ReconAfrica Expands Into Angola Through Strategic Oil Exploration Deal
ReconAfrica has signed a Memorandum of Understanding (MOU) with Angola’s National Oil, Gas and Biofuels Agency (ANPG) to jointly explore the Etosha-Okavango Basin in southeastern Angola. The agreement marks a significant expansion of ReconAfrica’s exploration footprint in the Damara Fold Belt and Rift Basin, adding 5.2 million acres in Angola to its existing 6.3 million acres in Namibia. This low-cost entry into Angola’s onshore sector comes with minimal work obligations and aligns with the company’s
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