Page 15 - AfrOil Week 28 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM Acquisition is expected to commence during the
third week of July for an anticipated duration of
SDX Energy provides update six to eight weeks.
The programme provider is Polaris Natural
on drilling operations at IY-2 Resources, Canada’s longest standing geophys-
ical contractor, which was selected through a
well in Egypt competitive bidding process. Polaris offers its
own patented seismic source – the Explorer 860
AIM-listed SDX Energy, the MENA-focused Accelerated Weight Drop.
oil and gas company, has provided an update on All three Explorer 860 source units have
drilling operations at the Ibn Yunus-2 well in the arrived at Polaris’s newly established base in
South Disouq Exploration Permit onshore Nile Rundu, Namibia. Polaris anticipates hiring
Delta, Egypt (SDX 55% working interest). approximately 100 local personnel with line crew
The well was drilled to a measured depth of training starting July 6th. This low impact seis-
8,025 feet (2,446 metres), encountering 40.5 feet mic programme will be conducted along exist-
(12.34 metres) net-pay of high-quality gas-bear- ing roadways during daylight hours to minimise
ing sands, with an average porosity of 23.4%, wildlife disturbance. The Company’s near-term focus is com-
near the base of the Kafr El Sheikh (KES) forma- Scot Evans, ReconAfrica’s CEO, said: “Now pleting the seismic acquisition programme
tion. The top of the KES sand was encountered that the first two wells have successfully estab- announced to the ASX on June 25, 2021, which
at a measured depth of 6,768 feet (2,063 metres). lished an active conventional petroleum system is expected to conclude approximately at the
Whilst we still await the well test results in a few in the Kavango basin, we are moving to the next end of Q3-2021. The camp construction and the
weeks’ time, the Company’s expectations are phase of the exploration process: acquisition, local recruitment campaign for 120 field crew
that the IY-2 well can maximise recovery from processing and interpretation of the first regional are being finalised ahead of the imminent com-
the Ibn Yunus Field and help maintain current seismic grid in this newly identified sedimentary mencement of the programme.
gross production levels of circa 45 mcf per day basin. The programme will provide the regional The Cabora Bassa Project, in SG 4571,
(1.274 mcm) at the South Disouq Central Pro- geologic structural and stratigraphic framework encompasses the Mzarabani prospect, a mul-
cessing Facility. and identify conventional hydrocarbon accu- ti-trillion cubic feet and liquids rich conven-
Management expects that the IY-2 well will be mulations, with the goal of commercialising this tional gas-condensate target, which is potentially
tied in via a short flowline to the Ibn Yunus-1X potential major source of energy for Namibia.” the largest, undrilled seismically defined struc-
location where an existing flowline connects Polaris COO Joe Little stated: “The acquisi- ture onshore Africa. The prospect is defined by
to the South Disouq Central Processing Facil- tion plan is progressing very well for a success- a robust dataset acquired by Mobil in the early
ity. The gross cost of this tie-in is estimated at ful recording launch in mid-July. Given our 1990s that includes seismic, gravity, aeromag-
$550,000. A further announcement will be made past success with the environmentally friendly netic and geochemical data.
in the coming weeks on completion of the testing Explorer 860 source units on past projects in Invictus Energy, July 9 2021
of IY-2. Africa and given the very high resolution param-
The drilling rig is now completing the well eters designed by ReconAfrica’s seismic team, we Zenith Energy announces
before moving to the Hanut-1X exploration well anticipate getting excellent data results on the
for a planned spud early in August 2021, which project.” sale of Tunisian oil
is targeting gross unrisked mean recoverable vol- Drilling operations: ReconAfrica is cur-
umes of 139 bcf (3.936 bcm) with a 33% chance rently drilling ahead on the 6-1 well, antici- production
of success. pating reaching total depth on or before July
SDX Energy, July 13 2021 11th. Immediately after reaching total depth, Zenith Energy, the listed international oil & gas
ReconAfrica will commence logging and coring production company focused on pursuing Afri-
ReconAfrica, NAMCOR obtain operations designed to maximise hydrocarbon can development opportunities, has announced
recovery. These operations will be conducted that it has agreed an international crude oil lift-
seismic permit for Kavango using Schlumberger technology. ing, scheduled to take place during the month of
July 2021, of approximately 68,000 barrels net to
ReconAfrica, July 9 2021
basin onshore Namibia Zenith (including approximately 20,000 barrels
of domestic market sales) for total receivables of
Reconnaissance Energy Africa (ReconAfrica) Invictus provides update on approximately $4.5mn.
has announced that the Republic of Namibia’s Cabora Bassa project Andrea Cattaneo, Chief Executive Officer of
Ministry of Environment, Forestry and Tourism Zenith, commented: “We are delighted to have
has issued the Environmental Clearance Certifi- Invictus Energy has provided an update on the agreed our first sale of Tunisian oil production
cate (ECC) for the initial 2D seismic programme activities of its 80% owned and operated Cabora during a period of high oil prices. The Company
to be conducted in the Petroleum Exploration Bassa project in Zimbabwe. will apply the significant additional funding
License No. 73 in the Kavango East and West Further to the announcement on December towards accelerating our planned field devel-
regions of north-east Namibia. 22, 2020, the non-binding farm-in agreement opment rehabilitation and drilling activities in
Seismic Operations: With the ECC (seismic has been terminated. Invictus was unable to sat- Robbana and El Bibane, as well as within the
permit) now in place, ReconAfrica and NAM- isfactorily complete the required transaction due Ezzaouia concession following agreement with
COR (the national oil company of Namibia) diligence on the counterparty and the parties our partners, to achieve a maximisation of oil
have begun acquisition of the initial 450 km have ceased discussions. The Company contin- production in the near-term.”
2D seismic programme in the Kavango basin. ues to engage with additional interested parties. Zenith Energy, July 8 2021

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