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Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO,OTC:RECAF) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to announce the results of the Kavango West 1X well located on Petroleum Exploration Licence ("PEL") 73, onshore Namibia.
Highlights of Kavango West 1X well:
- The well encountered ~400 metres (~1,300 feet) of gross hydrocarbon section identified on wireline logs in the Otavi carbonate section.
- The well encountered 64 net metres (210 feet) of hydrocarbon pay, verified by wireline logs and supported by mud log anomalies.
- An additional 61 metres (200 feet) of hydrocarbon shows identified in the deeper sections, where interpreted natural fractures in the limestone reservoir occur.
- The Company plans to production test Kavango West 1X in the first quarter of 2026.
Brian Reinsborough, President & CEO, commented: "ReconAfrica is excited to announce that the Kavango West 1X well has encountered hydrocarbon pay in the Otavi reservoir section. The results from this well have allowed the Company to proceed to a success case evaluation, which includes conducting a production test of prospective intervals to determine deliverability characteristics from the well. We are excited about what the results mean for the future of the Damara Fold Belt play on ReconAfrica's lease position onshore Namibia which covers over six million prospective acres. I am also very proud of the ReconAfrica team who drilled this well safely, on schedule and on budget with strong local stakeholder engagement."
Kavango West 1X Well
ReconAfrica completed drilling operations at Kavango West 1X ("KW1X") on November 29, after reaching total depth ("TD") of 4,200 metres (13,800 feet) and conducting an extensive wireline logging program. The well has been temporally abandoned and will be re-entered once testing equipment arrives in the first quarter of 2026.
Extensive wireline logging indicates ~85 metres (~280 feet) of net reservoir with 64 metres (210 feet) of net hydrocarbon pay across a gross interval of ~400 metres (~1,300 feet) containing multiple limestone reservoir units. Mud and gas samples have been collected throughout the well and will be sent to the Unites States for analysis.  No core samples were taken in this well.
The Company's forward program will focus on testing the well to establish flow rates from intervals of interest. Testing will be conducted because of the positive indications of hydrocarbon saturated reservoirs based on wireline logs and oil and gas shows in addition to interpreted natural fractures in the limestone reservoir units, which should enhance deliverability of hydrocarbons.
Production Test (Tubing-Conveyed Perforating, TCP)
A production test will be conducted to determine the deliverability characteristics of the intervals of interest within the Otavi carbonate section. The production test will be run in 5-inch production casing with Tubing-Conveyed Perforations (TCP) to selectively perforate intervals based on where hydrocarbon pay has been identified on wireline logs and where significant oil and gas shows were encountered. Intervals of interest will be the 64 metres of hydrocarbon pay identified on wireline logs and an additional 61 metres of oil and gas shows identified in the deeper sections where interpreted natural fractures in the limestone reservoir units should enhance deliverability of hydrocarbons. Planning and logistics have begun for this test, which is anticipated to occur in the first quarter of 2026 and should run for approximately one month in duration.
ReconAfrica is the operator of PEL 73 with a 70% working interest. Its partners are BW Energy (20% WI) and the National Petroleum Corporation of Namibia ("NAMCOR", 10% carried WI).
The Company has filed its fiscal third quarter disclosure documents for the three- and nine-month periods ended September 30, 2025, including the financial statements and Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at www.sedarplus.ca .
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences and access to ~13 million contiguous acres. The Company also operates the Ngulu block in the shallow waters offshore 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.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Brian Reinsborough, President and Chief Executive Officer
Mark Friesen, Vice President, Investor Relations & Capital Markets
IR Inquiries Email: investors@reconafrica.com
Media Inquiries Email: media@reconafrica.com
Tel: +1-877-631-1160
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to progress of the KW1X well, total depth reached, well results including any shows and/or indications of hydrocarbons, timing of well results, the overall success of the well, results from production testing, net pay and net reservoir calculations, production testing timing, the results from production and rate testing, extent of natural fractures, success case scenarios, timing and certainty of 3D seismic activity, flow rates, deliverability, whether any additional testing is required, the timing and extent of such testing, timing to procure testing materials, and the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form ("AIF") dated April 29, 2025, for the financial period ended December 31, 2024, available under the Company's profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
