ReconAfrica has completed all surveying and demining activities on the Damara Fold Belt Prospect L on its PEL 73 in the Kavango region of Namibia.
In an operation update Friday, the Canadian oil and gas company said it expects the Damara Fold Belt Prospect L to be the first drilling location with a scheduled spud date in June 2024.
The company, engaged in opening the newly discovered deep Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, holds petroleum licenses comprising ~8 million contiguous acres.
ReconAfrica said it continues to pursue activities as it prepares to start a multi-well drilling campaign in 2024.
According to the update, the Canadian company is preparing well site access roads and the drilling pad. Additionally, the company is tendering all required equipment and services associated with the multi-well drilling campaign, which is expected to see back-to-back wells in the Damara Fold Belt.
A follow-up drilling campaign is expected to be either Prospect M or Prospect P; both locations are being prepared for drilling operations.
The company has further progressed its technical assessment of the Damara Fold Belt over the last several months by integrating new studies, basin modelling and all available geochemical data.
ReconAfrica said it anticipates potentially having oil in the shallower Mulden reservoir intervals, while the deeper Otavi target is expected to have natural gas with liquid/oil yield potential.
