ReconAfrica launches a 2D seismic program of 450 km; Kavango Basin, Kalahari Desert
VANCOUVER, BC, Jan. 18, 2021 / CNW / – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has started the licensing process for the acquisition of 450 kilometers of 2D seismic data in the Kavango Deep Basin in the Kalahari Desert in northeastern Namibia. To run the program, the Company has contracted Polaris Natural Resources Inc., situated at Calgary, Alberta, Canada.
Seismic operations
Following a competitive bidding process, ReconAfrica contracted Polaris Natural Resources Inc., from Canada the oldest seismic company to provide acquisition services for its first 2D seismic program. Polaris has conducted over 1,000 seismic projects since 1996 and introduced the first “low impact seismic team” in Africa in 2008. This includes the patented Polaris Explorer 860 power source which is the world’s most environmentally friendly seismic source. This technology has been used with great success on more than 15 projects in East Africa and has been well accepted in all communities where it has been used. This source will be supplemented by the newest and smallest wireless recording nodes or receivers in the world.
Bill Mooney, CEO of Polaris, said: “Polaris is very happy to support ReconAfrica in this world class project. The combination of technologies used not only represents the lightest seismic footprint possible, but also allows very fast and high resolution data acquisition.
The Company intends to perform, process and interpret 450 km of 2D seismic which will be linked to the active three-well drilling program. The proposed seismic study will be carried out along existing roads and tracks. The process of assessing the environmental impact of this operation began with the posting of public sessions.
“The Kavango Basin is a large sedimentary basin made up of five sub-basins and many structural features” says CEO Scottish Evans. “The initial seismic program will provide the basis for the assessment and ultimately the drilling of this very large set of conventional oil and gas prospects.”
Community
In keeping with ReconAfrica’s strong commitment to community employment, Polaris’ corporate goals are to implement an 85% local content policy on all of its operations regarding employment, supplies and consumables.
Regarding the drilling of three new community water wells, ReconAfrica, in collaboration with local authorities, has now identified the optimal well locations for community members who need access to water the most. potable water. The Company hired Aqua Drilling, a local contractor, to begin drilling the first of these three wells in the coming days. In this regard, please consult “The voices of Kavango”.
We continue to engage and meet with our stakeholders, and we remain committed to hiring local and national experts, and purchasing products and services in the region and around the world. Namibia. Our responsible approach to resource development is demonstrated by our actions.
ReconAfrica is a junior Canadian oil and gas company engaged in the opening of the recently discovered Kavango Deep Sedimentary Basin in the Kalahari Desert from the northeast Namibia and north-west Botswana, where the Company holds petroleum licenses covering approximately 8.5 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimizing disruption in accordance with best international standards and will implement best environmental and social practices in all of its project areas.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding forward-looking statements: Certain statements contained in this press release constitute forward-looking information under applicable Canadian law, United States and other applicable securities laws, rules and regulations, including, without limitation, statements regarding exploration and drilling activities proposed by the Company, including its proposed 2D seismic program and schedule and the expected results of exploration and drilling activities proposed by the Company Activities, including its draft 2D seismic program, the Company’s implementation of best environmental and social practices, the Company’s engagement with local authorities and communities, including the Company’s plan to drill community water wells and procure products and services in the area of Company properties and through Namibia. These statements relate to future events or future performance. The use of any of the words “could”, “intention”, “expect”, “believe”, “will”, “proposed”, “estimated” and similar expressions and statements relating to Matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions about the outcome and timing of such future events. There can be no assurance that these statements will prove to be accurate, as actual results and future events of the Company could differ materially from those anticipated in these forward-looking statements due to the factors described in the “Risk Factors” section in the Annual Information Form of the Company. company dated July 27, 2020 available under the company profile at www.sedar.com. Actual future results may differ materially. Various assumptions or factors are generally applied in drawing conclusions or making the forecasts or projections set forth in forward-looking information. These assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this press release is made as of the date hereof and ReconAfrica assumes no obligation to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except if required by applicable securities. laws. Due to the risks, uncertainties and assumptions contained in this document, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
SOURCE Recognition Energy Africa Ltd.
For more information: Scot Evans CEO or Doug Allen, SVP Investor Relations, Tel. : +1 (604) 423-5384, E-mail: [email protected]