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RECONAFRICA ANNOUNCES THE SPUD OF THE NAINGOPO EXPLORATION WELL, JOINT VENTURE UPDATE AND WARRANT EXERCISE UPDATE
RECONAFRICA ANNOUNCES THE SPUD OF THE NAINGOPO EXPLORATION WELL, JOINT VENTURE UPDATE AND WARRANT...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n RECONAFRICA ANNOUNCES THE SPUD OF THE NAINGOPO EXPLORATION WELL, JOINT VENTURE UPDATE AND WARRANT EXERCISE 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.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\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 July 8, 2024\n \n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) and its joint venture partner NAMCOR (the state oil company of\n \n Namibia\n \n ), announce the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (\"PEL 73\"), onshore northeast\n \n Namibia\n \n . Additionally, the Company announces a joint venture update as well as a warrant exercise update.\n \n \n \n \n \n Brian Reinsborough\n \n , President and CEO commented\n \n \n : \"Our operations teams spud the well on\n \n July 7, 2024\n \n . We are extremely excited to be drilling this high impact Damara Fold Belt well that our technical and operations teams have been planning over the past 11 months, since I joined ReconAfrica. The Naingopo well represents the first well in a multi-well exploration drilling campaign on PEL 73. The well is anticipated to reach total depth of 3,800 metres (12,500 feet), and take 90 days to drill. This is a significant play opening well which may unlock a total potential resource of over 3.1 billion barrels of oil or 18 trillion cubic feet of natural gas based on the most recent prospective resource report prepared by Netherland, Sewell & Associates Inc. (\"NSAI\"), dated\n \n March 12, 2024\n \n \n (1)\n \n .\"\n \n \n \n \n \n Chris Sembritzky\n \n , Senior VP of Exploration commented:\n \n \n \"The Naingopo exploration well is the first we...