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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

Post by curious14on Feb 02, 2021 9:16am
401 Views
Post# 32445436

News

News

Globe says ReconAfrica consultant Mwiya lashes out

Reconnaissance Energy Africa Ltd (C:RECO)
Shares Issued 109,698,157
Last Close 2/1/2021 $3.89
Tuesday February 2 2021 - In the News

The Globe and Mail reports in its Tuesday edition that a consultant hired by a Canadian oil company in Southern Africa has launched an extraordinary series of attacks on environmentalists, accusing them of "sabotage" and "colonialism" as the company begins drilling in a region near the Okavango Delta. The Globe's Geoffrey York writes that Vancouver-based Reconnaissance Energy Africa (ReconAfrica) hired consultant Dr. Sindila Mwiya to conduct environmental assessments for its oil exploration project in Namibia and Botswana. However, his bitter criticism of activists has led to calls for his removal over his apparent lack of neutrality. The confrontation is a sign of the rising emotions surrounding the oil project. The company has touted the Kavango basin site as potentially one of the world's biggest oil discoveries in decades, and local politicians see it as a source of much-needed jobs and revenue. Many environmentalists worry it could jeopardize biologically sensitive and World Heritage sites. Dr. Mwiya has sent a series of e-mails to environmentalists and local politicians in recent months describing the activists as "messiahs" and "opportunists" who are motivated by greed to "sabotage national development."

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