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The newly acquired assets are actively being developed by leading operators, including Chevron and Civitas, who collectively account for more than half the wells spud in 2024. The high-quality operator footprint enhances production visibility and long-term value creation. billion in capital since its launch in 2020.
We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) (NSX: REC) announces a drilling update on Prospect I.
For example: Ovintiv Canada ULC holds 93 permits from 2024 alone with no recorded drilling activity. Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. The result? PETRONAS Energy Canada Ltd. Whats Driving the Delay? Whats Driving the Delay?
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