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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 Psychdocon Sep 23, 2020 11:50pm
471 Views
Post# 31609577

RE:This is more of a concern

RE:This is more of a concernI emailed Reco about these claims and this is what Doug Allen sent back. It is reassuring. 

"Further to your question below as you may have also seen, the Namibian Ministry of Environment, Forestry and Tourism issued a statement on Friday (attached to this email) confirming that in fact our Environmental Impact Assessment was approved by the Ministry, and ReconAfrica was in fact issued an Environmental Clearance Certificate(ECC) in August 2019, for our upcoming exploratory drilling program. The issuance of the ECC followed a stakeholder consultation process in Spring 2019. 
So we do in fact have the permit to proceed with the drilling campaign that is set to spud in December. 
 
In terms of our approach to permitting and community engagement, I note the following: 
·       We have and will continue to actively engage with the local communities in which we operate
o   We have a strong local hire and local training policy
·       We always have strict adherence to regulations and to environmental best practice
o   We plan no drilling in environmentally sensitive areas
o   Local ecosystems will be protected
 
In addition we have just posted a FAQ sub-tab on our website (here) that you may find useful."
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