- ReconAfrica (RECO) has received an extension on its Environmental Clearance Certificate
- The three-year extension pertains to the PEL 73 permit covering over 6.3 million acres in northeast Namibia
- The certificate authorizes the company to continue drilling stratigraphic test wells and to complete a sidetrack of its first well, Kawe 6-2, in the Kavango Basin
- Reconnaissance Energy Africa is a Canadian oil and gas company developing the Kavango Sedimentary Basin in Namibia and Botswana
- ReconAfrica (RECO) is up by 1 per cent trading at $4.03 per share
ReconAfrica (RECO) has received an extension on its Environmental Clearance Certificate.
The three-year extension, until August 26, 2025, pertains to the PEL 73 permit covering over 6.3 million acres in northeast Namibia.
The extension was granted by The Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism of the Republic of Namibia.
The certificate authorizes ReconAfrica to continue drilling stratigraphic test wells and to complete a sidetrack of its first well, Kawe 6-2, in the Kavango Basin.
“The extension of the Environmental Clearance Certificate was underpinned by extensive on-the-ground and research-based data gathering by our technical teams working in combination with our third-party technical partners,” stated Scot Evans, ReconAfrica’s CEO.
“The extension further demonstrates how ReconAfrica is working collaboratively with our interested and impacted stakeholders in Namibia, including local and national government entities/representatives, as well as with the traditional authorities,” he added.
Reconnaissance Energy Africa is a Canadian oil and gas company developing the Kavango Sedimentary Basin in Namibia and Botswana.
ReconAfrica (RECO) is up by 1 per cent trading at $4.03 per share as of 2:41 pm EST.