Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd > So at what point does.....

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Comment by Ebenizer3on Apr 15, 2021 9:56pm

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RE:RE:RE:RE:So at what point does.....

since they just recently signed the license for botswana in June, it has an initial 4yr exploration period. Don't think they can start drilling till the 3yr. First 2yrs are desktop geology,eia something like that. Was just thinking if renaissance exercised there option say like tomorrow that might spark a little more interest. Also wondering what ur thoughts on the pressures in this virgin basin. Thanks

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