Announcement • Aug 18
Reconnaissance Energy Africa Ltd. Announces Hydrocarbon Flow To Surface From Huttenberg Formation At Kavango West 1X And Plans Open Hole Horizontal Testing Reconnaissance Energy Africa Ltd. along with its partners BW Energy (20% WI) and the National Petroleum Corporation of Namibia (NAMCOR, 10% carried WI), announced preliminary production testing results from the three zones in the Huttenberg formation on the Kavango West 1X (KW1X) discovery well, along with plans to advance to open-hole horizontal production testing. The uppermost zone of the Huttenberg formation flowed natural gas and potential liquid content to surface immediately upon perforation, ahead of any acid stimulation, and was flared through the relief flare stack. Flow rates were not measured from the Huttenberg due to previously disclosed equipment limitations, which has been rectified for the upcoming open hole horizontal production test by way of procuring the necessary equipment, which is currently being shipped to site, and by changing the surface operations service provider at site. Production samples, including both natural gas and potential liquid content have been collected in several IsoTubes with results of the compositional analysis expected in the coming weeks from samples sent to laboratories in the United States. This test result completes vertical production testing operations at KW1X. Surface testing equipment associated with the vertical program has been stood down and demobilized as the Company prepares for the next phase of operations. Having flowed natural gas and potentially liquids to surface from two separate zones at KW1X, the next stage of success-based testing is to proceed with an open-hole horizontal production test in the uppermost zone of the Huttenberg formation, with an option for an additional horizontal test in the uppermost zone of the Elandshoek formation. The Huttenberg formation was selected for the initial horizontal test based on flow of natural gas and potential liquids to surface, 75 metres of pay identified from original well log analysis, presence of matrix porosity between large natural fractures, longer horizontal lateral section due to being approximately 600 metres shallower than the Elandshoek, and the Jarvie-1 rig is expected to drill up to 1,000 metres of horizontal section through the Huttenberg formation. The purpose of the vertical production testing program was to determine which parts of the reservoir, if any, could flow hydrocarbons to surface. It was not to determine flow rate as cased vertical wells are not the optimized development design for this fractured reservoir. Phase one production testing achieved a critical milestone; the program established two of the six zones of interest identified in the well contain hydrocarbons capable of flowing to surface. This does not preclude the other sections from flowing hydrocarbons via a more optimized horizontal open hole completion. The next step, an open-hole horizontal production test in the upper Huttenberg zone, is designed to establish a representative flow rate over a large, exposed reservoir section uninhibited by production casing, cement and perforations. An open-hole horizontal well is required to achieve maximum reservoir penetration and optimal fracture intersection, consistent with the natural fracture orientation observed in the reservoir. Formation imaging log (FMI) analysis from wells drilled through the Otavi reservoir indicates fracture density ranging from 1.0 to 12.7 fractures per metre (P90–P10), with fracture orientation running parallel to the fold structure. The current well design contemplates a horizontal lateral of up to 1,000 metres to optimally intersect these natural fracture swarms. Completing the well open hole, without casing or cement, is intended to maximize flow from fractures. These fractures have inclinations of 50-90 degrees, with most fractures being vertical, to near vertical. The horizontal well will be drilled perpendicular to the fracture orientation. Open fractures in analogue carbonate fields enhance permeability and often link matrix porosity with the reservoirs. The Jarvie-1 rig remains on location to drill the horizontal sidetrack laterals. To ensure the best possible outcome from the planned horizontal test, Reconnaissance Energy Africa Ltd. has procured two high pressure pumps, a swabbing unit and additional supporting equipment in the United States which is currently being shipped to site for the continuation of the production testing operation. Routine rig maintenance is currently being conducted as the Company awaits the delivery of equipment and receipt of necessary permit amendments before the resumption of drilling operations. Reconnaissance Energy Africa Ltd. has contracted H2OIL to conduct surface operations and provide additional surface equipment, including an appropriately sized separator unit. Halliburton will continue to provide downhole equipment and services. The Company continues to advance permitting and preparations of the Kavango West 2A (KW2A) appraisal well. Once the horizontal production test at KW1X is complete, the partners plan to move to drill a horizontal well and conduct an open hole horizontal production test at the KW2A appraisal well location to establish reservoir extent and communication. Announcement • Jul 16
Reconnaissance Energy Africa Ltd. Announces Hydrocarbon Flow from the Elandshoek Formation at Kavango West 1X, Proceeding to Test the Huttenberg Formation with Net Pay Identified Reconnaissance Energy Africa Ltd. along with its partners BW Energy (20% WI) and the National Petroleum Corporation of Namibia (NAMCOR, 10% carried WI), announced preliminary production testing results from the three lowest zones in the Elandshoek formation on the Kavango West 1X discovery well, which began testing operations on June 8, 2026. Reconnaissance Energy Africa Ltd. has completed production testing the lowest three zones located in the Elandshoek formation. Testing in the uppermost zone in the Elandshoek successfully produced natural gas to surface on three separate flow tests. Production samples have been collected for lab analysis with the rest of the produced hydrocarbons flared at surface. The results of the compositional analysis are expected in the coming weeks from samples to be sent to laboratories in the United States. Testing equipment is currently being moved up hole to continue production testing the three identified zones in the shallower Huttenberg formation. The three Huttenberg zones will test 182 metres of reservoir section, including 76 net metres of hydrocarbon pay identified on well log tests. It is estimated that testing may take up to approximately 10 days per zone and therefore management estimates providing the next production test update by approximately late August. The entire Otavi section (1,657 metres), inclusive of the Huttenberg and Elandshoek formations, were cased and cemented with production casing. This wellbore configuration allows the Company to individually test the six optimized zones, which were identified by well log analysis. Although the production casing configuration is necessary for this first stage of production testing, production casings can restrict optimal access to natural reservoir factures. After proving the natural flow of hydrocarbons encountered from this zone, the next step following the completion of the remaining perforated zone tests would be to potentially drill a horizontal or deviated (i.e. slanted) sidetrack extension through the upper Elandshoek formation to better encounter the natural fractures across the Kavango structure to obtain higher flow rates. By analogue to similarly naturally fractured carbonate reservoirs globally, data shows significant production rate uplift from horizontal, or deviated, wells compared against vertical wells. Management believes the Huttenberg formation, where pay has been calculated from well log analysis, has substantial matrix porosity which should be able to produce with the current wellbore configuration. Three separate zones across a total of 163 metres of the Elandshoek formation were perforated, acid soaked and production tested. The upper most zone of the Elandshoek formation flowed hydrocarbons to surface for sample collection and flaring. The uppermost zone of the Elandshoek formation (47 metres) was production tested and flared on three separate occasions. The well was open for flow for a total of approximately 24 hours during which natural gas and liquids were produced at intermittent levels. However, due to equipment limitations it was not possible to collect accurate measurements of flow test rates. Tubing pressures increased between each of the production tests, increasing to a measured 2,300 psi through the 5-inch production casing prior to the second flow test, which indicates hydrocarbon deliverability. Reconnaissance Energy Africa Ltd. recovered several IsoTubes from approximately eight litres of hydrocarbon samples collected at surface, which will be sent to the United States for compositional analysis. All other production of hydrocarbons was flared at surface. The laboratory tests of the collected samples will provide a compositional analysis to discern between the presence of natural gas and any associated natural gas liquids from the reservoir from possible load fluid recovery. Announcement • Jun 09
Reconnaissance Energy Africa Ltd. Commences Production Testing At Kavango West 1X Discovery Reconnaissance Energy Africa Ltd., along with partners NAMCOR and BW Energy, had commenced production testing operations at Kavango West 1X. 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 underway, 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 underway for the Kavango West 2A appraisal well. Announcement • Mar 28
Reconnaissance Energy Africa Ltd. Commences Production Testing Operations At Kavango West Discovery and Provides Operational Update Reconnaissance Energy Africa Ltd. 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. The Company is currently reprocessing 3D 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 Km2 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 pre- and post-salt plays. Announcement • Jan 20
Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 32.000085 million. Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 32.000085 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 33,684,300
Price\Range: CAD 0.95
Discount Per Security: CAD 0.057
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: CAD 0.95
Discount Per Security: CAD 0.0285
Security Name: Common Shares
Security Type: Common Stock
Security Name: Warrants
Security Type: Equity Warrant Announcement • Dec 16
Reconnaissance Energy Africa Ltd., Annual General Meeting, Feb 19, 2026 Reconnaissance Energy Africa Ltd., Annual General Meeting, Feb 19, 2026. 
