ReconAfrica plans to drill at the Naingopo well through October before reaching total depth and will disclose well results after thoroughly analysing the logs and any obtained fluids.
The Naingopo well on PEL 73 aims to drill to a depth of approximately 3,800 meters or 12,500 feet and is expected to encounter five primary Otavi reservoir intervals targeting oil and natural gas.
The well would be a significant play-opening discovery, providing access to multiple drill-ready prospects.
The Naingopo well is targeting 181 million barrels of unrisked prospective light/medium oil resources, or 937 billion cubic feet of prospective natural gas resources, on a 100% working interest basis, based on the most recent prospective resources report prepared by Netherland, Sewell & Associates, Inc.
ReconAfrica CEO Brian Reinsborough says they have set the last casing point prior to drilling into the Otavi reservoir section.
He said they encountered slower drilling rates in the deeper section of the Mulden formation and experienced tight hole conditions while setting casing, which has caused delays to our original schedule.
“As part of the planned drilling program, we are switching out the blowout preventer to 10,000 psi ahead of drilling deeper intervals.
“Drilling will commence in the coming days, and we expect to penetrate the primary objective of the Damara Fold Belt play, the Otavi carbonate reservoir, soon after that,” Reinsborough said.
ReconAfrica is proceeding with construction operations before spudding the Kambundu exploration well (Prospect P).
This well is expected to spud in late November or early December 2024 following the completion of the Naingopo exploration.
Kambundu (Prospect P) targets 309 million barrels of unrisked prospective light/medium oil resources, or 1.6 trillion cubic feet of prospective natural gas resources, on a 100% working interest basis.
This is based on the most recent prospective resources report from Netherland, Sewell & Associates, Inc.
The company received the Environmental Clearance Certificate for a 3D seismic survey on PEL 73.
This program is expected to be acquired in the first quarter of 2025, targeting the prospective Kavango Rift Basin play.
