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First Section of the Second Well (6-1) Provides Further Confirmation of a Working Petroleum System and First Report of Progress On ESG
First Section of the Second Well (6-1) Provides Further Confirmation of a Working Petrole...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n First Section of the Second Well (6-1) Provides Further Confirmation of a Working Petroleum System and First Report of Progress On ESG\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 3, 2021\n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) announces the Company has set intermediate casing and is pleased to report geologic results in the first section of this second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. As well, the Company is strengthening its Environment, Social & Governance (\"ESG\") standard and committing a minimum of Canadian $10mm (Namibian $112mm) of ESG expenditures to the Kavango region in which it operates.\n \n \n \n \n \n \n \n \n \n \n Drilling Operations\n \n \n \n In keeping with its commitment to the Namibian government, on\n \n May 5, 2021\n \n the Company commenced drilling operations of its second well (6-1), of an initial three well program to continue the evaluation of working conventional hydrocarbon systems confirmed in the first well (6-2) in the Kavango Sedimentary Basin.\n \n \n Having set and cemented 17 ½\" surface casing at\n \n 150m\n \n , earlier this month, ReconAfrica has reached the intermediate casing point, set 12 ¼\" steel casing and has completed the cementing operation. Steel casing and cementing are key elements of all oil well drilling to protect natural aquifers. This work has been completed in accordance with international standards and best practices.\n \n \n Based on initial analysis of this first section, ReconAfrica is pleased to report\n \n 134m\n \n (440 feet) of light oil and gas shows from the 6-1 well. The shows are similar in character to those seen in the 6-2 well, 16 km to the south. This second well (6-1), like the first well (6-2), is in the same sub-basin, shows clear evidence of a working conventional petroleum system.\n \n \n ReconAfrica director Dr\n \n Jim Granath\...