ReconAfrica get environmental clearance to drill in Namibia
The company plans to drill an additional 12 exploration and appraisal wells.
Stay updated with breaking news from Northeastern Namibia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The company plans to drill an additional 12 exploration and appraisal wells.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces it has received its Environmental Clearance Certificate ("ECC") from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism, covering PEL 73 licence, which extends over an area of ~6.3 million acres (~25,000 km2), in northeastern Namibia.
Since the drilling started in Namibia in January 2021, ReconAfrica has not found any commercially exploitable oil reserves. However, concerns have been raised…