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Monitor reads the first results on Recon’s 8-2 well

November 11, 2022

Recon announced first results on Makandina 8-2 well, with predominantly gaseous hydrocarbons, clearly reinforce the thesis that the oil found in their first two wells was not sourced from the relatively small Karoo Rift Basin in this eastern area but from the deeper Owambo basin. This was also  demonstrated by the oil shows in the pre-Karoo formations of Recon’s 6-2 well. 

Recon’s own view is now aligned with our own, i.e. that the centre of the basin is to the south and west where Monitor’s blocks lie and that this basin contains as they themselves now say: “anticlinal structures potentially hundreds of square kilometres in size, a significant portion of which could be under four-way dip closure”… 

Monitor-MEL-take-on-8-2-well-Recon-seismic-line-from-SW-of-their-acreage-in-Owambo-basin-20221109


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The risked value of discovery EMV US$333mm.

The unrisked is ~ US$2 Billion

MEL enjoys a favourable logistics position

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Andrew Shrager

  • Managing Director
  • +44 7802 252722
  • andrew.shrager@monitorexploration.com

Christopher Baxter

  • Chairman
  • +44 7908 049445
  • chris.baxter@monitorexploration.com

Robin Sutherland

  • Exploration Director
  • +27 82 447 2869
  • robin.sutherland@monitorexploration.com

Jonathan Bedford

  • Technical Director
  • +44 7593 503909
  • jonathanbedford@btinternet.com

Elisa Ugrinova

  • Administration
  • +39 333 6398303
  • elisa.ugrinova@monitorexploration.com

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