Business
RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE
RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE Canada NewsWire CALGARY, AB ...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n\n\n\n RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 6, 2024\n \n\n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"\n \n Company\n \n \" or \"\n \n ReconAfrica\n \n \") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD), announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 (\"\n \n PEL 73\n \n \"), onshore northeast\n \n Namibia\n \n .\n \n\n\n\n\n\n\n\n\n\n\n\n Brian Reinsborough\n \n , President and CEO commented:\n \n\n \"With the Company funded for our multi-well exploration program and the joint venture agreement in place with BW Energy, focus returns to operations associated with the Naingopo exploration well and other activities on PEL 73. The Naingopo well is currently drilling on schedule and on budget to a depth of 1,450 metres and we will soon be drilling into key targeted intervals. We will continue to drill through key intervals throughout the remainder of the well, which is targeted to complete drilling in early October with results thereafter. We are pleased with the performance of our drilling crew and all the people from our key third party contractors. Elsewhere on PEL 73, we have started construction on the access road leading to Prospect P, our second Damara Fold Belt exploration well, which is targeted to commence drilling in Q4 2024. One year ago this month I began my journey with the Company, during which, we have implemented widespread strategic and tactical changes and are currently executing multiple facets of our high impact exploration program which we expect to deliver significant value for shareholders.\"\n \n\n\n Exploration Drilling\n...