Reconnaissance Energy Africa has successfully drilled the Naingopo exploration well on Petroleum Exploration Licence 073 (PEL 73) in onshore Namibia, reaching a total depth of 4,184 meters (13,727 feet).
Brian Reinsborough, the company’s president and CEO, expressed enthusiasm about completing the drilling process, noting that they exceeded the original target depth of 3,800 meters.
He highlighted that the Naingopo well is the first in a series aimed at exploring the potential resources within the Damara Fold Belt.
The team is now preparing for a comprehensive evaluation program that includes wireline logging, coring, Modular Formation Dynamics Tester (MDT) sampling, and testing for any hydrocarbons detected.
The Naingopo exploration well was drilled to a total depth of 4,184 meters (13,727 feet). The company will now undertake a comprehensive logging and coring program and perform a VSP, followed by casing and cementing the well. Results of the well will be provided following a thorough analysis of the subsurface data acquired and any obtained oil or natural gas samples. We expect to have the preliminary results of the Naingopo well in the next several weeks.
During December 2024, the company will undertake repair and maintenance activities on the Jarvie-1 drilling rig. We expect to move to the Kumbundu (Prospect P) well location after completing the review of the results from current operations.
The Naingopo well aims to uncover 181 million barrels of unrisked and 15 million barrels of risked prospective light/medium oil resources, or 937 billion cubic feet of unrisked and 65 billion cubic feet of risked prospective natural gas resources.
These estimates, calculated on a 100% working interest basis, are outlined in the latest prospective resources report by Netherland, Sewell & Associates, Inc. (NSAI).
Meanwhile, the Kambundu well is targeting 309 million barrels of unrisked and 15 million barrels of risked prospective light/medium oil resources, or 1.6 trillion cubic feet of unrisked and 64 billion cubic feet of risked prospective natural gas resources.
These figures also reflect NSAI’s most recent report, based on a 100% working interest evaluation.
