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ReconAfrica is a Canadian oil and gas company engaged in the exploration and appraisal of Petroleum Exploration Licence 73 ("PEL 73") in northeastern Namibia and Petroleum Exploration Licence 001 ("PEL 001"), in northwestern Botswana. The Company holds petroleum licences comprising over 8 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. An independent NI 51-101 compliant report prepared by Netherland, Sewell & Associates, Inc. ("NSAI") dated July 26, 2024, with an effective date of March 31, 2024, highlighted 3.4 billion barrels of unrisked prospective oil resources in the Damara Fold Belt play type from 19 prospects on a 100% working interest basis, and 0.5 billion barrels of unrisked prospective oil resources in the Kavango Rift Basin play type from 6 prospects on a 100% working interest basis.