ReconAfrica Completes Evaluation of Namibia's Kavango Basin
Toronto-listed Reconnaissance Energy Africa (ReconAfrica) has completed a subsurface evaluation delineating prospective conventional hydrocarbon-bearing structures in Kavango Basin in Namibia, it said on July 7 in a statement.
“The primary objective of ReconAfrica‘s initial three well drilling program, scheduled for Q4 of 2020, is to confirm a thick, active, petroleum system throughout the deep Kavango basin. Specifically, the wells are designed to test organic-rich shales and more shallow conventional structures throughout the sedimentary basin,” the company said.
ReconAfrica said it has been able to identify the faulting system throughout the basin, responsible for developing potential conventional fault and stratigraphic hydrocarbon-bearing structures. “This work builds on the unconventional potential previously identified for Kavango Basin,” it added.
ReconAfrica is a junior oil and gas company engaged in the development of the newly discovered Kavango Basin, in northeast Namibia, where it holds a 90% working interest in a petroleum licence, comprising approximately 6.3mn contiguous acres.