Reconnaissance Energy Africa Ltd. has released its operational update and 2025 financial and operational results, alongside the renewal of its shelf prospectus.
Brian Reinsborough, President and CEO, said, "2025 was another transformational year for ReconAfrica as we progressed all aspects of our strategic goals. We completed our farm down transaction with BW Energy Ltd. which was a significant milestone for the Company. We made the strategic move to broaden our portfolio by entering the shallow waters of Gabon by signing the Ngulu PSC, which adds another discovery to our inventory and high potential exploration acreage. We entered Angola by signing the MOU to ensure we captured significant running room in the Damara Fold Belt in advance of drilling the Kavango discovery. And finally, we made a significant play opening discovery at the Kavango West 1X well. I congratulate the ReconAfrica team, and our partners, for making this an exceptional year of advancement for the Company."
Namibia
In Namibia, activities at the Kavango West 1X discovery well are progressing as planned, with optimised zone production testing expected to begin in early to mid-May. A five-inch production liner has been installed in the wellbore, enabling isolation and sequential testing of zones. Perforation and testing will cover six hydrocarbon-bearing intervals ranging from 45–75 metres in thickness across the Elandshoek and Huttenburg formations, assessing around 420 metres of hydrocarbon-saturated section. Testing will proceed from the deepest to the shallowest zone, with each phase potentially lasting up to 10 days, extending the programme to the end of June.
The company is also advancing preparations for a follow-up appraisal well located approximately 3 – 4 km southeast of the KW1X discovery. A successful appraisal well would support reserve booking and help progress toward a final investment decision (FID).
Gabon
The company has received all raw seismic data to begin a 3D reprocessing programme over the Loba oil discovery, along with an additional 400 sq km covering high-priority prospect areas. Final seismic reinterpretation is expected in Q4 2026 and will incorporate advanced Pre-Stack Depth Migration and Full Waveform Inversion technology to better image salt-related exploration plays across the concession. The dataset will support a resource report and appraisal well location selection for the Loba oil field.
Further details on the 2025 highlights and subsequent period are available on the ReconAfrica website
