VANCOUVER, BC, Sept. 23, 2021 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX:
RECAF) (Frankfurt: 0XD) and its
joint venture partner NAMCOR (the state oil company of Namibia) announce the Ministry of Mines and
Energy ("MME") has granted approval of a one year extension on the
First Renewal Period from 29 January
2022 to 29 January 2023,
relating to the approximate 6.3 million acre (PEL) 73 exploration
licence, due to the impacts of the Covid-19 pandemic on the
Company's operations.
Scot Evans, ReconAfrica CEO said,
"I appreciate the MME recognizing the challenges COVID-19 has had
on our operations by granting the extension to the First Renewal
Period. I would also like to take the opportunity to recognize the
efforts of the ReconAfrica team in adapting and minimizing the
impacts the COVID-19 pandemic has had on the people of Namibia and our operations."
The Ministry of Mines and Energy of Namibia is the State's lead agency in
attracting private investment in resources exploration and
development through the provision of geo-scientific information on
minerals and energy resources, and management of an equitable and
secure titles systems for the mining, petroleum and geothermal
industries. It also carries prime responsibility for regulating
these extractive industries and ensuring that safety, health and
environmental standards are consistent with the relevant State and
Commonwealth legislation, regulations and policies.
Environmental, Social & Governance
In addition to the four solar powered community water wells
previously drilled, ReconAfrica, working with local and state water
authorities, has now drilled and completed four more solar powered
water wells in rural areas of the Kavango East region in which the
Company operates. The Company's Namibian water well drilling and
installation contractors, Aqua Drilling and Leben Technical
Services have now commenced drilling four more community water
wells in the Kavango West region in which ReconAfrica also
operates.
ReconAfrica continues its commitment to local hiring with over
300 Namibian residents which have been employed to date. The
Company has a strong commitment to gender diversity and continues
to increase the number of women hired locally.
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
licenses comprising approximately 8.5 million contiguous acres. In
all aspects of its operations, ReconAfrica is committed to minimal
disturbances in line with international best 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.
Email: admin@reconafrica.com
IR Inquiries Email: investors@reconafrica.com
Media Inquiries Email: media@reconafrica.com
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
continued commitment to local hiring and strong commitment to
gender diversity, continuing to increase the number of women hired
locally, and the Company's commitment to minimal disturbances in
line with international best 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.