VANCOUVER, BC, April 18,
2023 /CNW/ - Reconnaissance Energy Africa Ltd. (the
"Company" or "ReconAfrica") (TSXV: RECO)
(OTCQX: RECAF) (Frankfurt: 0XD)
provides an update on the acquisition of the first Enhanced Full
Tensor Gradiometry ("eFTG") survey conducted in Namibia.
Metatek-Group Limited, a worldwide airborne geophysical survey
specialist based in the United
Kingdom, is currently conducting an eFTG survey over an area
of nearly 2,200 square kilometers (540,000 acres) in
ReconAfrica's 25,000 square kilometers (6.3 million
acres) PEL073 exploration license in north-eastern Namibia. The airborne component of the survey
is expected to be completed by April 21,
2023.
The eFTG is the world's most advanced high
resolution airborne gravity survey which specifically allows earth
scientists to identify changes in sub-surface rock density with the
goal of highlighting stratigraphic or structurally controlled
hydrocarbon traps. More specifically, this relatively new
technology is a sophisticated application of gravity techniques
that not only adds three-dimensional detail to subsurface images
but is also capable of differentiating the geometry at different
litho-stratigraphic levels (layers of rock) below the
Earth's surface.
Once acquired and processed, the 2,200 sq km survey will be
integrated with the Company's existing 2D seismic data, which
greatly enhances ReconAfrica's capacity to extrapolate
structural geometry in three dimensions.
eFTG Survey Acquisition
As previously announced in the December
22, 2022 news release, the eFTG survey is being carried out
using a modified and upgraded DC-3 turboprop aircraft, which has
been specially fitted with the eFTG instrumentation. This
instrument is a state-of-the-art 4th generation gravity gradiometer
designed and manufactured by an American aerospace company and
represents a significant enhancement in sensitivity and resolution
compared to its nearest competitor.
In addition to eFTG, gravity and magnetic data, the survey
aircraft is also fitted with a scanning LiDAR system that will
provide a highly accurate terrain model and vegetation map within
the survey area. This valuable database can be used as a baseline
for environmental monitoring purposes and contribute to mapping of
vegetation health for arable crop production.
Survey lines are being flown every 600m in a northwest/south-east direction, and tie
lines will be spaced every 3km in a north-east/south-west
direction. This airborne exploration approach has a low
environmental footprint with minimal impact on the local
communities.
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the
opening of the newly discovered deep Kavango Sedimentary Basin in
the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum
licences comprising ~8 million contiguous acres. In all aspects of
its operations ReconAfrica is committed to minimal disturbance of
habitat in line with best international standards and will
implement environmental and social best practices in all of its
project areas.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note
Regarding Forward-Looking
Statements:
Certain statements contained in this press release
constitute forward-looking information under applicable Canadian,
United States and other applicable
securities laws, rules and regulations, including, without
limitation, statements with respect to the Company's engaging a
survey provided to perform an enhanced full tensor gravity survey,
including the expected timing for the receipt of permits necessary
in connection with conducting such survey, the expected timing for
the completion of, and the interpretation of results from, such
survey, the uses, objectives and expected results of such survey,
the size of such survey and the equipment to be used to perform
such survey, the Company Phase 2 extension of its 2D seismic
acquisition program, including the expected timing for completion,
and the interpretation of results from, such program, the expected
timing for the commencement of drilling of the Wisdom Farm 5-1 test
well, the potential geological structures that may be encountered
by such test well, including traps, the number of wellbores to be
drilled from such test well, the potential success of such test
well and the Company's commitment to minimal disturbance of
habitat, in line with best international standards and its
implementation of environmental and social best practices in all of
its project areas. These statements relate to future events or
future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on ReconAfrica's current belief or
assumptions as to the outcome and timing of such future events.
There can be no assurance that such statements will prove to be
accurate, as the Company's actual results and future events could
differ materially from those anticipated in these forward-looking
statements as a result of the factors discussed in the "Risk
Factors" section in the Company's amended and restated annual
information form dated May 19, 2021,
available under the Company's profile at
www.sedar.com. Actual future
results may differ materially. Various assumptions or factors are
typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those
assumptions and factors are based on information currently
available to ReconAfrica. The forward-looking information contained
in this release is made as of the date hereof and ReconAfrica
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained
herein.
SOURCE Reconnaissance Energy Africa Ltd.