Namibia’s Ministry of Mines and Energy (‘MME’) and Reconnaissance Energy Africa (‘ReconAfrica’) have announced a preliminary analysis of the data from the 6-2 well, the first of a three well drilling program, which provides clear evidence of a working conventional petroleum system in the Kavango Basin.

FIRST DRILL SITE (6-2 well)

The well sample log of the 6-2 provides over 200 meters (over 660 feet) of oil and natural gas indicators/shows over three discrete intervals in a stacked sequence of reservoir and source rock. Extraction of oil from these samples and subsequent fingerprinting for key characteristics of the liquids supports an active petroleum system with multiple source intervals.

Working with the relevant authorities to provide detailed analysis of all data are:

• Core Laboratories of Houston, Texas in the analysis of potential reservoir rocks
• GeoMark Research, Houston, Texas on geochemical analysis of source rocks and extracted liquids, including “fingerprinting” for key characteristics
• Netherland Sewell & Associates Inc, Dallas, Texas for petrophysical analysis (rock properties and associated liquids) and additional geologic analysis.

Petroleum systems chemist and member of ReconAfrica’s Advisory Board, Dan Jarvie, said: “These shows are indicative of migrated, thermogenic petroleum and occur over three different intervals in the 6-2 test well. The intervals penetrated include highly porous, permeable sediments and marine source rocks as predicted, and an extensive marine carbonate lithofacies. Mud gas results indicate a high BTU gas with the presence of light oil in numerous cutting samples. Based on these initial results, the components and processes for a working petroleum system are all present.”

SECOND DRILL SITE (6-1 WELL)

With drilling, coring and logging operations now complete on the 6-2 location, the Company owned rig is being mobilized to the 6-1 location, 16-kilometre (10 miles) north of the 6-2 drill site. The second well is to evaluate the petroleum systems discovered in the first well (6-2) in an area of maximum thickness.

The Namibian Minister of Mines and Energy, Hon. Thomas Alweendo, said: “This is a great period for the people of Namibia, with the results of the well confirming a big potential for a very valuable energy resource for our country and therefore a significant development for Namibia onshore exploration efforts. The positive results of this well have provided us with the critical information required to unlock the country’s petroleum prospectivity and is the first step in the process of locating significant accumulations, we can now confidently confirm Namibia is endowed with an active onshore petroleum basin.”

ABOUT ReconAfrica

ReconAfrica is a junior, Canadian oil and gas company engaged in the opening of the newly discovered deep Kavango Sedimentary Basin, in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum licenses comprising approximately 8.5 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbances in line with international best standards and will implement environmental and social best practices in all of its project areas.