Business
RECONAFRICA RECEIVES ENVIRONMENTAL CLEARANCE CERTIFICATE TO DRILL 12 NEW WELLS IN THE KAVANGO BASIN, NAMIBIA
RECONAFRICA RECEIVES ENVIRONMENTAL CLEARANCE CERTIFICATE TO DRILL 12 NEW WELLS IN THE KAVANGO BAS...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n RECONAFRICA RECEIVES ENVIRONMENTAL CLEARANCE CERTIFICATE TO DRILL 12 NEW WELLS IN THE KAVANGO BASIN, NAMIBIA\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 \n VANCOUVER, BC\n \n \n ,\n \n \n July 12, 2023\n \n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) announces it has received its Environmental Clearance Certificate (\"ECC\") from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism, covering PEL 73 licence, which extends over an area of ~6.3 million acres (~25,000 km2), in northeastern\n \n Namibia\n \n .\n \n \n \n \n \n \n \n \n \n The ECC authorizes ReconAfrica to commence the drilling of an additional 12 exploration and appraisal wells, to unrestricted depths, in the Kavango Basin, in\n \n Namibia\n \n from\n \n July 4, 2023\n \n , until\n \n July 4, 2026\n \n . The primary objective of the upcoming drilling program is to establish commercial accumulations of oil and or natural gas and natural gas liquids which were identified in the first three stratigraphic test wells. Management's current focus in the 3rd & 4th quarter of 2023 is developing and prioritizing its prospect inventory in order to execute a multi-well drilling program targeting both primary plays; the Damara Fold Belt and the Karoo Rift Basin, with initial emphasis on the Damara Fold Belt as detailed in the Company's\n \n June 26, 2023\n \n , news release.\n \n \n \n About ReconAfrica\n \n \n \n ReconAfrica is a Canadian oil and gas company engaged in the opening of the newly discovered deep Kavango Sedimentary Basin in the Kalahari Desert of northeastern\n \n Namibia\n \n and northwestern\n \n Botswana\n \n , where the Company holds petroleum licences comprising ~8 million contiguous acres. In all aspects of its operations ReconAfrica is committed to minimal disturbance of habitat in line with international standards and will implement environmental and social best practices in all of its project areas...