ReconAfrica Provides Drilling Update at Kavango West 1X Well

Executive Summary

• ReconAfrica’s Kavango West 1X well has been drilled to 4,158 m, exceeding the original planned TD of 3,800 m, after reaching the initial target ahead of schedule.
• Multiple oil shows and strong natural‑gas markers have been encountered in the Otavi reservoir package, prompting approval to drill to ~4,200 m.
• The company will conduct extensive wireline logging, core and fluid sampling to verify hydrocarbon indications, with results expected before year‑end.

Key Details

• Current Depth: 4,158 metres (original TD 3,800 m; approved extension to ~4,200 m).
• Spud Date: July 31, 2025.
• Drilling Progress: Reached original TD ahead of schedule; continued drilling due to hydrocarbon indications.
• Hydrocarbon Indications: Numerous oil shows and consistent natural‑gas markers observed on mud logs throughout the Otavi reservoir package.
• Wireline Program: Planned extensive wireline testing—including fluid sampling and pressure measurements—once TD is reached, to verify shows.
• Delay: Current drilling paused due to a drive‑shaft failure; replacement equipment en route, with repair expected next week.
• Future Timeline: Anticipated resumption of drilling before wireline logging; wireline results slated for release prior to year‑end 2025.
• Regulatory Approval: Received permission from Namibian authorities to drill to ~4,200 m based on encouraging hydrocarbon presence.

Notable Quotes

“I want to thank everyone who is working on the Kavango West 1X exploration well… The Company is encouraged with the drilling results to date, which show the presence of hydrocarbons through numerous oil and gas shows…” – Brian Reinsborough, President & CEO.