Reconnaissance Energy Africa Ltd.（简称“公司”或“ReconAfrica”）宣布与安哥拉国家石油公司（ANPG）达成协议，在安哥拉开展联合勘探项目。ReconAfrica

已与ANPG签署谅解备忘录（简称“MOU”），将在位于安哥拉东南部陆上的埃托沙-奥卡万戈盆地开展联合勘探项目。ANPG是安哥拉的国家特许经营商和监管机构。

该协议是对公司资产组合的战略补充，为以低成本和最低工作量尽早进入安哥拉陆上油气领域创造了机会。它补充了ReconAfrica在纳米比亚的业务，并凸显了达玛拉褶皱带和裂谷盆地的潜力，通过在纳米比亚现有的630万英亩土地上，在极具前景的达玛拉褶皱带和裂谷盆地勘探区段中增加520万英亩土地，在安哥拉拥有更多土地。ReconAfrica

总裁兼首席执行官Brian Reinsborough表示：“我们最近在纳米比亚陆上PEL 73的Naingopo勘探井取得了令人鼓舞的技术成果，这增强了我们对达玛拉褶皱带区段巨大油气潜力的信心。我们的区域地质模型表明，这个前景光明的褶皱带区段很可能延伸到安哥拉，该区段以拥有一些世界上最大的油田和覆盖广阔区域而闻名。

” “因此，我们很高兴与ANPG签署战略谅解备忘录。最近的监管改革使安哥拉成为一个有吸引力的新油气勘探管辖区，我们期待与ANPG和Sonangol合作，推进我们的勘探计划。”

这项重大交易彰显了公司的战略重点，并补充了我们在纳米比亚的业务，凸显了达玛拉褶皱带和裂谷盆地油气资源的潜力。这也符合我们作为一家在拥有大量油气田的潜在碳氢化合物盆地中先行者，为股东创造巨大价值的愿景。我们期待实施我们的环境、社会和治理 (ESG) 和社区拓展计划，并为奥卡万戈地区的人民创造就业机会。谅解

备忘录区域的所有权将由 ReconAfrica 和 Sonangol 分别持有 80% 和 20% 的权益。在谅解备忘录有效期内，ReconAfrica 将拥有独家权利。

根据谅解备忘录的条款，ReconAfrica 将在 24 个月内启动和协调地质研究，开展区域油气渗漏研究，规划二维地震项目，并对谅解备忘录区域内发现的任何油气渗漏进行详细的地球化学分析和取样。

ReconAfrica 的其他即将开展的项目
ReconAfrica 正准备在纳米比亚陆上勘探区 I 开始钻探，该勘探区距离安哥拉的谅解备忘录区域 47 公里（29 英里），是该公司迄今为止最大的勘探区。根据独立合格储量评估机构 Netherland, Sewell, & Associates, Inc.（“NSAI”）编制的最新预期资源报告，该勘探区 I 的目标储量为 3.65 亿桶无风险轻质/中质油资源量 (1) 和 3200 万桶有风险轻质/中质油资源量 (1)，或 1.9 万亿立方英尺无风险天然气资源量 (1) 和 1400 亿立方英尺有风险天然气资源量 (1)。该目标储量为 100% 工作权益储量。勘探区 I 在 NSAI 报告中被列为 63 号地点。

Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") announces an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency ("ANPG").

ReconAfrica has entered into a Memorandum of Understanding ("MOU") with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.

The agreement is a strategic addition to the Company's asset portfolio, which creates an opportunity for early entry into onshore Angola at a low cost, with minimal work commitments. It complements ReconAfrica's activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2 million acres in Angola to the existing 6.3 million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays.

Brian Reinsborough, President and CEO of ReconAfrica stated: "The encouraging technical results from our recent Naingopo exploration well on PEL 73 onshore Namibia have strengthened our belief in the significant hydrocarbon potential of the Damara Fold Belt play. Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the world's largest fields and covering extensive areas, likely extends into Angola.

"As a result, we are excited to be entering into a strategic MOU with ANPG. Recent regulatory reforms make Angola an attractive jurisdiction for new oil and gas exploration, and we look forward to working with ANPG and Sonangol as we progress our exploration initiatives.

"This significant transaction underscores the Company's strategic focus and complements our activities in Namibia, highlighting the potential within both the Damara Fold Belt and Rift Basin plays. It also aligns with our focus on creating significant value for our shareholders as an early mover into prospective hydrocarbon basins with significant acreage positions. We look forward to implementing our ESG and community outreach programs and creating employment for the people of the Okavango region."

Ownership interest in the MOU Area will be ReconAfrica with an 80% working interest and Sonangol with a 20% working interest. ReconAfrica will have exclusive rights during the MOU term.

Under the terms of the MOU, ReconAfrica will initiate and coordinate geological studies, conduct a regional oil and gas seep study, and plan for a 2D seismic program, as well as perform detailed geochemical analysis and sampling of any oil and gas seeps identified within the MOU area, over a 24-month period.

Other Upcoming Projects for ReconAfrica
ReconAfrica is preparing to begin drilling on Prospect I onshore Namibia, which is located 47 kilometres (29 miles) from the MOU area in Angola and is the Company's largest prospect to be drilled so far. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources(1), or 1.9 trillion cubic feet of unrisked and 140 billion cubic feet of risked prospective natural gas resources(1), on a 100% working interest basis, based on the most recent prospective resources report prepared by Netherland, Sewell, & Associates, Inc. ("NSAI"), an independent qualified reserves evaluator. Prospect I is noted as location 63 in the NSAI report.