RECONAFRICA AND RESPONDENTS WIN COMPLAINT HEARING, HIGH COURT OF NAMIBIA DISMISSES APPLICATION FOR INTERDICT

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.

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. 

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.

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.