16
Apr
CHAMWE KAIRA Reconnaissance Energy Africa Ltd has announced a drilling update on Prospect I. IProspect I is located onshore in Kavango in Petroleum Exploration Licence 073 (PEL73) and is the company’s largest prospect to be drilled so far. The company is targeting an estimated 365 million barrels of unrisked and 32 million barrels of risked prospective light to medium oil resources. For natural gas, the estimate stands at 1.9 trillion cubic feet unrisked and 140 billion cubic feet risked, based on an independent prospective resources report by Netherland, Sewell & Associates, Inc. ReconAfrica President and CEO Brian Reinsborough said the…