Core Viewpoint - Reconnaissance Energy Africa Ltd. has made significant progress in 2025, including drilling a second well in the Damara Fold Belt and expanding its asset portfolio in Angola and Gabon, setting the stage for important milestones in 2026 [2][12]. Group 1: Operational Updates - The company is preparing for a production test at Kavango West 1X, expected to commence by the end of Q1 2026, following the drilling of its second exploration well [3][10]. - Significant hydrocarbons were encountered in the Damara Fold Belt, with the Huttenberg formation containing approximately 85 meters of net reservoir and 64 meters of net hydrocarbon pay [7]. - The Elandshoek section showed an average of 20% total gas, indicating a hydrocarbon-saturated section, with visible oil sheens and bubbles observed [8]. Group 2: Strategic Developments - The company signed a Memorandum of Understanding with Angola's National Agency for Petroleum, Gas and Biofuels, allowing for early entry into onshore Angola with access to 5.2 million contiguous acres [12]. - A Production Sharing Contract was signed with the Republic of Gabon for the Ngulu block, with seismic reprocessing expected to begin in January 2026 [13][14]. - The company holds a 70% working interest in PEL 73, with partners BW Energy and NAMCOR holding 20% and 10% respectively [11].