Friday, January 8, 2021
ReconAfrica announced that together with the Government of Botswana, it has amended its Exploration License 001/2020 area in the Kavango sedimentary basin, in order to protect the Tsodilo Hills region, located in north-west Botswana near the Namibian Border, a UNESCO World Heritage Site.
In a statement, the company stated, “To this regard, ReconAfrica and the Government of Botswana began a process in October of 2020 to address this important issue. As a direct result of their collaborative process, the Republic of Botswana has now issued an updated License to ReconAfrica excluding ReconAfrica’s entire Core and Buffer areas of the Tsodilo Hills. The License area is now 8,990 sq km versus the previous 9,921 sq km. ReconAfrica is pleased with this preferred structure as the Company has never had plans for operations in the Tsodilo Hills area. ReconAfrica follows strict environment, social and governance protocols.
“ReconAfrica is committed to establishing operational transparency and working with all local and national stakeholders. In all aspects of its operations, ReconAfrica is committed to minimal disturbances in line with international best standards and will implement environmental and social best practices in all of its project areas.”
In related news, Wood Mackenzie, has released a report on analogous subsurface basins to the Kavango Basin. The study detailed three world-class basins of similar age and/or tectonic origin; the Midland-Permian Basin (Texas), the Southern North Sea Basin, and the Doba Basin in Chad (Africa). The report demonstrates how the Kavango Basin is analogous to all three, but particularly to the sizable Midland Basin. This basin is of the same age (Permian) as the Kavango and has produced from low-cost conventional reservoirs since the 1930’s, the same targets ReconAfrica is pursuing.