Page 14 - AfrOil Week 34 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM reservoirs to aid in the assessment of establish- $550,000.
ing commerciality in the Kavango Sedimentary Mobilisation of the Rig to the ROB-1 well
ReconAfrica responds Basin. As it has stated in the past, ReconAfrica location is expected to take place within the next
has selected and employed two reputable indus-
10-14 days, and the commencement of oper-
to new misinformation try service providers to acquire and analyze its ations is expected on or before September 10,
well data. The short-seller report is factually 2021. Workover operations are expected to take
campaign incorrect about our service providers and obvi- between 20-30 days from start to finish.
ously did not conduct any research to support its
The Company will provide an update once
Reconnaissance Energy Africa (ReconAfrica) false allegations. the well intervention in ROB-1 has commenced.
has received and reviewed a report issued by ReconAfrica is committed to working in close Plans to drill an infill well in Robbana (ROB-
Viceroy Research, a stock-market short-seller, collaboration with the government of Namibia 3), first announced on June 10, 2021, remain
about the Company’s exploratory drilling pro- to fully explore and understand the potential of unchanged and the Company has confirmed
gramme in Namibia. the Kavango Sedimentary Basin and explore for that, having carried out an inventory inspection,
The report, like previous misinformation commercial petroleum reservoirs. It also com- the long-lead equipment required for the drilling
campaigns launched by Viceroy, contains many municates frequently with regulators, investors of ROB-3 are already on location and meet the
intentionally false allegations and displays an and credible research organisations to share its prescribed technical and safety standards.
unfortunate lack of knowledge and understand- findings and ensure full transparency through- Andrea Cattaneo, Chief Executive Officer
ing of geology and oil-and-gas exploration. It out this exploratory phase. of Zenith, commented: “We are very pleased to
also unfairly defames government and company ReconAfrica, August 17 2021 begin Zenith’s operational journey in Tunisia
officials. with our inaugural well intervention in Robbana.
To correct the misinformation disseminated Zenith Energy mobilises rig We are confident that this first well intervention
by the short-seller, ReconAfrica can summarise in ROB-1, which has remained untouched since
and reaffirm the intention and recent results of to Robbana concession 2012, will result in a relatively significant uplift
the exploratory drilling programme it began in in production and, at the same time, provide
Namibia, as follows: Zenith Energy, the listed international oil & gas us with valuable additional insights that we can
ReconAfrica, in collaboration with the Gov- production company focused on pursuing Afri- apply towards the planned drilling of ROB-3.
ernment of the Republic of Namibia, set out this can development opportunities, has finalised all “Our primary objective for Robbana is to
year with a stratigraphic drilling programme to the necessary preparations for the commence- achieve a daily production rate of approximately
prove there is an active conventional petroleum ment of operational activities in the Robbana 200-250 bpd, to be obtained via the successful
system in the Kavango Sedimentary Basin. The concession onshore Tunisia. workover of ROB-1 and the drilling of ROB-3,
released data and analysis from the first well Having carried out an extensive technical representing a tenfold increase in respect of cur-
confirm this. In conventional oil and gas sys- review, the Company’s operational team in Tuni- rent daily production from the concession.
tems, petroleum migrates along faults, fractures, sia has made the decision to perform a worko- “Further, it is our intention to update our
or porous rock from a source to a reservoir. We ver of ROB-1, which is currently producing at a independent Competent Person’s Report to also
are confident that this data confirms we have a rate of approximately 20 bpd. The workover of include the reserves of the El Bibane and Rob-
conventional petroleum system. No fracking ROB-1 is expected to more than double existing bana concessions, having been acquired at a time
is planned or permitted by the Government of production, resulting in a daily production rate after the effective date of the last reserves evalu-
Namibia. of approximately 50-80 bpd. ation. We shortly also look forward to delivering
Based on the promising results of the first two The Company has contracted a leading news regarding planned drilling activities in the
stratigraphic test wells, ReconAfrica has initiated local Tunisian drilling contractor to perform Ezzaouia concession, following agreement with
a government-approved, low-impact, 2-D seis- the workover of ROB-1 using a 750hp drilling our local partners, which we hope to begin prior
mic programme (Seismic Fact Sheet) designed and workover rig. The cost of the ROB-1 work- to the close of 2021.
to delineate potential hydrocarbon-bearing over has been estimated to be approximately “The team and I are confident regarding
Zenith’s current progress, in Tunisia and beyond,
and we are greatly excited by our significant
near-term development potential in a number
of areas.”
Zenith Energy, August 19 2021

GAS

OPEC hails SNPC’s progress
in natural gas, CSR

During a meeting with the Republic of the Con-
go’s Société Nationale des Pétroles du Congo
(SNPC) on Monday, Secretary General of OPEC
Mohammed Sanusi Barkindo emphasised the
growing role of national oil companies (NOCs)
in advancing the African energy sector.

P14 www. NEWSBASE .com Week 34 25•August•2021