Page 13 - AfrOil Week 46 2022

AfrOil PROJECTS & COMPANIES AfrOil

ReconAfrica is developing adjacent Kavango basin blocks in Namibia and Botswana (Image: ReconAfrica)
ReconAfrica began drilling the Makandina 8-2 provided several additional leads and “large
well in late June, reaching a total depth of 2,056 exploration targets,” the company said.
metres by August. Within the Kavango Basin, ReconAfrica said,
In a statement, ReconAfrica said the well did it had identified the Karoo Rift Basin. Seismic
find methane and gas liquids, confirming the shows this is made up of a number of sub-basins.
presence of a working petroleum system. The The data also shows targets in the Damara Fold
well found “valuable geological information” Belt, southwest of the Karoo.
and the analytical work will continue. The oil The Namibian government has recently
company says it is now working towards the approved an environmental certificate to
spudding of a next well, 5-1. It aims to begin acquire another 1,500 km of 2D seismic, says
drilling on this well in mid-December, The Energy Voice. The company has commissioned
Globe and Mail reports. Polaris Natural Resources to carry out the work,
ReconAfrica is doing exploration work in which begins this month and will run until April
the Kalahari region of Namibia, not far from 2023.
the Okavango River, which flows into the Oka- According to Elisabeth Kosters, an inde-
vango Delta, a world-famous wildlife region and pendent geologist and former academic
a massive tourist attraction, writes the Canadian and government scientist, the latest results
newspaper. announced by the company are consistent with
For the past three years, the project has been her own interpretation of the subsurface in the
facing relentless opposition from environmen- region. “I’m puzzled as to why they keep going in
talists concerned that it could jeopardise ele- the face of such disappointing results,” she told
phant migration routes and underground water The Globe and Mail on November 11.
sources that reach the Okavango River. As news broke of the failure to find commer-
ReconAfrica also reported some results cial oil following the 8-2 well test results, Recon-
from its first and second phases of seismic, shot Africa’s stock fell. The shares have lost more than
in 2021 and early 2022, Energy Voice reported. 40% of their value on TSXV Exchange since the
Results from the second phase of seismic have announcement, the Canadian daily writes. ™

Renergen resumes LNG production in

Free State after temporary shutdown

SOUTH AFRICA SOUTH Africa’s Renergen has resumed LNG its helium and nitrogen modules from damage.
production after taking its onshore natural gas However, the company said in a statement on
liquefaction plant offline for several weeks to November 15 that it had completed repairs and
repair a faulty conduction oil system. testing. As such, it hopes to begin commercial
Renergen had launched the first stage of its deliveries of LNG to both of its local industrial
LNG plant in Free State in September but sus- clients – Consol Glass and Ceramic Industries,
pended operations last month in order to protect a unit of Italtile – before the end of this week.

Week 46 17•November•2022 www. NEWSBASE .com P13