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ReconAfrica spuds Kavango West 1X well, targeting key Damara Fold Belt prospect in Namibia

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Manage episode 498486652 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Reconnaissance Energy Africa or ReconAfrica CEO Brian Reinsborough joined Steve Darling from Proactive to announce that the Kavango West 1X exploration well was officially spud on July 31st. The well is expected to reach a total depth of approximately 3,800 metres by the end of November 2025, targeting over 1,500 metres of Otavi carbonate reservoir, which is the primary objective of the Damara Fold Belt play. Reinsborough explained that Kavango West 1X is a large structural fold identified on modern 2D seismic data, measuring approximately 22 kilometers long by 3 kilometers wide. The well was reprioritized over other planned locations following the results of the company’s previous well, Naingopo. This strategic shift, although extending the timeline slightly, reflects ReconAfrica’s emphasis on rigorous technical analysis to maximize the potential for commercial success. The company says this location represents its best opportunity in the Damara Fold Belt to unlock the full potential of this play. The company is looking to share results before the end of 2025. ReconAfrica has identified over 19 prospects and four leads in the Damara Fold Belt trend and recently secured an additional 5 million acres via a Memorandum of Understanding in neighboring Angola. Due to current drilling priorities, the previously announced 3D seismic program has been rescheduled for 2026. Meanwhile, the company continues to evaluate strategic investment opportunities, including additional acreage, joint ventures, and production asset acquisitions, in line with its goal to accelerate production and cash flow generation. #proactiveinvestors #reconnaissanceenergyafricaltd #tsxv #reco #otcqx #recaf #NamibiaOil #ProspectI #OilExploration #EnergyUpdate #OnshoreDrilling #OilAndGasNews #AfricanEnergy #OilDiscovery #EnergyInvesting #OilExploration #NamibiaOil #KavangoWell #OilExploration #EnergyNews #OnshoreDrilling #OilAndGas #BrianReinsborough #ProactiveInvestors #EnergyAfrica
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607 episodes

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Manage episode 498486652 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Reconnaissance Energy Africa or ReconAfrica CEO Brian Reinsborough joined Steve Darling from Proactive to announce that the Kavango West 1X exploration well was officially spud on July 31st. The well is expected to reach a total depth of approximately 3,800 metres by the end of November 2025, targeting over 1,500 metres of Otavi carbonate reservoir, which is the primary objective of the Damara Fold Belt play. Reinsborough explained that Kavango West 1X is a large structural fold identified on modern 2D seismic data, measuring approximately 22 kilometers long by 3 kilometers wide. The well was reprioritized over other planned locations following the results of the company’s previous well, Naingopo. This strategic shift, although extending the timeline slightly, reflects ReconAfrica’s emphasis on rigorous technical analysis to maximize the potential for commercial success. The company says this location represents its best opportunity in the Damara Fold Belt to unlock the full potential of this play. The company is looking to share results before the end of 2025. ReconAfrica has identified over 19 prospects and four leads in the Damara Fold Belt trend and recently secured an additional 5 million acres via a Memorandum of Understanding in neighboring Angola. Due to current drilling priorities, the previously announced 3D seismic program has been rescheduled for 2026. Meanwhile, the company continues to evaluate strategic investment opportunities, including additional acreage, joint ventures, and production asset acquisitions, in line with its goal to accelerate production and cash flow generation. #proactiveinvestors #reconnaissanceenergyafricaltd #tsxv #reco #otcqx #recaf #NamibiaOil #ProspectI #OilExploration #EnergyUpdate #OnshoreDrilling #OilAndGasNews #AfricanEnergy #OilDiscovery #EnergyInvesting #OilExploration #NamibiaOil #KavangoWell #OilExploration #EnergyNews #OnshoreDrilling #OilAndGas #BrianReinsborough #ProactiveInvestors #EnergyAfrica
  continue reading

607 episodes

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