WWW.EAGE.ORG

Petroleum geology and potential of Karoo related

rift basins, NE Namibia and NW BotswanaScot Evans

CEO ReconAfrica

EAGE Global Hotspots: Southern Africa 17-18 February 2021

Online

RECO : TSXV ; RECAF : OTCQXRECO : TSXV ; RECAF : OTCQX

Newly Discovered Kavango Basin in Namibia & Botswana

➢ 8.5 MM acres covers the entire basin

➢ Potentially one of the largest onshore undeveloped hydrocarbon basins in the world

➢ Stable governments• Licence Contracts

➢ Successful Technical Team • In depth knowledge of the basin

➢ Catalyst-rich near term• Drilling program underway to confirm active petroleum system

2

RECO : TSXV ; RECAF : OTCQXRECO : TSXV ; RECAF : OTCQX

ReconAfrica Acreage location

NAMIBIA

PINK AND ORANGE AREAS:

crystalline basement in outcrop

YELLOW AREAS:

Sedimentary Basins

ReconAfricaPetroleum Exploration

Licences

BOTSWANA

3

EXXONMOBIL

TULLOW

GALP

TOTAL

SHELL

RECO : TSXV ; RECAF : OTCQXRECO : TSXV ; RECAF : OTCQX

Permian-Triassic Karoo supergroup

4

Granath, Dickson, Wanke, and Odegarde, PESGB HGS Joint Africa Session 2020

RECO : TSXV ; RECAF : OTCQX

Southern Africa Tectonic Elements

• Scot Evans, CEO - ReconAfrica

5

Granath, Dickson, Wanke, and Odegarde, PESGB HGS Joint Africa Session 2020

RECO : TSXV ; RECAF : OTCQX

Depth to Basement250m Contour Interval

Eastern Owambo and Kavango Basin Depth to Basement

6

RECO : TSXV ; RECAF : OTCQXRECO : TSXV ; RECAF : OTCQX

Crustal scale Profile NE Namibia NW Botswana

ST-1

7

RECO : TSXV ; RECAF : OTCQXRECO : TSXV ; RECAF : OTCQX

Paleogeographic Karoo (Ecca) setting

8

RECO : TSXV ; RECAF : OTCQX

Average TOC at high conversion: 3.81%Utilizing a Hydrogen Index of 358 mg/g,Average restored TOC: 5.44%

Difference in TOC is 1.63% or converted to petroleum 460 boe/af

At only 100 ft of source rock thickness, this is 29.5 mmboe/section

WHITEHILL, KAROO BASIN, SOUTH AFRICA

8.1

2.2

6.0

1.5

3.5

1.8

11.6

2.9

8.6

2.1

5.0

2.5

9

RECO : TSXV ; RECAF : OTCQX

ST-1 Well, Owambo Basin, Onshore Namibia

ST-1

wellcore

samples

1301 m

1489 m

1539 m1000 m

2000 m

All Restricted Marine or Lacustrine

10

RECO : TSXV ; RECAF : OTCQX

Source Rock Geochemistry Estimated Petroleum Generation:

* Source – Daniel Jarvie, Worldwide Geochemistry LLC.

11

RECO : TSXV ; RECAF : OTCQX

Play Maps Deep Kavango Basin

12

RECO : TSXV ; RECAF : OTCQX

Conclusions

13 Granath, Dickson, Wanke, and Odegarde, PESGB HGS Joint Africa Session 2020