Reconnaissance Energy Africa has completed initial surveying activity at Prospect I, with debushing activities ongoing.
The company will start demining activities in the coming weeks ahead of the Prospect I spudding in Q2 2025.
Prospect I targets 365 million barrels of unrisked and 32 million of risked prospective light/medium oil resources.
It also targets 1.7 trillion cubic feet of unrisked and 126 billion cubic feet of risked prospective natural gas resources on a 100% working interest basis.
These figures are based on the most recent prospective resources report prepared by Netherland, Sewell, & Associates, Inc., an independent qualified reserve evaluator.
Reconnaissance Energy Africa CEO Brian
Reinsborough says the in-country teams have started community engagement, surveying, debushing and demining activities, which the construction of a 10-kilometre road and drill pad site will follow.
“Prospect I is one of the largest mapped structures in the Damara Fold Belt, is well imaged from 2D seismic, and demonstrates a four-way dip closure in which we expect to penetrate over 1,500 metres of Otavi reservoir,” Reinsborough says.
According to Reinsborough, drilling at the Prospect I location has been significantly derisked by the results of our first Damara Fold Belt well, Naingopo, which encountered a reservoir in the Otavi carbonates, hydrocarbon shows and oil to the surface.
