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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 GorgeousGeorge1on Dec 18, 2020 3:36am
304 Views
Post# 32138023

RE:RE:RE:Economic Viability of Kavango Project

RE:RE:RE:Economic Viability of Kavango Project@Nameofthegame while you're on here, would you mind sharing your thoughts on probabilities of success drilling for source rock vs hitting flowing oil? I've been in oil plays before and seen probabilities thrown around, but I've never been in one targeting source rock. I'd assume this gives a greater chance of success in the upcoming 3 drills and then upon finding source rock, the risk is transferred to the farm in partners when they start looking for reservoirs. Is that a fair assessment or am I way off? Comments appreciated!
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