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.

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Reconnaissance Energy (Africa) Ltd > Funds might be used for BOTSWANA drilling

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Comment by hipfneron May 06, 2021 10:00am

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Post# 33139865

RE:Funds might be used for BOTSWANA drilling

The Botswana land is going to be more complicated. Botswana is land-locked, so exports are more complicated. A new set of govt. officials, departments and regulations to figure out.
A new area with environmental and community concerns.

I think that Reco will proceed in that direction, but nothing on the ground until 2022.

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