Acquires Drill Rig for the Namibia Program
In his last position, Mr. Evans served as Vice President of Halliburton's Integrated Asset Management and Technical Consulting organizations, where he grew production from 20K to over 100K barrels of oil equivalent per day, creating the equivalent of a Mid-Cap upstream oil company. ReconAfrica is a junior oil and gas company engaged in the development of the newly discovered Kavango Sedimentary Basin, in northeast Namibia, where the Company holds a 90% working interest in petroleum licenses, comprising approximately 6.3 million contiguous acres. In this segment Mr. Evans discusses the acquisition and transport of a new modern drill rig to Namibia in order to execute the company's drilling program at Kavango.
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ReconAfrica (CVE:RECO) (OTCMKTS:LGDOF) is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia. ReconAfrica holds a 90% interest in a petroleum exploration licence in northeast Namibia which covers the entire Kavango sedimentary basin. The exploration licence covers an area of approximately 25,341.33 sq km (6.3 million acres), and based on commercial success, it entitles ReconAfrica to obtain a 25 year production licence. The Kavango Basin offers both large scale conventional and non-conventional play types.
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