CAPE TOWN, Jan 30 (Reuters) - Canada's Reconnaissance

Energy Africa ( RECAF ) has found indications of

oil at its Naingopo onshore exploration well and will look to

accelerate drilling in the region, its chief executive said on

Thursday.

Exploring close to the environmentally sensitive Okavango

Delta in Namibia, ReconAfrica has faced years of criticism from

Namibian environmentalists and communities, but has the

government's backing to continue drilling in the vast acreage it

holds. The company has environmental authorization to drill

multiple wells.

"We are excited about the results of this well, which opens

the play and demonstrates a working petroleum system within the

Damara Fold Belt," ReconAfrica CEO Brian Reinsborough said in a

statement.

"The importance of finding over 50 metres of net reservoir

with indications of oil in this well is significant," he said.

Namibia is a global exploration hotspot but has experienced

a slight blip this year after Shell halted field developments,

considering them commercially unviable, and Chevron's ( CVX ) first

offshore well in the Orange Basin also didn't yield any

commercial oil or gas.

Reinsborough said multiple indications of oil in the

Naingopo well will be further analysed, and based on the

technical data the company plans to drill another well, Prospect

1, ahead of its Kambundu well.

Operator ReconAfrica holds a 70% stake in the massive PEL 73

block, with Norway's BW Energy ( BWEFF ) having 20% and Namibia's

national oil company Namcor a 10% working interest.