Reconnaissance Energy Africa Ltd.（以下简称“该公司”或“ReconAfrica”）及其合资伙伴 NAMCOR（纳米比亚国家石油公司）宣布，位于纳米比亚东北部陆上的石油勘探许可证 73（“PEL 73”）上的 Naingopo 勘探井已开钻。此外，该公司还宣布了合资企业更新以及认股权证行使更新。

总裁兼首席执行官 Brian Reinsborough 评论道：“我们的运营团队将于 2​​024 年 7 月 7 日开钻该井。自从我加入 ReconAfrica 以来，我们的技术和运营团队在过去 11 个月中一直在规划这口影响深远的 Damara Fold Belt 井，对此我们感到非常兴奋。Naingopo 井是 PEL 73 多井勘探钻探活动中的第一口井。该井预计总深度为 3,800 米（12,500 英尺），钻探需要 90 天。根据 Netherland, Sewell & Associates Inc. (NSAI) 于 2024 年 3 月 12 日发布的最新预期资源报告 (1)，这是一个重要的开钻井，可能释放出超过 31 亿桶石油或 18 万亿立方英尺天然气的潜在资源。”

勘探高级副总裁 Chris Sembritzky 评论道：“Naingopo 勘探井是第一口测试达玛拉褶皱带的井。如果成功，该井将从我们另外三个勘探区和 20 个已绘制和定义的线索中释放出巨大的石油和天然气潜力。Naingopo 井预计将测试多个储层间隔，其中四个包含在我们来自 NSAI 的第三方资源报告中。”

第一口达玛拉褶皱带井 - Naingopo 勘探井
2024 年 7 月 7 日，公司在纳米比亚东北部达玛拉褶皱带 PEL 73 陆上钻探了 Naingopo 勘探井。该井的计划总深度约为 3,800 米（12,500 英尺），预计将遇到多个储层层段，既有石油也有天然气。根据 Netherland, Sewell & Associates, Inc. (“NSAI”) 于 2024 年 3 月 12 日编制的最新预期资源报告，Naingopo 井的目标是 1.63 亿桶无风险预期石油资源或 8430 亿立方英尺无风险预期天然气资源（ReconAfrica 净值），该报告可在公司网站上查阅（以下简称“NSAI 报告”）(1)。

合资企业更新
公司继续推进合资企业外包流程，我们预计该流程将很快完成。

认股权证行使更新
在过去的一个月里，公司从认股权证行使中获得了约 190 万美元的收益。按照最近 1.75 美元的股价计算，该公司可能从价内认股权证中获得约 3500 万美元的收益。

Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") and its joint venture partner NAMCOR (the state oil company of Namibia), announce the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 ("PEL 73"), onshore northeast Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update.

Brian Reinsborough, President and CEO commented: "Our operations teams spud the well on July 7, 2024. We are extremely excited to be drilling this high impact Damara Fold Belt well that our technical and operations teams have been planning over the past 11 months, since I joined ReconAfrica. The Naingopo well represents the first well in a multi-well exploration drilling campaign on PEL 73. The well is anticipated to reach total depth of 3,800 metres (12,500 feet), and take 90 days to drill. This is a significant play opening well which may unlock a total potential resource of over 3.1 billion barrels of oil or 18 trillion cubic feet of natural gas based on the most recent prospective resource report prepared by Netherland, Sewell & Associates Inc. ("NSAI"), dated March 12, 2024(1)."

Chris Sembritzky, Senior VP of Exploration commented: "The Naingopo exploration well is the first well to test the Damara Fold Belt play. In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined. The Naingopo well is expected to test multiple reservoir intervals of which four are included in our third party resource report from NSAI."

First Damara Fold Belt Well - Naingopo Exploration Well
The Company spud the Naingopo exploration well in the Damara Fold Belt onshore PEL 73 in northeast Namibia on July 7, 2024. The well will be drilled to a planned total depth of approximately 3,800 metres (12,500 feet), and is expected to encounter multiple reservoir intervals targeting both oil and natural gas. The Naingopo well is targeting 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources, net to ReconAfrica, based on the most recent prospective resources report prepared by Netherland, Sewell & Associates, Inc. ("NSAI") dated March 12, 2024, and available on the Company's website (the "NSAI Report")(1).

Joint Venture Update
The Company continues to progress the farm out joint venture process which we expect to conclude soon.

Warrant Exercise Update
In the past month, the Company has received proceeds of approximately $1.9 million from the exercise of warrants. With a recent share price of $1.75, the Company has potential proceeds of approximately $35 million from in the money share purchase warrants.