Reconnaissance Energy Africa Ltd. announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 (PEL 73), onshore northeast Namibia, and a joint venture update. Operations Update: All camp, rig and equipment moves have been completed with all major equipment now on site of the Naingopo exploration well. Third party service contractor teams are either on site or expected to mobilize to the site in the next week ahead of the expected spud date of July 7, 2024.

On Prospect P, debushing and road access activities are ongoing with major civil works including well pad construction expected to commence in the next month. Joint Venture Process Update: The Company continues to progress its farm out joint venture process which the company expects to conclude soon.