07:33 AM EDT, 06/27/2024 (MT Newswires) -- Reconnaissance Energy Africa ( RECAF ) , which lost 6.3% yesterday, on Thursday provided an operations update on activity relating to Petroleum Exploration Licence 73, onshore northeast Namibia, and a joint venture update.

The company reported the completion of all camp, rig, and equipment moves. All major equipment is now on site of the Naingopo exploration well.

Third-party service contractor teams are either on site or expected to mobilize to the site in the next week ahead of the expected spud date of July 7, 2024. On Prospect P, debushing and road access activities are ongoing with major civil works, including well pad construction, expected to begin next month.

Meanwhile, the company said it continues progressing its farm-out joint venture process, which is expected to conclude soon.