Reconnaissance Energy Africa\u00a0 has announced it has set intermediate casing and reports geologic results in the first section of this second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. The company adds that is strengthening its Environment, Social & Governance (ESG) standard and committing a minimum of Canadian $10mm (Namibian $112mm) of ESG expenditures to the
\nKavango region in which it operates.<\/p>\n
Drilling Operations<\/strong> Having set and cemented 17 \u00bd\u201d surface casing at 150m, earlier this month, ReconAfrica has reached the intermediate casing point, set 12 \u00bc\u201d steel casing and has completed the cementing operation. Steel casing and cementing are key elements of all oil well drilling to protect natural aquifers. This work has been completed in accordance with international standards and best practices.<\/p>\n Based on initial analysis of this first section, ReconAfrica is pleased to report 134m (440 feet) of light oil and gas shows from the 6-1 well. The shows are similar in character to those seen in the 6-2 well, 16 km to the south. This second well (6-1), like the first well (6-2), is in the same subbasin, shows clear evidence of a working conventional petroleum system.<\/p>\n ReconAfrica director Dr Jim Granath stated: \u201cIn these first two wells, the many oil and gas shows, with such variety, is certainly remarkable. It is highly encouraging to see clastic and thick carbonate sections which appear to have similar reservoir characteristics as observed in many other petroleum provinces.\u201d<\/p>\n With the completion of the intermediate casing operation, the Company is drilling ahead on schedule to finish drilling operations of the 6-1 well by the end of June, 2021.<\/p>\n Data Analysis<\/strong> In the first well (6-2), over 150 sidewall cores were taken and Core Labs (Houston, Texas) \u00a0has begun a detailed scientific analysis program. In the first section of the 6-1 well currently drilling, 37 sidewall cores have been taken and are in transit to Core Labs. The results of this program will be used to finalize analysis of the 6-2 well, and to inform the initial analysis of the 6-1 well. Complete analysis of these two wells is expected to be The 6-1 and 6-2 wells are in the same sub-basin, one of five major sub-basins of the larger, more laterally extensive Kavango Sedimentary Basin. The upcoming 2D seismic survey will tie in the data from these two wells and provide the first regional interpretation of the overall basin.<\/p>\n Environment, Social and Governance Progress Timeline<\/strong> ReconAfrica is committed to building a successful exploration company while also being ReconAfrica has also engaged in a range of initiatives and activities which have improved the lives of people in their operating areas – including providing much-needed COVID-19 pandemicresponse support and clean drinking water. The Company plans to outline a comprehensive plan and investments with milestones around its long term global ESG mandate within the next 60 days, however given the significant milestones it has already hit, it is important to update the market with the following: Environment<\/strong> Social<\/strong>
\nIn 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.<\/p>\n
\nReconAfrica is again using industry leaders to provide analysis of this critical well, including Schlumberger, Geomark Research (Houston, Texas) and Netherland Sewell and Associates (Dallas, Texas). Due to the success of the 6-2 well, ReconAfrica has added additional scientific analysis to the already robust program of data capture and analysis for the 6-1 well, including capture of natural gas samples using IsoTubes\u00ae technology to enable analysis of natural gas composition.<\/p>\n
\ncompleted by the end of July.<\/p>\n
\n\u201cAs ReconAfrica moves further into its early-stage exploration program, we are strengthening our Environment, Social and Governance (ESG) performance standards. Our goal in expanding our ESG program is to not only meet, but exceed regulatory compliance as we continue to implement measures to protect the environment, implement a net-zero carbon program and enhance the livelihoods of the people of Namibia,\u201d said Scot Evans, Chief Executive Officer of ReconAfrica.<\/p>\n
\ncommitted to building an ESG mandate globally for the next decade. ReconAfrica and its growing Reconnaissance Energy Namibia Pty. Ltd. (REN) team have structured an ESG plan to go hand in hand with its exploration mandate. For well over a year, the Company has met a number of important ESG and Corporate Social Responsibility (CSR) objectives and commitments.<\/p>\n
\nReconAfrica\u2019s ESG framework provides a basis for measuring its performance against the highest global standards.<\/p>\n
\n\u2022 ReconAfrica has conducted comprehensive Environmental Impact Assessments to fully
\nunderstand and protect the Kavango East and West regions, under the Namibian
\nregulatory framework.
\n\u2022 The Company is working with all levels of government, Traditional Authorities and other stakeholders to protect Namibia\u2019s water, with three key goals to support its water
\nmanagement protection measures including:
\no aquifer protection
\no surface water and drainage management
\no sustained protection of self-imposed project no-go zones
\n\u2022 ReconAfrica has a wildlife survey specialist as part of its ESG team to develop, implement and monitor rigorous wildlife-protection measures, in collaboration with the tourism industry, business organizations, governments, Traditional Authorities and multi-national conservation groups.<\/p>\n
\n\u2022 ReconAfrica has completed extensive consultation and engagement initiatives with
\nimpacted and interested local, regional and national stakeholders; its engagement efforts
\ninclude indigenous communities, at the invitation of San (Kwe) tribal leaders; this
\nengagement is provided in local languages, with issues and concerns carefully tracked
\nand addressed at follow-up sessions.
\n\u2022 The Company is using its drilling expertise to provide new potable water from the region\u2019s considerable aquifer systems; to date, the Company has drilled four solar-powered community water wells, with plans to drill and donate another six water wells as soon as permits are provided.
\n\u2022 ReconAfrica is working with local, regional and national suppliers and service providers to foster economic development; to date, ReconAfrica has employed more than 200
\nNamibian residents on its stratigraphic drilling project.
\n\u2022 ReconAfrica is working with Namibian educational institutions to enhance training
\nprograms in STEM (Science, Technology, Engineering and Math).<\/p>\n","protected":false},"excerpt":{"rendered":"