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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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.


TSXV:RECO - Post by User

Reconnaissance Energy (Africa) Ltd > South Africa op-ed
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Comment by FrackEmAllon Sep 18, 2020 3:00pm
186 Views
Post# 31582651

RE:South Africa op-ed

RE:South Africa op-ed
Psychdoc wrote:

https://www.energyvoice.com/oilandgas/africa/266293/reconafrica-namibia-fracking-environmentalists/?fbclid=IwAR3ccsHTHX76FHytmJ3qs5spFis7LZOUlERBIUhpy7CsTAg7ZkBmJfoky94


anyone's thoughts on this? They are saying Recon doesn't have proper documentation and plans on hydraulic fracking with environmental concerns 



A very similar process is playing out with Sintana (V.SEI) in Colombia.   Fracking is very polarizing and tends to draw the greenies in droves.  As a long term investor in Sintana, I can say be prepared for a lot of this and a lot of misleading information.  Don't pay much attention to editorials but look closely at official communications.  My decision to stick with that play is based on the significance of the play to the country of Colombia and from what I see here, the significance of Reco's play to Namibia is even greater.  Assuming everything goes well, there will be offramps before fracking so you'll have to decide where your risk tolerance and patience levels are.
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