Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR (the state oil company of Namibia) said the Ministry of Mines and Energy has granted a 1-year extension of the first renewal period to 29 January 2023, relating to the approximate 6.3-million-acre (PEL) 73 exploration license, due to the impacts of the pandemic.
ReconAfrica holds a 90% interest in PEL 73 covering portions of northeast Namibia. The exploration license covers the entire Kavango sedimentary basin.