VANCOUVER, BC, Aug. 2, 2022
/CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or
"ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) reports that, following a
hearing in connection with a recent application (the "Application")
filed by certain third party applicants (the "Applicants") with the
High Court of Namibia (Main
Division) (the "Court") challenging the recent amendments to the
Company's Environmental Compliance Certificate (the "ECC
Amendments") that were approved by the Environmental Commissioner
of the Namibian Ministry of Environment, Forestry, and Tourism, the
Court has issued its decision on the Applicants request for an
order from the Court for an interim interdict (the "Interim
Interdict") to restrain the Company from continuing any oil and gas
exploration activities which have been authorized by the ECC
Amendments issued by the Environmental Commissioner.
![Recon Africa Logo (CNW Group/Reconnaissance Energy Africa Ltd.) Recon Africa Logo (CNW Group/Reconnaissance Energy Africa Ltd.)](https://mma.prnewswire.com/media/1870848/RECON_LOGO_COLOUR_USE_READY.jpg)
The Court dismissed the Application by the Applicants for the
Interim Interdict. The Court ordered that the Applicants pay the
legal costs of the Company and the other respondents related to the
Application.
The Company has taken and will take all steps to oppose efforts
by the Applicants to appeal the ECC Amendments approved by the
Environment Commissioner.
The Company is continuing with the oil and gas exploration
activities which have been authorized by the ECC Amendments,
including the drilling of the Company's 8-2 well.
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the
opening of the newly discovered deep Kavango Sedimentary Basin, in
the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum
licences comprising approximately 8.5 million contiguous acres. In
all aspects of its operations, ReconAfrica is committed to minimal
disturbance of habitat, in line with best international standards,
and will implement environmental and social best practices in all
of its project areas.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding
Forward-Looking Statements:
Certain statements contained in this press release constitute
forward-looking information under applicable Canadian, United States and other applicable securities
laws, rules and regulations, including, without limitation,
statements with respect to the Company's intention to oppose
efforts by the Applicants to appeal the ECC Amendments approved by
the Environment Commissioner, the Company providing further updates
on any such appeal, including whether the any appeal may be
successful despite the Company's efforts to oppose, and the
Company's commitment to minimal disturbances in line with
international best standards and its implementation of
environmental and social best practices in all of its project
areas. These statements relate to future events or future
performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on ReconAfrica's current belief or
assumptions as to the outcome and timing of such future events.
There can be no assurance that such statements will prove to be
accurate, as the Company's actual results and future events could
differ materially from those anticipated in these forward-looking
statements as a result of the factors discussed in the "Risk
Factors" section in the Company's amended and restated annual
information form dated May 19, 2021,
available under the Company's profile at www.sedar.com. Actual
future results may differ materially. Various assumptions or
factors are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking information.
Those assumptions and factors are based on information currently
available to ReconAfrica. The forward-looking information contained
in this release is made as of the date hereof and ReconAfrica
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
SOURCE Reconnaissance Energy Africa Ltd.