Reconnaissance Vitality Africa Ltd. (ReconAfrica) has accomplished the drilling of the Naingopo exploration effectively on Petroleum Exploration License 073 (PEL 73), onshore Namibia.
Vancouver-based ReconAfrica mentioned in a information launch that it has drilled the Naingopo exploration effectively to a complete depth of 13,727 toes (4,184 meters). The corporate plans to undertake a complete logging and coring program, and carry out a Vertical Seismic Profile (VSP), adopted by casing and cementing the effectively.
The Naingopo effectively is concentrating on 181 million barrels of unrisked and 15 million barrels of risked potential mild/medium oil sources, or 937 billion cubic toes of unrisked and 65 billion cubic toes of risked potential pure gasoline sources, on a one hundred pc working curiosity foundation, primarily based on the latest potential sources report ready by Netherland, Sewell & Associates, Inc. (NSAI).
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In December, the corporate will undertake restore and upkeep actions on the Jarvie-1 drilling rig. It mentioned it expects to maneuver to the Kambundu (Prospect P) effectively location “after finishing the assessment of the outcomes from present operations”.
Kambundu is concentrating on 309 million barrels of unrisked and 15 million barrels of risked potential mild/medium oil sources, or 1.6 trillion cubic toes of unrisked and 64 billion cubic toes of risked potential pure gasoline sources, on a one hundred pc working curiosity foundation, primarily based on the latest potential sources report ready by NSAI.
ReconAfrica President and CEO Brian Reinsborough mentioned, “We’re excited to have accomplished the drilling operations on the Naingopo exploration effectively, drilling past our unique projected TD of three,800 meters. The Naingopo effectively is the primary of a number of to check the potential useful resource of the Damara Fold Belt. We are going to now start an intensive analysis program, which is able to embrace wireline logging and coring, Modular Formation Dynamics Tester (MDT) sampling and testing of any hydrocarbons current, and a Vertical Seismic Profile (VSP). Our technical workforce will then assess all knowledge to find out the outcomes, which is able to help us in finalizing additional plans within the Damara Fold Belt”.
PEL 73 is situated in northeast Namibia, overlaying an space of roughly 9784 sq. miles (25,341 sq. kilometers). The 2 exploration wells are situated within the Damara Fold Belt Basin. After the 2 preliminary exploration wells, the corporate plans a 3D seismic survey of the Kavango Rift Basin within the second half of 2025, which can end in two further exploration wells.
In July, ReconAfrica entered right into a definitive settlement with BW Vitality Restricted for a 20 % working curiosity in PEL 73, together with a $16 million fairness funding to assist a multi-well exploration program, and extra contingent funds of $125 million, primarily based on assembly sure improvement, manufacturing and money move milestones.
ReconAfrica is a Canadian oil and gasoline firm engaged within the opening of the newly found deep Kavango Sedimentary Basin within the Kalahari Desert of northeastern Namibia and northwestern Botswana, the place the agency holds petroleum licenses comprising roughly eight million contiguous acres.
In response to the corporate’s web site, the agency has been granted licenses by Namibia and Botswana to discover and make sure the presence of hydrocarbon sources.
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