ReconAfrica Announces Results at Kavango West 1X Well, Onshore Namibia

Executive Summary

• ReconAfrica announced that the Kavango West 1X well on PEL 73 in on‑shore Namibia intersected ~400 m of gross hydrocarbon section with 64 m of net hydrocarbon pay and an additional 61 m of oil‑and‑gas shows in deeper fractured limestone.
• The well was temporarily abandoned at total depth 4,200 m and is slated for a production test (TCP) in the first quarter of 2026 to evaluate deliverability.
• ReconAfrica holds a 70% working interest; partners BW Energy (20%) and NAMCOR (10% carried).

Key Details

• Well Profile: Total depth 4,200 m (13,800 ft); gross hydrocarbon section ~400 m (~1,300 ft) in the Otavi carbonate.
• Net Pay: 64 m (210 ft) of verified hydrocarbon pay; additional 61 m (200 ft) of shows in deeper fractured limestone.
• Reservoir Estimate: Wireline logs indicate ~85 m (~280 ft) of net reservoir, with multiple limestone units.
• Testing Plan: Production test using 5‑inch casing and tubing‑conveyed perforating (TCP); target intervals are the 64 m pay zone plus the deeper 61 m shows; expected duration ≈ one month in Q1 2026.
• Operational Status: Well temporarily abandoned; re‑entry pending arrival of testing equipment.
• Stakeholder Engagement: Drilled safely, on schedule and on budget with strong local stakeholder involvement.
• Partner Interests: ReconAfrica – 70% WI (operator); BW Energy – 20% WI; NAMCOR – 10% carried WI.
• Regulatory Filings: Fiscal Q3 disclosure documents for the three‑ and nine‑month periods ended September 30, 2025 filed on SEDAR+.

Notable Quotes

“ReconAfrica is excited to announce that the Kavango West 1X well has encountered hydrocarbon pay in the Otavi reservoir section… I am also very proud of the ReconAfrica team who drilled this well safely, on schedule and on budget with strong local stakeholder engagement.” – Brian Reinsborough, President & CEO.