committed to minimal habitat disturbance in line with international standards [4]