ReconAfrica granted one year extension of first renewal period for PEL 73 licence in Namibia
Canadian oil and gas company Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR (the state oil company of Namibia) announced the Ministry of Mines and Energy (MME) has granted approval of a one year extension on the First Renewal Period from 29 January 2022 to 29 January 2023, relating to the approximate 6.3 million acre (PEL) 73 exploration licence, due to the impacts of the Covid-19 pandemic on the Company’s operations.
Scot Evans, CEO, ReconAfrica said, "I appreciate the MME recognizing the challenges COVID-19 has had on our operations by granting the extension to the First Renewal Period. I would also like to take the opportunity to recognize the efforts of the ReconAfrica team in adapting and minimizing the impacts the COVID-19 pandemic has had on the people of Namibia and our operations.”
The Ministry of Mines and Energy of Namibia is the State's lead agency in attracting private investment in resources exploration and development through the provision of geo-scientific information on minerals and energy resources, and management of an equitable and secure titles systems for the mining, petroleum and geothermal industries. It also carries prime responsibility for regulating these extractive industries and ensuring that safety, health and environmental standards are consistent with the relevant State and Commonwealth legislation, regulations and policies.
In addition to the four solar powered community water wells previously drilled, ReconAfrica, working with local and state water authorities, has now drilled and completed four more solar powered water wells in rural areas of the Kavango East region in which the Company operates.
The Company’s Namibian water well drilling and installation contractors, Aqua Drilling and Leben Technical Services have now commenced drilling four more community water wells in the Kavango West region in which ReconAfrica also operates. ReconAfrica continues its commitment to local hiring with over 300 Namibian residents which have been employed to date. The Company has a strong commitment to gender diversity and continues to increase the number of women hired locally