Vancouver, BC, September 2, 2021 (CNW) – Renaissance Energy Africa Limited »Company ”or »ReconAfrica “) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and its partner NAMCOR (State Oil Company Namibia) Core laboratories in the Kavango Basin (“Core Laboratories”) and preliminary analysis of the first drilled well (6-2 wells) and Netherlands Seville & Affiliates Inc. (“NSAI”).
Log and main analysis
The first NSAI petrophysical study in the Cavango Basin identified five possible reservoir zones in 6-2 wells, three of which are classic zones (sandstone) and two carbonate zones based on the first set (limestone, dolomite). Core Analysis and Mineral Information from Core Lab. This study, which connects wire line log data, core data, sampling and hydrocarbon data to 6-2 wells, confirms 198 m (650 feet) of clean water at five different intervals. The NSAI approach is available here www.reconafrica.com/operations/academic-reports/ReconAfrica-Namibia-Petrophysical-Study-083121.pdf
CEO of ReconAfrica Scott Evans “Previously released oil and gas data confirms an active petroleum system. Currently, the NSAI Reservoir Survey confirms at least five high-quality standard reservoir targets and a high stamp for monitoring the basin. Current seismic data determine hydrocarbon traps, scale and geometry (complete closure of reservoirs) and strengthen all data to identify potential business areas for further exploration.
according to Nick Steinsberger, Excavations and Completions of the Company Senior Vice President, “The NSAI study provides sample records and geochemical data to determine the presence of water reservoirs in the first staggraphic test. Namibia. The oil and gas exhibits reported from the logs at the site of the well are from gaps in the quality of the reservoir. The first carbonate storage zone contains, for example, a core with 17% efficiency, multiple masonry quality permeability and some fracture porosity. Porosity reflects the storage capacity of a reservoir, but the tunnel describes its ability to flow into the rock. The goals of ReconAfrica’s strategic experiments were achieved in an unselected basin, paving the way for further oil exploration efforts in the Cavango Basin.
The seismic field is currently performing well, with approximately 30 percent of the 450 km program completed with good initial data quality. The program is scheduled to complete the purchase and interpretation October 2021. 2D earthquakes will be based on the necessary secondary drilling and will be based on the structures or traps described for the quake, which is expected to begin before the end of the year.
Once the 6-2 pits are complete and the results of the 2D earthquake data are complete, the company will make a decision on the product test.
This is an important first step, as the data from our first two wells, combined with seismic data, will enable ReconAfrica and the Independent Engineering, Geological and Geological Consultant, NSAI, and the Kavango Basin to develop new resource reports. Determine the next best place to explore.
Environmental, social and administrative
In addition to the four existing community-run community water wells, Recon Africa has, in collaboration with local and government water authorities, approved another 20 community wells. The company now employs two Namibian contractors, Aqua Darling drilling and Leben Technical Services, all to install solar panels. Of the first eight of the 20 wells planned to be drilled east of Kavango East and Kavango West, both contractors are expected to start work in early September.
ReconAfrica now employs more than 300 Namibian residents for local employment, is committed to gender equality and continues to increase the number of women employed locally.
ReconAfrica is a Canadian oil and gas company based in the newly discovered deep Cavango Seminary Basin in the northeastern Kalahari Desert. Namibia And Northwest Botswana, The company owns about 8.5 million hectares of petroleum licenses. In all areas of operation, ReconAfrica is committed to minimal disruption by international standards and implements environmental and social best practices across all project areas.
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Careful note of future statements: Some of the statements in this press release contain information about the future of Canada United States And other applicable warranty laws, regulations and guidelines, Unrestricted, Standard Petroleum Operations, Data Interpretation and Analysis, Results and Samples from the Company’s Strategic Pits, NSAI 6-2 Wells Characteristics of these zones 198 m (650 feet) Net Reservoir With more than five different gaps and 6-2 wells, the company has an earthquake program that determines the size and geometry of hydrocarbon traps in the Cavango Basin, indicating the presence of quality rocks and rock reservoirs. For the next exploration business, the time required to obtain and interpret information from the company’s earthquake program, the start of drilling in seismic-defined structures or traps and the company’s decision on product testing, information from the company’s first two strategic wells The capacity of the Cavango Basin will allow him to prepare a new asset report and determine the best start of the next exploration drill. Improved community wells in the first eight per cent of the company’s 20 perm, the company’s continued involvement and its relationship with relevant authorities in all project-affected areas and its commitment to minor disruptions in line with international standards and practice local and social best practices in all project areas To do. These statements relate to future events or future performance. Any statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements, statements The outcome and timing of events are based on ReconAfrica’s current beliefs or assumptions. There is no guarantee that such statements are accurate, as the actual results and future events of the Company may differ materially from those expected in the “Accident Causes” section. Date of the Company Updated and Returned Annual Information Form May 19, 2021 Available at www.sedar.com under the Company Profile. Real future results may vary materially. Various assumptions or reasons are applied to draw conclusions or to make predictions or assumptions in future data. Those assumptions and reasons are currently based on information available for Rikon Africa. Relevant information contained in this release is effective from this date and ReconAfrica is under no obligation to update or revise any future information unless requested to do so by new information, future events or otherwise. Laws. As a result of these risks, uncertainties and assumptions, investors should not be unreasonable in the future. The above statements clearly meet any future information contained herein.
SOURCE Reconnaissance Energy Africa Ltd.
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