Latest news with #ANPG
Yahoo
5 days ago
- Business
- Yahoo
ReconAfrica Announces First Quarter Filings and Corporate Update
CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the 'Company' or 'ReconAfrica') (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of its fiscal first quarter disclosure documents for the three-month period ended March 31, 2025, including the unaudited consolidated financial statements and Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at . : "ReconAfrica continues to move Prospect I toward spud and management remains excited about this exploration target, which is our largest prospect to be drilled to date. On trend with the Naingopo and Prospect I locations, the Company recently gained access to over five million acres in Angola, and we look forward to working with our partner, ANPG to explore this acreage. Management recognizes its responsibility to all stakeholders to steward the evaluation and exploration process of this vast portfolio with the utmost care. We are keen to continue our work with shareholders, local government, joint venture and community partners." Selected HighlightsFor the first quarter ended March 31, 2025, and subsequent period, we announced: On January 29, 2025, the Namibian Ministry of Mines & Energy approved the previously announced farm-down agreement with BW Energy ('BW') acquiring a 20% WI in Petroleum Exploration License 073 ('PEL 73'). On January 30, 2025, results from the Naingopo exploration well on PEL 73 aided the Company with the selection of Prospect I as the next drill prospect. On April 17, 2025, ReconAfrica entered a Memorandum of Understanding ('MOU') with the National Oil, Gas and Biofuels Agency of Angola ('ANPG'), for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. The MOU area, which is contiguous to PEL 73 in Namibia, added 5.2 million acres of exploration lands to the Company's exploration portfolio. On April 30, 2025, an updated NSAI Report was filed on SEDAR+ at On May 21, 2025, Mark Friesen, CFA joined the Company as Managing Director, Investor Relations and Capital Markets. Operational Update Prospect I, located onshore Namibia in Petroleum Exploration License 073 ('PEL 73'), will be the Company's largest exploration prospect drilled to date. Prioritizing Prospect I as the next drillable prospect was significantly influenced by the drilling results of the Naingopo prospect, which has confirmed the presence of carbonate reservoir, indications of oil observed from the Damara Fold Belt and oil being recovered at surface in the drilling mud system. The Company has conducted extensive stakeholder and community engagement activities and obtained local consents. The Company is completing permitting requirements and obtaining all regulatory approvals. Pre-construction activities are currently underway, including, de-brushing, de-mining, access road infrastructure development and drill site preparation. ReconAfrica is committed to continuing to work collaboratively with communities, governments and regulators. Management remains encouraged that the sequence of completing the necessary pre-drill activities on Prospect I is progressing toward spudding the well. Permitting for road and pad construction is proceeding and we expect the rig to move in late June with spud shortly thereafter. Any adjustments to the spud date of Prospect I are logistical in nature with management's view regarding the prospectivity of the target remaining positive and unchanged from earlier communications. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President and Chief Executive Officer Mark Friesen, Managing Director, Investor Relations & Capital Markets IR Inquiries Email: investors@ Inquiries Email: media@ 1-877-631-1160 Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, the timing of permits, timing and sequencing of the next well, actual well results, future drilling activity, resource potential, the updated NSAI Report, the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated April 29, 2025, available under the Company's profile at Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Yahoo
5 days ago
- Business
- Yahoo
ReconAfrica Announces First Quarter Filings and Corporate Update
CALGARY, Alberta, May 29, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the 'Company' or 'ReconAfrica') (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of its fiscal first quarter disclosure documents for the three-month period ended March 31, 2025, including the unaudited consolidated financial statements and Management's Discussion and Analysis ("MD&A"), which are available on SEDAR+ at . : "ReconAfrica continues to move Prospect I toward spud and management remains excited about this exploration target, which is our largest prospect to be drilled to date. On trend with the Naingopo and Prospect I locations, the Company recently gained access to over five million acres in Angola, and we look forward to working with our partner, ANPG to explore this acreage. Management recognizes its responsibility to all stakeholders to steward the evaluation and exploration process of this vast portfolio with the utmost care. We are keen to continue our work with shareholders, local government, joint venture and community partners." Selected HighlightsFor the first quarter ended March 31, 2025, and subsequent period, we announced: On January 29, 2025, the Namibian Ministry of Mines & Energy approved the previously announced farm-down agreement with BW Energy ('BW') acquiring a 20% WI in Petroleum Exploration License 073 ('PEL 73'). On January 30, 2025, results from the Naingopo exploration well on PEL 73 aided the Company with the selection of Prospect I as the next drill prospect. On April 17, 2025, ReconAfrica entered a Memorandum of Understanding ('MOU') with the National Oil, Gas and Biofuels Agency of Angola ('ANPG'), for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. The MOU area, which is contiguous to PEL 73 in Namibia, added 5.2 million acres of exploration lands to the Company's exploration portfolio. On April 30, 2025, an updated NSAI Report was filed on SEDAR+ at On May 21, 2025, Mark Friesen, CFA joined the Company as Managing Director, Investor Relations and Capital Markets. Operational Update Prospect I, located onshore Namibia in Petroleum Exploration License 073 ('PEL 73'), will be the Company's largest exploration prospect drilled to date. Prioritizing Prospect I as the next drillable prospect was significantly influenced by the drilling results of the Naingopo prospect, which has confirmed the presence of carbonate reservoir, indications of oil observed from the Damara Fold Belt and oil being recovered at surface in the drilling mud system. The Company has conducted extensive stakeholder and community engagement activities and obtained local consents. The Company is completing permitting requirements and obtaining all regulatory approvals. Pre-construction activities are currently underway, including, de-brushing, de-mining, access road infrastructure development and drill site preparation. ReconAfrica is committed to continuing to work collaboratively with communities, governments and regulators. Management remains encouraged that the sequence of completing the necessary pre-drill activities on Prospect I is progressing toward spudding the well. Permitting for road and pad construction is proceeding and we expect the rig to move in late June with spud shortly thereafter. Any adjustments to the spud date of Prospect I are logistical in nature with management's view regarding the prospectivity of the target remaining positive and unchanged from earlier communications. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President and Chief Executive Officer Mark Friesen, Managing Director, Investor Relations & Capital Markets IR Inquiries Email: investors@ Inquiries Email: media@ 1-877-631-1160 Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, the timing of permits, timing and sequencing of the next well, actual well results, future drilling activity, resource potential, the updated NSAI Report, the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated April 29, 2025, available under the Company's profile at Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained in to access your portfolio
Al Bawaba
27-05-2025
- Business
- Al Bawaba
ExxonMobil Angola Managing Director (MD) to Speak at African Energy Week (AEW) 2025 as Company Deepens Strategic Commitment to Angolan Energy Sector
Katrina Fisher, Managing Director, ExxonMobil Angola, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29 to October 3 in Cape Town. Her participation highlights ExxonMobil's long-standing commitment to Angola's energy market and its role in supporting the country's ambitions to maintain oil production above 1.1 million barrels per over three decades of operational history in Angola, ExxonMobil continues to be a key player in the country's upstream sector. Under Fisher's leadership, the company is accelerating exploration and development efforts, most notably through prospective studies on offshore Blocks 17/06 and 32/21 in partnership with energy major TotalEnergies and Angola's national concessionaire the National Agency of Petroleum, Gas and Biofuels (ANPG). These efforts are part of a broader national strategy to identify new drilling targets and reverse production declines. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Fisher's appearance at AEW: Invest in African Energies 2025 is expected to spotlight ExxonMobil's future-focused projects, including its recent frontier exploration campaign in the Namibe Basin and a $15 billion investment outlook for Angola by 2030. The company currently operates across high-potential blocks including Blocks 30, 44 and 45 in the Namibe Basin, with participating interests in Blocks 15, 17 and 32. ExxonMobil Angola recently celebrated 2.5 million barrels of cumulative production at Block is also expected to share key insights into ExxonMobil's production-enhancing initiatives, including its successes under Angola's Incremental Production Initiative, which incentivizes reinvestment in mature fields. Notably, the Likember-01 discovery and the Bavuca Sul-1 well underscore the untapped potential in Block 15 and the value of applying innovative technologies to legacy addition to its technical and operational achievements, ExxonMobil has invested over $100 million in social projects across Angola, advancing healthcare, education and female workforce development. Fisher has been instrumental in advancing these priorities, ensuring ExxonMobil's investments drive long-term socioeconomic value.'Katrina Fisher's participation at AEW: Invest in African Energies 2025 reinforces ExxonMobil's leadership role in Angola's energy renaissance. With a track record of strategic investment, technological innovation and sustainable development, Fisher's insights will be vital to shaping dialogue around Africa's upstream future,' states NJ Ayuk, Executive Chairman of the African Energy Angola continues to attract global capital into its oil and gas sector, ExxonMobil stands as a pillar of progress, unlocking new discoveries, maximizing existing fields and empowering communities through shared growth. Distributed by APO Group on behalf of African Energy Chamber. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
26-05-2025
- Business
- Zawya
ExxonMobil Angola Managing Director (MD) to Speak at African Energy Week (AEW) 2025 as Company Deepens Strategic Commitment to Angolan Energy Sector
Katrina Fisher, Managing Director, ExxonMobil Angola, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29 to October 3 in Cape Town. Her participation highlights ExxonMobil's long-standing commitment to Angola's energy market and its role in supporting the country's ambitions to maintain oil production above 1.1 million barrels per day. With over three decades of operational history in Angola, ExxonMobil continues to be a key player in the country's upstream sector. Under Fisher's leadership, the company is accelerating exploration and development efforts, most notably through prospective studies on offshore Blocks 17/06 and 32/21 in partnership with energy major TotalEnergies and Angola's national concessionaire the National Agency of Petroleum, Gas and Biofuels (ANPG). These efforts are part of a broader national strategy to identify new drilling targets and reverse production declines. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Fisher's appearance at AEW: Invest in African Energies 2025 is expected to spotlight ExxonMobil's future-focused projects, including its recent frontier exploration campaign in the Namibe Basin and a $15 billion investment outlook for Angola by 2030. The company currently operates across high-potential blocks including Blocks 30, 44 and 45 in the Namibe Basin, with participating interests in Blocks 15, 17 and 32. ExxonMobil Angola recently celebrated 2.5 million barrels of cumulative production at Block 15. Fisher is also expected to share key insights into ExxonMobil's production-enhancing initiatives, including its successes under Angola's Incremental Production Initiative, which incentivizes reinvestment in mature fields. Notably, the Likember-01 discovery and the Bavuca Sul-1 well underscore the untapped potential in Block 15 and the value of applying innovative technologies to legacy assets. In addition to its technical and operational achievements, ExxonMobil has invested over $100 million in social projects across Angola, advancing healthcare, education and female workforce development. Fisher has been instrumental in advancing these priorities, ensuring ExxonMobil's investments drive long-term socioeconomic value. 'Katrina Fisher's participation at AEW: Invest in African Energies 2025 reinforces ExxonMobil's leadership role in Angola's energy renaissance. With a track record of strategic investment, technological innovation and sustainable development, Fisher's insights will be vital to shaping dialogue around Africa's upstream future,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. As Angola continues to attract global capital into its oil and gas sector, ExxonMobil stands as a pillar of progress, unlocking new discoveries, maximizing existing fields and empowering communities through shared growth. Distributed by APO Group on behalf of African Energy Chamber.
Russia Today
21-05-2025
- Health
- Russia Today
Chevron oil platform catches fire off Angola coast
A fire erupted early Tuesday morning on the Benguela Belize Lobito Tomboco (BBLT) offshore oil platform off the coast of Angola, injuring 17 workers during scheduled maintenance operations, according to the country's oil and gas regulator. The blaze broke out at approximately 3am local time on the basement deck of the multi-level structure. Operated by Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of US energy giant Chevron, the facility was undergoing routine annual maintenance at the time. 'The cause of the fire is currently under investigation,' Angola's National Agency of Oil, Gas and Biofuels (ANPG) said in a statement, noting that CABGOC teams responded promptly and were able to successfully extinguish the flames. ANPG added that production at the site had been halted since May 1 as part of planned maintenance activities. All injured personnel were airlifted to onshore medical facilities for treatment. According to Jornal de Angola, six individuals were transported to the Sacred Hope Clinic in Luanda, where four remain in critical condition and two others are reported to be in very serious condition. An additional four victims are receiving care at Cabinda's General Hospital, where an acting clinical director stated that the patients had sustained mild burns. Speaking to Polygraph Africa, Cabinda's provincial health secretary, Ruben Buco, confirmed that several victims of the explosion were being treated at local healthcare centers. He reported no fatalities as of Tuesday, although medical evaluations were still underway. However, by Wednesday, Reuters reported – citing a statement from Chevron – that one person was missing in the aftermath of the fire. The BBLT, a drilling production platform situated approximately 60 miles (96.5 km) offshore from Cabinda, houses living quarters for up to 157 personnel.
