Our Neighbour Confirms Working Petroleum System
15 April 2021
MEL notes that Recon Africa has announced that the results of its first stratigraphic well results for its licence area onshore in the North East of Namibia have established clear evidence of the presence of a conventional working petroleum system in the Kavango basin.
“The well sample log…provides over 200 meters (over 660 feet) of oil and natural gas indicators/shows over three discrete intervals in a stacked sequence of reservoir and source rock… The intervals penetrated include highly porous, permeable sediments, marine source rocks… and an extensive marine carbonate lithofacies. Mud gas results indicate a high BTU gas with the presence of light oil.“
MEL’s onshore blocks 1717 and 1817 in the North of Namibia are to the west of the Recon Africa licence area. Significant geophysical studies have been undertaken on our blocks, including Remote Sensing, Passive Seismic and Geochem (all direct hydrocarbon
indicators), which have been integrated with conventional seismic over key areas of interest.
On the basis of these studies, we are confident that the play identified by Recon Africa, as being charged with a petroleum system, extends westwards over to our blocks. With the benefit of the direct hydrocarbon indicators and the structures identified by the conventional seismic over the key areas, we have already established substantial hydrocarbon resources.
Encouraged by Recon Africa’s first well, MEL intends to move forward with our own programme, which will include some additional surveys and
planning for a first conventional well.
We have approached a number of potential partners, but may alternatively seek a Public Listing in our own right.
