ReconAfrica advances Damara Fold belt well plan

• ReconAfrica advanced the Damara Fold Belt Prospect I well plan onshore Namibia.
• It is the company's largest prospect to be drilled to date.

Reconnaissance Energy Africa Ltd. advanced the Prospect I well plan in the Damara Fold Belt in PEL 73, onshore Namibia.

Well spud is planned for second-quarter 2025 (OGJ Online, Mar. 20, 2025). Pre-construction activities are continuing schedule, and the pre-drill evaluation is complete. The well will target a drilling depth of 3,800 m with the potential to drill deeper, as the company did for the Naingopo exploration well.

The thickness of the Otavi section is expected to be about 1,500-1,800 m, depending on how deep the well can be drilled, the company siad. Learnings from the Naingopo exploration well have improved understanding of the Damara Fold Belt with respect to the geologic model including time and depth migration for the Mulden and Otavi sections (OGJ Online, Jan. 31, 2025). This is the same reservoir where over 50 m of reservoir quality carbonates and oil shows were encountered in the Naingopo well.

Prospect I is targeting 365 million bbl of unrisked and 32 million bbl of risked prospective light-medium oil resources, or 1.9 tcf of unrisked and 140 bcf of risked prospective natural gas resources. It is the company's largest prospect to be drilled to date.