NAMIBIA: ReconAfrica Receives Environmental Clearance Certificate to Drill 12 New Wells in the Kavango Basin

Reconnaissance Energy Africa it has received its Environmental Clearance Certificate (ECC) from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism, covering
PEL 73 licence, which extends over an area of ~6.3 million acres (~25,000 km2), in northeastern Namibia.

The ECC authorizes ReconAfrica to commence the drilling of an additional 12 exploration and
appraisal wells, to unrestricted depths, in the Kavango Basin, in Namibia from July 4, 2023,
until July 4, 2026. The primary objective of the upcoming drilling program is to establish
commercial accumulations of oil and or natural gas and natural gas liquids which were
identified in the first three stratigraphic test wells.

Management’s current focus in the 3rd & 4th quarter of 2023 is developing and prioritizing its prospect inventory in order to execute a multiwell drilling program targeting both primary plays; the Damara Fold Belt and the Karoo Rift Basin, with initial emphasis on the Damara Fold Belt.