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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | 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 hydrocarbsson Apr 27, 2021 9:38am
336 Views
Post# 33073405

Finding a comparable O&G

Finding a comparable O&GO&G - being the majority of their business.

Biggest one - CNQ

Couple of data points: 

Proved Oil and NGL's - 10.5 Billion barrels
                                        
Proved NGas - 9,465 BFCs

Total Proved and Probable BOEs -  15.9 Billion

Market Cap - $35.4 Billion

CNQ in their production mix is tar sands - very heavy crude - low value - approx 30% of production.

RECAF has potential for much higher quality crude. 




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