OPINION: Oil Discovery Will Lead to Huge Benefits for Namibia if Exploited Sustainably

By NJ Ayuk Six months ago, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (ReconAfrica) began exploratory drilling in the deep Kavango Basin of northeast Namibia and into northwest … Read More

NAMIBIA: ReconAfrica, NAMCOR Provide Additional Drilling Results and Plans for Next Exploration Phase in the Kavango Basin

Reconnaissance Energy Africa and its joint venture partner NAMCOR have provided n the mud logging report and geochemical analysis, more comprehensive data confirming a working conventional petroleum system. The Company … Read More

NAMIBIA: ReconAfrica & NAMCOR Granted 2D Seismic Permit for the Kavango Basin

Reconnaissance Energy Africa has announced that the Republic of Namibia’s Ministry of Environment, Forestry and Tourism has issued on Friday July 2, 2021 the Environmental Clearance Certificate (“ECC”) for the … Read More

NAMIBIA: NAMCOR, ReconAfrica Sign JOA that Seeks to Unlock Oil & Gas Potential

The National Petroleum Corporation of Namibia (NAMCOR) and Reconnaissance Energy Africa Ltd. have announce the execution of a Joint Operating Agreement (JOA) to develop the resource potential of the Kavango … Read More

Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More

Namibia: Eco (Atlantic) Oil & Gas Provides Operationsl Update

Outlook ·    Eco says it continues to benefit from a strategically significant acreage position in-country and is progressing its various work programmes offshore Namibia. The company is witnessing an increased interest … Read More

Global Petroleum Announces New Prospective Resources Estimate for Block 2011A

Global Petroleum Limited announced its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, after interpretation of the 3D seismic data survey recently licensed from the Namibian State … Read More