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Kavango West 1X exploration well
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ReconAfrica Provides a Corporate Operational Update
Globenewswireยท 2025-07-22 09:00
Core Insights - Reconnaissance Energy Africa Ltd. is preparing to spud the Kavango West 1X exploration well, with drilling scheduled before the end of July 2025 [2][4] - The well aims to reach a total depth of approximately 3,800 meters (12,500 feet) and will target over 1,500 meters of the Otavi carbonate reservoir section [2] - The Kavango West 1X well represents the second test in the Damara Fold Belt play, which has identified over 19 prospects and leads [3] Operational Update - The drilling rig has been safely moved on-site, and all necessary permits have been obtained from regulators [2] - Final assembly and safety checks of the drill rig are currently underway [2] - The prospect is a large structural fold identified on modern 2D seismic data, extending over 22 kilometers long by three kilometers wide [3] Board of Directors Update - Iman Hill has resigned from the Board of Directors effective July 31, 2025, due to foreign work obligations [5] - Following the resignation, the Board will consist of five members, three of whom are independent directors [5][6] Community Engagement - The company expresses gratitude to community and regulatory stakeholders in Namibia for their collaboration in reaching the drill-ready stage [7] - ReconAfrica emphasizes its commitment to safe operations for employees, local communities, wildlife, and the environment [7] Company Overview - ReconAfrica is engaged in oil and gas exploration in the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses for approximately 13 million contiguous acres [7]