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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.


TSXV:RECO - Post by User

Comment by Elephantson Sep 19, 2020 4:40pm
405 Views
Post# 31587460

RE:RE:RE:Mines Ministry rubbishes reports that Okavango Delta drillin

RE:RE:RE:Mines Ministry rubbishes reports that Okavango Delta drillin
It does not kill it. This is normal progress. The license would not be applied for until after oil is found. It is in the exploring phase. The point is the government said everything is as it is suppose to be at this point and the writer of that tabloid article didn't fact check any of their bogus claims and doesn't know what they are talking about. Likely it was an attempt to drum up the green donors to make money off some documentary. There is a lot of money to be made in protesting so it is to be expected. The so-called greens don't understand fracking or even care about the environment. If they did, they would put forward meaningful policies to tackle GHG (like taxing end users). Complaining about an industry or upstream taxes rebated to end-users do absolutely nothing to benefit the environment. Sadly, they are more harmful to the environment.
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