Reconnaissance Energy Africa Ltd has provided an update on its ongoing drilling operations at Prospect I, the largest site in its Namibian exploration program. This onshore prospect, located within Petroleum Exploration Licence 073 (PEL73), marks a key phase in the company’s strategy to explore untapped resources in the Kavango Basin.
The latest prospective resources report from the independent firm Netherland, Sewell & Associates Inc. (NSAI) estimates that Prospect I targets approximately 365 million barrels of unrisked light to medium oil resources and 32 million barrels of risked resources. These figures are based on ReconAfrica holding a 100% working interest in the site. The report also estimates the site could contain up to 1.9 trillion cubic feet of unrisked natural gas and 140 billion cubic feet of risked gas resources.
The company confirmed that pre-construction activities are progressing as planned, and pre-drill assessments have been completed. The current drilling plan aims for a target depth of 3,800 meters, with flexibility to go deeper if geological conditions allow, similar to the Naingopo exploration well.
The primary geological targets include the Otavi section, which is estimated to be between 1,500 and 1,800 meters thick. This formation showed favorable characteristics in previous operations, particularly at the Naingopo well, where over 50 meters of reservoir-quality carbonates were found, along with signs of hydrocarbons.
Data from the Naingopo drilling has helped refine the geological model for the Damara Fold Belt, a complex structure targeted by ReconAfrica. The analysis improved the understanding of time and depth migration patterns for the Mulden and Otavi layers, supporting the company’s overall exploration strategy.
Brian Reinsborough, President and CEO of Reconnaissance Energy Africa Ltd., said, “The Naingopo well results have boosted our confidence in Prospect I’s potential. We are on track to spud the well this quarter.”
source;energynews.pro
