Business
ReconAfrica Granted a One Year Extension on the First Renewal Period for Petroleum Exploration Licence (PEL) 73 Due to COVID-19 Relief
ReconAfrica Granted a One Year Extension on the First Renewal Period for Petroleum Explor...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n ReconAfrica Granted a One Year Extension on the First Renewal Period for Petroleum Exploration Licence (PEL) 73 Due to COVID-19 Relief\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 Sept. 23, 2021\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 Ministry of Mines and Energy (\"MME\") has granted approval of a one year extension on the First Renewal Period from\n \n 29 January 2022\n \n to\n \n 29 January 2023\n \n , relating to the approximate 6.3 million acre (PEL) 73 exploration licence, due to the impacts of the Covid-19 pandemic on the Company's operations.\n \n \n \n \n \n \n \n \n \n \n Scot Evans\n \n , ReconAfrica CEO said, \"I appreciate the MME recognizing the challenges COVID-19 has had on our operations by granting the extension to the First Renewal Period. I would also like to take the opportunity to recognize the efforts of the ReconAfrica team in adapting and minimizing the impacts the COVID-19 pandemic has had on the people of\n \n Namibia\n \n and our operations.\"\n \n \n \n The Ministry of Mines and Energy of\n \n Namibia\n \n \n is the State's lead agency in attracting private investment in resources exploration and development through the provision of geo-scientific information on minerals and energy resources, and management of an equitable and secure titles systems for the mining, petroleum and geothermal industries. It also carries prime responsibility for regulating these extractive industries and ensuring that safety, health and environmental standards are consistent with the relevant State and Commonwealth legislation, regulations and policies.\n \n \n \n Environmental, Social & Governance\n \n \n \n In addition to the four solar powered community water wells previously drilled, ReconAfrica, working with local and state water authorities, has now drilled and completed ...