The company had made a commitment to spend $31mn on the Chiapas blocks by February 2024.
"Ms. Hill’s experience in the African energy sector will be invaluable to the Board as we build out our business and grow the Company.”
ReconAfrica said the ECC would allow it to drill exploration and appraisal wells in the Kavango Basin, from this month until July 2026.
“From a market perspective, there’s a lot more interest in buying barrels at the right price, but there’s still appetite for exploration, particularly in sub-Saharan Africa.”
“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
ReconAfrica said that it would wait for results from the geophysical data before drilling the well. It will now begin drilling in late February next year.
Reconnaissance Energy Africa has rethought its drill plans as it attempts to recapture some of the momentum it has lost.
Reconnaissance Energy Africa (TSXV:RECO)has reported its 8-2 well, in northeast Namibia, to be a non-commercial gas discovery.
Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
Reconnaissance Energy Africa has reached total depth at the 8-2 well, in northeast Namibia’s Kavango Basin.
Namibia has approved an extension to Reconnaissance Energy Africa’s environmental clearance certificate (ECC), covering the PEL 73 area.
Reconnaissance Energy Africa (TSX-V: RECO) has won a court ruling over environmental permitting for exploration in the Namibian portion of the Kavango basin.
Reconnaissance Energy Africa has launched its second phase of drilling, with the highly anticipated 8-2 well begun on the weekend targeting a potential 799 million barrels.
The war of words between Reconnaissance Energy Africa (TSX-V: RECO) and various environmental critics shows no signs of abating as the company nears a return to drilling.
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Reconnaissance Energy Africa has posted documents shedding light on some of its challenges – but also some of the major prospectivity in Namibia’s Kavango Basin.
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
The Africa Energies Summit will be held in London from May 17 to 19, with the show expanding beyond oil and gas and into power.
ReconAfrica has confirmed plans for at least three test wells this year, plus a sidetrack of the 6-2 well, beginning in the second quarter.
Africa Oil Week (AOW) and African Energy Week (AEW) have gone head to head, competing for interest and delegates to come to Dubai and Cape Town respectively.
Reconnaissance Energy Africa has completed its 2D seismic shoot in northeast Namibia and pushed back drill plans slightly.
Prince Harry has taken up the cause of protecting the Okavango Delta, calling for Reconnaissance Energy Africa to halt its work.
Namibian Petroleum Commissioner Maggy Shino has defended Reconnaissance Energy Africa’s conduct in the Kavango region.
Reconnaissance Energy Africa has come under fire for alleged damage during its 2D seismic campaign, with calls for the Namibian government to withdraw approval.