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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 jwa444on May 06, 2021 1:14pm
237 Views
Post# 33141667

RE:RE:Funds might be used for BOTSWANA drilling

RE:RE:Funds might be used for BOTSWANA drillingI disagree with hipfner.  Botswana is in the same state of relative poverty as Namibia.  The Botswana government is not going to stand by for the next year and play second fiddle to a Namibian development program.  If Recon is as smart as I think they are, they will spend part of their cash horde on another rig and get it rerofitted and enroute to Botswana.  That may not get us a Botswana well until early 2022, but having that part of the project in progress would further cement the relationship with Botswana govt. officials and eliminate most of the "complications".  Exports shouldn't be a problem.  Botswana will need a sizeable tank battery near the Namibian border, from which they can truck thru Namibia to the same railhead at Grootfontein enroute to Walvis Bay.
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