Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.

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Reconnaissance Energy (Africa) Ltd > Geological COS and chance of development risk

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Comment by Hiddensecretson Sep 13, 2020 7:31pm

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Post# 31550631

RE:Geological COS and chance of development risk

It means that Sproule will have to adjust his report MATERIALLY upwards when RECO.V confirms to them that the basin has a petroleum system in place. Report upgrade in January 2021.

Jarvies stated that the key is rock source and, RECO.V has this source rock.

Jarvies stated that if you do not analyze the rock source then you will miss the discovery. This is what Sproule has not done.

MPO

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