- ReconAfrica targets 365 million barrels of unrisked oil at Prospect I in Namibia’s Kavango Basin. Drilling is set to begin this quarter.
- Pre-construction activities are on schedule, and the company plans to drill to 3,800 metres. Based on geological conditions, there is potential for deeper exploration.
- Successful drilling at Prospect I could unlock significant hydrocarbon resources and attract investment to Namibia’s energy sector.
Reconnaissance Energy Africa Ltd. (ReconAfrica) is advancing with drilling plans at Prospect I in Namibia. The site sits within Petroleum Exploration Licence 073 (PEL73) in the Kavango Basin.
ReconAfrica targets Prospect I as its largest onshore site in Namibia. The company holds a 100% working interest in the licence. It is listed on stock exchanges in Toronto, Frankfurt, Namibia, and the United States.
A new report by Netherland, Sewell & Associates Inc. (NSAI) outlines the site’s potential. Prospect I could contain 365 million barrels of unrisked oil, and the report estimates 32 million barrels of risked oil. The unrisked natural gas may reach 1.9 trillion cubic feet, with risked gas at 140 billion cubic feet.
Pre-construction work at the site remains on track. ReconAfrica has completed pre-drill assessments. The company plans to drill to a target depth of 3,800 metres, with the flexibility to go deeper based on subsurface conditions.
The main geological target is the Otavi Formation, which spans between 1,500 and 1,800 metres in thickness. Previous drilling at the Naingopo well confirmed the presence of this formation—the well uncovered over 50 metres of reservoir-quality carbonates and signs of hydrocarbons.
Data from Naingopo refined ReconAfrica’s geological model for the region. The company now better understands the Damara Fold Belt, which is the target for exploration.
Revised interpretations of the Mulden and Otavi formations have sharpened. ReconAfrica gained a clearer understanding of time and depth migration in these layers. The company applies these insights to Prospect I.
ReconAfrica’s update signals growing confidence in its Namibian assets. Brian Reinsborough, President and CEO, said the Naingopo results boost their confidence in Prospect I. “We remain on track to spud the well this quarter,” he stated.
The drilling programme represents a critical step in ReconAfrica’s exploration efforts in Namibia. The Kavango Basin remains largely unexplored, and ReconAfrica believes it holds substantial untapped hydrocarbon resources.
Prospect I is part of Reconafrica’s broader strategy to develop onshore oil and gas resources in southern Africa. The company views this as a key frontier opportunity and focuses on confirming the resource’s scale and commercial viability.
Industry stakeholders closely watch ReconAfrica’s progress at Prospect I. Successful drilling could reshape Namibia’s energy landscape and attract new investment into the region.
ReconAfrica has committed to meeting all regulatory standards. The company promises to operate with environmental responsibility and maintain strong relations with local communities throughout the project.
As drilling preparations continue, Prospect I’s results could define the future of oil and gas development in the Kavango Basin.