ReconAfrica is a Canadian-based oil and natural gas exploration company working collaboratively with the national governments of Namibia and Botswana to explore the oil and natural gas potential of the Kavango Basin where the company holds over 8.0 million acres of land and has confirmed a working petroleum system from three stratigraphic test wells. The company has acquired 2,767 km of 2D seismic and 5,000 km2 of airborne enhanced full tensor gradiometry (“eFTG”), over the past two years and is going through a farm out joint venture process with the goal of executing a multi-well drilling program in 2024 and 2025.