Reconnaissance Energy (Africa) Ltd (OTCMKTS: RECAF) is working with the state oil company of Namibia, intending to deliver the preliminary analysis of the Kavango basin first well. NAMCOR happens to be the company’s joint venture, and those involved in drilling the 6-2 well happen to be Netherland Sewell & Associates Inc. (“NSAI”) and Core Laboratories (“Core Lab”).
The NSAI petrophysical study is an eye-opener following its discovery of about five potential conventional reservoir zones. Three of the new wells happen to be the sandstone ones, also called the clastic zones. The other two happen to be the carbonate zones which include dolomite and limestone. Core Lab is the one that provided the above mineralogical data and analysis.
ReconAfrica CEO Scot Evans happens to be one of the officials that have commented on the latest developments. He is quite happy about the discovery of the active petroleum system. The leader applauds the NSAI reservoir study for the great role it has played in the identification of promising reservoir targets. He is confident that the seismic data will help them make more informed decisions about the subsequent exploration drilling. The discovery of the potential commercial fields forms a crucial part of their drilling plans.
The Company’s Senior Vice President Drilling & Completions, Nick Steinberger, applauds the NSAI study, outlining that it serves as a great complement to the geochemical data and the sample logs. The official says so based on how the study succeeds at providing a clear demonstration of the presence of reservoir quality rocks. The rocks in question are the ones found in the first stratigraphic test well in the country.
Steinberger opines, “The goals of ReconAfrica’s stratigraphic tests have been achieved with remarkable success in an unexplored basin and enable the initiation of the next phase of petroleum exploration efforts in the Kavango basin.”