Damara Fold News Today

The well remains on schedule to begin drilling this month and is targeting 163 MMbbl of unrisked prospective oil resources or 843 Bcf of unrisked prospective natural gas resources, net to ReconAfrica.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

The well remains on schedule to begin drilling in June 2024 and is targeting 163 MMbbl of unrisked prospective oil resources or 843 Bcf of unrisked prospective natural gas resources based on the most recent prospective resources report.

VANCOUVER, BC, May 23, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 , onshore...

Reconnaissance Energy Africa has announced an operations update with respect to activity relating to Petroleum Exploration Licence 73 (PEL 73), onshore northeast Namibia, an update on the joint venture process and the termination of the marketing agreement with FTB Capital Inc.

Investegate announcements from Proposed placing to raise up to A$9.8 million

The latest exploration news and analysis from across Africas oil industry

The company is targeting 163 million barrels of unrisked prospective oil resources.

A significant new play type has been confirmed in the southern and western parts of the company’s 6.3 mn acre exploration licence area in Namibia – PEL 73

ReconAfrica has announced that recent data from the ongoing phase two 2D seismic program has confirmed a significant new play type in the southern and western parts of the Company’s ~6.3 million acre exploration licence area in Namibia – PEL 73. This new fold belt province, the Damara Fold Belt, consists of a very prominent and clearly imaged series of anticlinal structures, also known as Whaleback anticlines.