Reconnaissance Energy Africa Ltd. (ReconAfrica) has announced progress in its drilling operations at Prospect I, the largest target in its Namibian exploration campaign.
Located within Petroleum Exploration Licence 073 (PEL 73) in the Kavango Basin, Prospect I marks a significant milestone in the company’s efforts to unlock new oil and gas resources.
An updated independent resource assessment by Netherland, Sewell & Associates Inc. (NSAI) estimates that Prospect I holds approximately 365 million barrels of unrisked and 32 million barrels of risked light to medium oil resources.
Additionally, the site could contain up to 1.9 trillion cubic feet (Tcf) of unrisked natural gas and 140 billion cubic feet (Bcf) of risked gas resources, with ReconAfrica holding a 100% working interest.
Pre-construction work is progressing on schedule, and pre-drill evaluations have been completed. The company plans to drill the well to a target depth of 3,800 meters, with the option to go deeper depending on geological findings—similar to the approach taken during the Naingopo exploration well.
Key geological targets include the Otavi formation, estimated to be 1,500 to 1,800 meters thick. Previous drilling at Naingopo revealed more than 50 meters of reservoir-quality carbonates and signs of hydrocarbons in this section.
Data from Naingopo has also helped refine ReconAfrica’s understanding of the Damara Fold Belt, improving time and depth migration models for both the Mulden and Otavi formations—critical to the company’s broader exploration strategy.
“Our confidence in Prospect I has grown significantly following the Naingopo results,” said Brian Reinsborough, President and CEO of ReconAfrica. “We remain on track to spud the well this quarter.”
