Mr Brian Reinsborough reports

RECONAFRICA COMMENCES PRODUCTION TESTING OPERATIONS AT KAVANGO WEST DISCOVERY AND PROVIDES AN OPERATIONAL UPDATE

Reconnaissance Energy Africa Ltd. (ReconAfrica) has provided an update of its operations in Namibia and Gabon.

Operational highlights:

• Production testing operations commenced at the Kavango West 1X discovery well;
• Increased hydrocarbon pay in the Huttenberg formation to 75 metres (259 feet);
• Isolated a total of 345 metres (1,132 feet) of prospective interval for testing;
• Reprocessing 3-D seismic on the Ngulu block offshore Gabon;
• Catalyst rich 2026.

Namibia: commencement of production testing operations at Kavango West

The company commenced testing operations on schedule at the Kavango West 1X discovery well. Regulatory permits required to proceed with production testing have been received and work crews are on site preparing the well for testing. The production liner, which was procured in North America, has arrived on site. The company has signed contracts with Halliburton and Schlumberger Oilfield Services for equipment and services. Local suppliers have been engaged in multiple support capacities.

By incorporating additional rock data, log analysis has continued to be updated, which has resulted in refinements to previously disclosed results of the well log analysis. The current petrophysical analysis indicates 75 metres (246 feet) of net hydrocarbon pay in the Huttenberg formation, an increase over the previously disclosed 64 metres (210 feet). ReconAfrica, as operator, will be conducting production testing across six optimized zones, three of which are in the Huttenberg formation and three in the deeper Elandshoek formation. A total of 345 metres (1,132 feet) of prospective interval will be isolated and perforated for testing.

Gabon: Ngulu block resource report and appraisal well

The company is currently reprocessing 3-D seismic data over the key areas of the Ngulu block, including the Loba discovery. Upon completion, the company will select an appraisal location on the Loba oil discovery and commission a third party resource report, which is expected by the end of 2026.

The Ngulu block, which covers 1,214 square kilometres and is equivalent to 54 Gulf of Mexico blocks, is in shallow water offshore central Gabon. This strategic block is located on trend to several sizable producing oil fields. The key aspects of the Ngulu block include the Loba oil discovery and over 28 seismically identified prospects in the presalt and postsalt plays.

About Reconnaissance Energy Africa Ltd. (ReconAfrica)

ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold belt and Kavango Rift basin of northeastern Namibia, southeastern Angola and northwestern Botswana, where the company holds petroleum licences and access to approximately 13 million contiguous acres. The company also operates the Ngulu block in the shallow waters offshore central Gabon. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat, in line with international standards, and implementing environmental and social best practices in its project areas.

We seek Safe Harbor.