{"id":14647,"date":"2025-01-29T16:56:59","date_gmt":"2025-01-29T16:56:59","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14647"},"modified":"2025-01-29T16:57:04","modified_gmt":"2025-01-29T16:57:04","slug":"namibia-reconafrica-completes-strategic-farm-down-with-bw-energy","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-completes-strategic-farm-down-with-bw-energy\/","title":{"rendered":"NAMIBIA: ReconAfrica Completes Strategic Farm Down With BW Energy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Reconnaissance Energy Africa announces that, further to its announcements on\u00a0July 16, 2024\u00a0and\u00a0July 30, 2024\u00a0, it has completed the farm down agreement with BW Energy. The sale of a 20% working interest in Petroleum Exploration Licence 73, in northeast\u00a0Namibia, has been approved by the Namibian Ministry of Mines and Energy (MME) and Namcor Exploration and Production (Pty) Ltd (NAMCOR). The working interests in PEL 73 are now:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ReconAfrica, operator, 70% working interest;<\/li>\n\n\n\n<li>BW Energy 20% working interest; and<\/li>\n\n\n\n<li>NAMCOR 10% working interest.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Brian Reinsborough&nbsp;, President and CEO commented:&nbsp;<\/em><\/strong>&#8220;We are pleased to have received all the necessary approvals for the completion of our strategic farm down agreement with BW Energy on PEL 73. We look forward to working with BW Energy as we continue to explore the Damara Fold Belt and Rift Basin plays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The results of the Naingopo exploration well will be released shortly following third party analysis of our extensive evaluation program, which was undertaken after the completion of drilling operations on the well. Results have been delayed due to transportation of side wall cores and fluid samples over the holiday period. All samples have now arrived with our third parties and are being analysed.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Carl K. Arnet&nbsp;, CEO, BW Energy commented&nbsp;<\/em><\/strong>: &#8220;The transaction will enable BW Energy to expand its footprint in a strategically important energy region and further our position as a leader in&nbsp;Namibia&#8217;s&nbsp;journey towards energy independence. The data and insights gained through ReconAfrica&#8217;s exploration campaign will further our understanding of the geology and petroleum system in&nbsp;Namibia&nbsp;.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reconnaissance Energy Africa announces that, further to its announcements on\u00a0July 16, 2024\u00a0and\u00a0July 30, 2024\u00a0, it has completed the farm down agreement with BW Energy. The sale of a 20% working &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-completes-strategic-farm-down-with-bw-energy\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[7742,7913,1675,8312,7589],"class_list":["post-14647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-bw-energy","tag-namcor","tag-namibia","tag-pel-73","tag-reconafrica","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Of","jetpack-related-posts":[{"id":14407,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-bw-energy-to-acquire-shares-in-reconnaissance-energy-africa-pel-73\/","url_meta":{"origin":14647,"position":0},"title":"NAMIBIA: BW Energy to Acquire Shares in Reconnaissance Energy Africa &amp; PEL 73","author":"","date":"July 17, 2024","format":false,"excerpt":"BW Energy has signed a Letter Agreement with Reconnaissance Energy Africa Ltd (ReconAfrica) to acquire approximately 16.8 million common shares and 16.8 million warrants for a total consideration of USD 16 million in ReconAfrica\u2019s announced equity raise. By participating in the equity raise, BW Energy will also receive a 20%\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-PEL-93-1.png?fit=562%2C549&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-PEL-93-1.png?fit=562%2C549&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-PEL-93-1.png?fit=562%2C549&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10946,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-granted-a-1-year-extension-for-pel-73\/","url_meta":{"origin":14647,"position":1},"title":"NAMIBIA: ReconAfrica Granted  a 1-Year Extension for PEL 73","author":"","date":"September 30, 2021","format":false,"excerpt":"Reconnaissance Energy (ReconAfrica) and its joint venture partner NAMCOR (the state oil company of Namibia) have announced the Ministry of Mines and Energy has granted approval of a one year extension on the First Renewal Period from 29 January 2022 to 29 January 2023, relating to the approximate 6.3 million\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11790,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-seeks-more-control-in-the-kavango-basin-for-27m\/","url_meta":{"origin":14647,"position":2},"title":"NAMIBIA: ReconAfrica Seeks More Control in the Kavango Basin for $27M","author":"","date":"February 8, 2022","format":false,"excerpt":"Reconnaissance Energy Africa has announced it has entered into a Letter of Intent with its partner, the National Petroleum Company of Namibia (NAMCOR) to acquire half of NAMCOR\u2019s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence (PEL 73) in the Kavango basin, NE Namibia. Consideration\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12213,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-extends-loi-national-petroleum-corporation\/","url_meta":{"origin":14647,"position":3},"title":"NAMIBIA: ReconAfrica Extends LOI National Petroleum Corporation","author":"","date":"May 5, 2022","format":false,"excerpt":"Reconnaissance Energy Africa (ReconAfrica) reports that further to its announcement on February 6, 2022, it has entered into an extension to the Letter of Intent with its partner, the National Petroleum Corporation of Namibia NAMCOR, to acquire half of NAMCOR\u2019s 10% carried participating interest in the approximate 6.3 million acres\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Namibia-East-West-Seismic.jpg?fit=750%2C443&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14388,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-reconafrica-spuds-the-naingopo-exploration-well-on-pel-73\/","url_meta":{"origin":14647,"position":4},"title":"NAMIBIA: ReconAfrica Spuds the Naingopo exploration well on PEL 73","author":"","date":"July 8, 2024","format":false,"excerpt":"Reconnaissance Energy Africa and its joint venture partner NAMCOR have announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (PEL 73), onshore northeast\u00a0Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update. Naingopo Exploration Well Schematic (CNW Group\/Reconnaissance Energy Africa\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-Naingopo-1.png?fit=633%2C375&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-Naingopo-1.png?fit=633%2C375&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Namibia-Naingopo-1.png?fit=633%2C375&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15435,"url":"https:\/\/www.oilnewskenya.com\/index.php\/reconafrica-provides-year-end-operational-update-progressing-projects-in-namibia-angola-gabon\/","url_meta":{"origin":14647,"position":5},"title":"ReconAfrica Provides Year-End Operational Update Progressing Projects in Namibia, Angola &amp; Gabon","author":"","date":"December 16, 2025","format":false,"excerpt":"Brian Reinsborough, President & CEO, commented:\u00a0\u201cWe have had an active and productive 2025 in which we advanced the Company on multiple strategic fronts. We completed drilling our second well in the Damara Fold Belt resulting in encountering of significant hydrocarbons, extended our acreage position into Angola at a low cost\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/ReconAfrica.jpg?fit=1200%2C723&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/ReconAfrica.jpg?fit=1200%2C723&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/ReconAfrica.jpg?fit=1200%2C723&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/ReconAfrica.jpg?fit=1200%2C723&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/ReconAfrica.jpg?fit=1200%2C723&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14647"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14647\/revisions"}],"predecessor-version":[{"id":14648,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14647\/revisions\/14648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10596"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}