Reconnaissance Energy Africa (ReconAfrica) is executing a bold continental expansion strategy, entering Angola through a new partnership, advancing production testing in Namibia, and renewing seismic analysis in Gabon — all simultaneously.
In Angola, the company has signed a Memorandum of Understanding for joint exploration activities in the Etosha-Okavango basin, positioning itself in one of Southern Africa’s emerging frontier exploration regions. In Namibia, ReconAfrica is conducting production testing at the Kavango West 1X discovery well across six hydrocarbon-bearing zones, with testing scheduled to continue through June. A follow-up appraisal well is in preparation and is expected to play a key role in determining potential reserve estimates.
The company has also secured an extension of its Namibian exploration licence and completed a farm-in agreement with BW Energy on PEL 073, retaining a 70% operating interest alongside BW Energy and NAMCOR. In Gabon, ReconAfrica has expanded its offshore portfolio with a 55% operated interest in the Ngulu Block and has begun reprocessing 3D seismic data across both the Ngulu Block and the Loba oil discovery, aiming to identify appraisal drilling targets by late 2026.
On the corporate front, the company has reinforced its structure with new hires in investor relations and exploration leadership, renewed its Canadian base shelf prospectus, introduced a shareholder rights plan, and raised approximately $3 million through warrant exercises to improve liquidity for ongoing exploration activities.
Source: angolanminingoilandgas.com