ReconAfrica flows gas, potential liquids at Kavango West 1X well

ReconAfrica said second-quarter 2026 results showed continued progress at its KW1X discovery onshore Namibia, where production testing began in the first quarter and downhole testing started in early June. The company said hydrocarbons were successfully flowed to surface from two separate zones and that operations are now moving to an open-hole horizontal production test targeting up to 1,000 metres in the Huttenberg formation. It also said geochemical sampling of surface oil seeps in its Angola MOU area was completed in June with results expected soon, while seismic reprocessing at the Ngulu block offshore Gabon remains on schedule. Financially, ReconAfrica reported receiving $4,965,707 from warrant exercises during the first six months of 2026, a further $594,480 after the quarter ended, a roughly 10% year-to-date reduction in fully diluted share count, and a cash balance of $24.2 million at June 30.

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