06:48 AM EST, 11/27/2024 (MT Newswires) -- Reconnaissance Energy Africa ( RECAF ) on Wednesday announced that it has reached total depth (TD) of 4,184 metres on the Naingopo exploration well on Petroleum Exploration Licence 073, onshore Namibia.

Brian Reinsborough, President and CEO, in a statement said: "We are excited to have completed the drilling operations on the Naingopo exploration well, drilling beyond our original projected TD of 3,800 metres. The Naingopo well is the first of several to test the potential resource of the Damara Fold Belt. We will now commence an extensive evaluation program, which will include wireline logging and coring, Modular Formation Dynamics Tester (MDT) sampling and testing of any hydrocarbons present, and a Vertical Seismic Profile (VSP). Our technical team will then assess all data to determine the results, which will assist us in finalizing further plans in the Damara Fold Belt."

RECO was unchanged yesterday at $1.20.