ReconAfrica secures rig for 3-well drilling program in Kavango basin, Namibia

Reconnaissance Energy Africa Ltd. (ReconAfrica) has secured a rig to execute the company’s Kavango basin drilling program in northeast Namibia. The primary objective of the initial 3-well program is to penetrate key source rocks within the Karoo Supergroup providing evidence of an active petroleum system throughout the Kavango Sedimentary Basin. Secondary objectives are to assess oil and gas prone conventional targets.

Acquired from Henderson Rigs, the all-in cost for the Crown 750 with ancillary equipment to acclimate the rig for drilling in the Kalahari Desert is $3 million. The unused, US-manufactured rig is rated to drill 12,000 vertical ft.

The rig will be shipped by sea from the Port of Houston to the Port of Walvis Bay, Namibia where it will then be transported by paved highway to the license area. The rig is expected to be on the first drilling location in June.

ReconAfrica holds a 90% working interest in petroleum licenses in northeast Namibia comprising 6.3 million contiguous acres.