On August 5, 2021 ReconAfrica and NAMCOR provided, based on the mud logging report and geochemical analysis, more comprehensive data confirming a working conventional petroleum system in the Kavango Sedimentary Basin.
- The 6-2 well and 6-1 well reached total depths of 2,294 meters (7,526 feet) and 2,780 meters (9,121 feet) respectively.
- The 6-2 well had over 250 meters (820 feet) of hydrocarbon shows while the 6-1 had over 350 meters (1,148 feet) of hydrocarbon shows.
- Both wells had full logging suites, extensive sidewall cores in addition to the full sample analysis of cuttings, and hydrocarbon shows, and were completed to enable the running of vertical seismic profiles in the next month, and potential for re-entry production testing at a later date.
- The Company has now completed all drilling components required to satisfy the work program requirements for an extension of the exploration period on PEL 73.
- The Company will transition to the exploration phase of drilling activity, targeting mapping of the entire leasehold and potential accumulations of recoverable commercial hydrocarbons.
A complete report on the sample logging of hydrocarbon intervals from the 6-2 well can be seen here.
Next Phase of Exploration Program:
With the confirmation of a working conventional hydrocarbon system within the first of a potential five sub basins, ReconAfrica and NAMCOR will be using drilling and 2D seismic data to determine future drilling locations. In addition to potential production testing results from the 6-2 and 6-1 wells, future drilling locations will target potential hydrocarbon bearing structures from the seismic program with the purpose of achieving commercial levels of oil and natural gas production.
It is expected that once the seismic data is acquired, an additional one or two wells will be drilled in 2021 and a further two to four wells drilled in the first half of 2022. Additionally, the acquisition and integrated interpretation of the 2D seismic data will facilitate a farm out joint venture process for the Company which will further accelerate the overall evaluation, exploration, and development of the 8,500,000 acres in Namibia and Botswana. (ReconAfrica and NAMCOR Provide Additional Drilling Results and Plans for Next Exploration Phase in the Kavango Basin – August 5, 2021)