Reconnaissance Energy Africa Ltd. · TSXV:RECO
Reconnaissance Energy Africa — February 2025 Webinar
14 slides from Reconnaissance Energy Africa's conference presentation, Feb 13, 2025
Slide 1: Exploring and Developing the Damara Fold Belt and Rift Basin Onshore Namibia
WEBINAR PRESENTATION Exploring and Developing The Damara Fold Belt and Rift Basin Onshore Namibia February 13, 2025 WEBINAR - FEBRUARY 2025 TSXV | OTCQX | FRANKFURT | NSX
Slide 2: Forward Looking Information
Forward Looking Information Certain information in this Presentation may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation in Canada, the United States and any other applicable jurisdiction (collectively, “forward-looking
Slide 3: Prospective Resources Disclosure
Prospective Resources Disclosure With respect to the Company’s Namibian assets, as the Damara Fold Belt is a prospective resource and the first potential production in the Kavango Basin, an evaluation of commercialization will await a successful discovery well to provide critical production test dat
Slide 4: ReconAfrica Corporate Snapshot and What's New
RECONAFRICA PURE PLAY WEST AFRICA UPSTREAM EXPLORATION COMPANY Corporate Snapshot What’s New Experienced management team Completion of BW Joint Venture with established track record Naingopo Results Open Damara ~8.1 million acres secured with Fold Belt Play Type running room upon success Two Major P
Slide 5: Regional Overview – Owambo and Kavango Basins
Regional Overview – Owambo and Kavango Basins RIFT BASIN – KAVANGO BASIN S DAMARA FOLD BELT – OWAMBO BASIN N Ecca Kombat Mulden Dwyka Mulden Base of Rift Kombat Otavi Kombat Otavi Otavi Abenab Abenab Seep 400ms Well Shallow 3 km Rift Depth Deep Kombat Anticlines Base of Rift – Top Structure 5
Slide 6: Unlocking the Damara Fold Belt
Unlocking the Damara Fold Belt Naingopo Exploration Well Confirms Liquid Potential LEGEND 2D Seismic Line KAVANGO RIFT MARGIN Natural Gas Seep OIL AND NATURAL GAS Damara Fold Belt Prospect/Lead Kavango Rift Basin Prospect ▪ 6 Prospects(2) ▪ 45 Leads ▪ 25 MM Bbls(1) ▪ 485 MM Billion Bbls - Unrisked (
Slide 7: Kavango/Owambo Basin Stratigraphy
Kavango/Owambo Basin Stratigraphy Naingopo Stratigraphy Reservoirs Source Huttenberg reservoir – 50+m Net reservoir Elandshoek - Fluid fluorescence, oil presence in mud pit, collected oil from Elandshoek Fm. Time values from Hoffman, 2021 and Sr86/87 / C13 isotopes from Kawe 6-2 well 7
Slide 8: Owambo Basin Stratigraphy – Database of Wells
Owambo Basin Stratigraphy Database of Wells Etosha Well: Huttenberg reservoir, 69m net reservoir ETOSHA 5 – 1A NAINGOPO Naingopo Well: Huttenberg reservoir, 50+m net reservoir KAWE Kawe Well: Elandshoek reservoirs, 104m net reservoir MAKANDINA MBAMI
Slide 9: Naingopo Results
Naingopo Results Liquid Hydrocarbons Observed Pre-Drill W D5.3 E Unconformity Mid. Mulden ▪ Play opening well Kombat Otavi ▪ Proved working petroleum system in Damara Fold Belt Detachment Abenab ▪ Demonstrated oil potential in Damara Fold Belt Post-Drill D5.3 ▪ Significantly de-risked Prospect I W E
Slide 10: Well Comparison: Naingopo | Kambundu | Prospect I
Well Comparison Naingopo | Kambundu | Prospect I Prospect I Naingopo Kambundu GR DEPTH (TVD seismic) S S S Detachment S S 4250 MD PTD2 S S S Abenab Abenab Detachment Abenab ▪ Thick Otavi ~1800 m ▪ Otavi section in hanging wall not penetrated ▪ Otavi significantly shallower than Naingopo ▪ Continuous
Slide 11: Prospect I Attributes
Prospect I Attributes Prospect I Prospect I NW SE Kombat BSM Depth Structure NW KB22-014 SE D1 MULDEN Karoo D1 D2 Mid. Mulden OTAVI C.I. 50m Kombat ✓ Well defined structural closure BSM VE 2:1 TWT ✓ Shallow depth of Otavi ✓ Continuous seismic reflector package Prospect I ▪ Large 4-way dip closures O
Slide 12: 2025 3D Seismic Program
2025 3D Seismic Program Improved Imaging 2024 Seismic Parameter Testing ▪ Targeting ~ 500 sq. kms. of 3D ▪ Vibroseis provides quality high-resolution 3D data ▪ Tighter spacing of receivers provides more comprehensive imaging ▪ Potential for both the Kavango Rift Basin and Damara Fold Belt ▪ Acquisit
Slide 13: 2025 Catalysts and Activity
2025 Catalysts and Activity ▪ Completed drilling Naingopo well in November 2024, targeting to spud Prospect I in Q2 2025 Engineered to ▪ Received Environmental Clearance Certificate (“ECC”) to drill up to 12 wells to July 2026 efficiently drill into conventional ▪ Rig ownership helps manage costs an
Slide 14: Questions & Answers
QUESTIONS & ANSWERS WEBINAR- FEBRUARY 2025 TSXV | OTCQX | FRANKFURT