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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 384,938,975
Close 2026-06-08 C$ 1.15
Market Cap C$ 442,679,821
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ReconAfrica begins Kavango West 1X production test ops

2026-06-08 18:38 ET - News Release

Mr. Brian Reinsborough reports

RECONAFRICA HAS COMMENCED PRODUCTION TESTING AT THE KAVANGO WEST 1X DISCOVERY

Reconnaissance Energy Africa Ltd., along with partners Namcor and BW Energy, has commenced production testing operations at Kavango West 1X.

Highlights of the production test on Kavango discovery:

  • Total of six optimized intervals, encompassing 420 metres (1,378 feet) of hydrocarbon-bearing section to be isolated and tested across the Huttenburg and Elandshoek formations;
  • Huttenburg formation:
    • 75 metres (246 feet) of net hydrocarbon pay to be tested;
    • 400 metres (1,312 feet) gross interval of high fractured carbonate reservoir;
  • Elandshoek formation:
    • 560 metres (1,837 feet) of hydrocarbon saturated section in highly fractured carbonate reservoirs;
    • 81 metres (265 feet) of hydrocarbon fluorescence and oil shows;
    • Oil sheen and oil bubbles at surface in the mud pits.

Brian Reinsborough, president and chief executive officer of the company, commented: "We are very excited to be conducting the first cased production test in Namibia. This test is a pivotal point in unlocking the commerciality of the Damara fold belt and has been designed to test for hydrocarbon phase and deliverability. Our team has done a fantastic job getting operations to this stage, and, now that testing has commenced, we look forward to evaluating and sharing results with everyone very soon. I want to personally thank the government of Namibia, our partners, members of the community where we operate, our investors and our dedicated team of professionals for helping ReconAfrica get to this exciting milestone."

Kavango West 1X -- production testing under way

Downhole production testing operations at KW1X have commenced. The cement bond log was conducted prior to the end of May, confirming that production testing could proceed with no additional cement work. Downhole perforation work is currently under way, managed by SLB and Halliburton services, following the delivery of perforation equipment to site. While permitting requirements for the transportation of the downhole testing equipment from North America to the Kavango West 1X drill site experienced minor delays, ReconAfrica continues to target disclosure of production test results to all stakeholders by late July.

As previously stated, plans are to test six optimized zones of interest (three in the lower Elandshoek formation and three in the shallower Huttenburg formation) with each zone test lasting up to 10 days. Any flow of natural gas or liquids to surface will be flared at this testing stage. Following a successful production test, the KW1X well would be temporarily abandoned and available as a future producing well.

ReconAfrica continues to take the steps required to advance appraisal drilling locations on the Kavango discovery following the completion of the production test at KW1X. Preparations for the appraisal well are proceeding with specific permitting applications and site preparations under way for the Kavango West 2A appraisal well. The company plans to spud this well before the end of the third quarter of this year pending final permitting and regulatory approvals.

About Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian oil and gas company engaged in exploration and appraisal onshore Namibia, Angola and Botswana, where the company holds petroleum licences and access to approximately 13 million contiguous acres and 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.

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