ReconAfrica has set intermediate casing and reports results in the first section of the second well (6-1) confirm a working petroleum system in the Kavango Sedimentary Basin in the Kalahari Desert of North East Namibia.
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VANCOUVER, BC, June 3, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. (the Company or ReconAfrica ) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the Company has set intermediate casing and is pleased to report geologic results in the first section of this second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. As well, the Company is strengthening its Environment, Social & Governance ( ESG ) standard and committing a minimum of Canadian $10mm (Namibian $112mm) of ESG expenditures to the Kavango region in which it operates.
Drilling Operations
In keeping with its commitment to the Namibian government, on May 5, 2021 the Company commenced drilling operations of its second well (6-1), of an initial three well program to continue the evaluation of working conventional hydrocarbon systems confirmed in the first well (6-2) in the Kavango Sedimentary Basin.
RPS has been chosen by BP and EnBW as Environmental Impact Assessments (EIA) and Habitat Regulations Assessment (HRA) lead for the development of their lease areas in the Irish Sea.
The lease areas, with preferred bidder status recently awarded as part of The Crown Estate s Offshore Wind Leasing Round 4, have a combined potential capacity of 3GW.
This is enough to power the equivalent of more than 3.4 million UK homes with clean electricity.
RPS will lead a range of assessments, working closely with the BP and EnBW project team and a wide range of stakeholders, culminating in an application for development consent for each project.