ReconAfrica Granted Extension in Namibia
Operator sites Covid-19 related issues for delayed work on massive land parcel.
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.