ReconAfrica Provides Operational Update and Reports 2025 Year-End Results

About this update from Reconnaissance Energy Africa Ltd.

ReconAfrica Provides Operational Update and Reports 2025 Year-End Results CALGARY, Alberta, April 14, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company”, “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to provide an operational update and report 2025 financial and operational results. The Company also renewed its shelf prospectus. All filings are available at SEDAR+ (sedarplus.ca). Brian Reinsborough, President and CEO, stated: "2025 was another transformational year for ReconAfrica as we progressed all aspects of our strategic goals. We completed our farm down transaction with BW Energy Ltd. which was a significant milestone for the Company. We made the strategic move to broaden our portfolio by entering the shallow waters of Gabon by signing the Ngulu PSC, which adds another discovery to our inventory and high potential exploration acreage. We entered Angola by signing the MOU to ensure we captured significant running room in the Damara Fold Belt in advance of drilling the Kavango discovery. And finally, we made a significant play opening discovery at the Kavango West 1X well. I congratulate the ReconAfrica team, and our partners, for making this an exceptional year of advancement for the Company." Namibia In Namibia, operations at the Kavango West 1X discovery well are proceeding on schedule with the optimized zone production testing expected to commence early-to mid-May. The five-inch production liner has been set in the well bore which will allow zones to be isolated and tested sequentially. Perforating and testing of the six hydrocarbon bearing zones, ranging in thickness from 45-75 metres in both the Elandshoek and Huttenburg formations, will test approximately 420 metres of hydrocarbon saturated section. The production test, which is designed to determine hydrocarbon phase and deliverability, will be conducted in sequence from the deepest to the shallowest zone of interest. Testing of each zone could last up to 10 days, extending completion of the testing period to approximately the end of June. The Company continues to advance preparations of a follow up appraisal well, located approximately 3-4 km southeast of the KW1X discovery. A successful follow up appraisal well will enable the booking of reserves and determination of a final investment decis...

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