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RECONAFRICA AND NAMCOR COMPLETE 2ND PHASE OF SEISMIC & PREPARE TO SPUD THE FIRST OF FOUR OIL TARGETS IN THE KAVANGO BASIN
RECONAFRICA AND NAMCOR COMPLETE 2ND PHASE OF SEISMIC & PREPARE TO SPUD THE FIRST OF F...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n RECONAFRICA AND NAMCOR COMPLETE 2ND PHASE OF SEISMIC & PREPARE TO SPUD THE FIRST OF FOUR OIL TARGETS IN THE KAVANGO BASIN\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 RECONAFRICA AND NAMCOR COMPLETE 2ND PHASE OF SEISMIC & PREPARE TO SPUD THE FIRST OF FOUR OIL TARGETS IN THE KAVANGO BASIN\n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 22, 2022\n \n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) and its joint venture partner NAMCOR (the state oil company of\n \n Namibia\n \n ) are pleased to announce completion of the second phase of seismic (761 km) and commencement of the first seismically defined, initial four well drilling program with the first well 1819/8-2 (\"8-2\") scheduled to spud on or before\n \n June 25, 2022\n \n .\n \n \n \n \n \n \n \n \n \n \n Seismic\n \n \n Operations\n \n \n \n The joint venture partners, ReconAfrica and NAMCOR, have successfully completed the second seismic acquisition program comprising 761 linear kilometres of 2-D seismic completed on budget and on schedule. 180,312 human hours were utilized during the campaign, of which approximately 80% were Namibians recruited nationally and, predominantly, from local communities. As with the Phase 1 program, the Company will utilize multiple processing companies to provide the best possible seismic images.\n \n \n Including Phase 1, ReconAfrica has currently acquired 1,211 kilometres of seismic within its over 34,000 square kilometre licensed area.\n \n \n Planning is currently underway for the next phase of 2D seismic acquisition, which is anticipated to comprise in excess of 1,000 kilometres of 2-D seismic. This will be an extensive program and subject to permitting, the Company anticipates on the ground acquisition to begin the fall of 2022.\n \n \n \n Drilling Operations\n \n \n \n This initial four well program will be executed continuously and will target seismically defined structures with the objective of testing two of the three play types; oil prone...