Reconnaissance Energy Africa (ReconAfrica) has completed drilling operations at the Naingopo exploration well on Petroleum Exploration Licence 073, onshore Namibia.
The well reached a total depth of 4,184m (13,727ft).
The Naingopo well targets 181mbbl of unrisked and 15mbbl of risked prospective light-to-medium oil resources or 937 billion cubic feet (bcf) of unrisked and 65bcf of risked prospective natural gas resources, based on the latest report by Netherland, Sewell & Associates (NSAI).
ReconAfrica will now initiate a comprehensive logging and coring programme, perform a vertical seismic profile (VSP), and proceed with casing and cementing the well.
The preliminary results from the Naingopo well are expected in the coming weeks.
The company aims to provide results after a thorough analysis of the subsurface data and any oil or natural gas samples obtained.
Following a review of the current operations, the team intends to move to the Kumbundu (Prospect P) well location.
The Kumbundu well targets 309mbbl of unrisked and 15mbbl of risked prospective light-to-medium oil resources or 1.6 trillion cubic feet of unrisked and 64bcm of risked prospective natural gas resources, based on the NSAI report.
ReconAfrica president and CEO Brian Reinsborough stated: "We are excited to have completed the drilling operations on the Naingopo exploration well, drilling beyond our original projected TD [total depth] of 3,800m.
"The Naingopo well is the first of several to test the potential resource of the Damara Fold Belt. We will now commence an extensive evaluation programme, which will include wireline logging and coring, modular formation dynamics tester sampling and testing of any hydrocarbons present, and a VSP.
"Our technical team will then assess all data to determine the results, which will assist us in finalising further plans in the Damara Fold Belt."