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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 therageron Apr 07, 2021 9:05am
357 Views
Post# 32948020

RE:Well

RE:WellRHertig..I think you are missing the point and are not recognizing how big this news release is. They have found "evidence of a functional hydrocarbon system".  That was the primary goal of this stratigraphic well.  Hopefully Haywood puts out a note today with their take on the news.  Also, you do not continue to attract top talent and expand the organizational chart without a high level of conviction that you have economic oil. Further, you don't bring on a petroleum geologist at this stage of exploration unless you are 100% confident that you have an active petroleum system!! 


Also, joining the Company is Geoff Anderson, a petroleum geologist with over 17 years of experience in exploration and development geology, and petroleum economics. He has an MBA in Energy Leadership and is skilled in economic evaluation modeling and project development.
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