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Reconnaissance Energy (Africa) Ltd V.RECO

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

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).


TSXV:RECO - Post by User

Comment by hydrocarbsson May 10, 2021 8:55am
498 Views
Post# 33163728

RE:Drill

RE:DrillThis drill has differences from most drilling.

Recaf owns the drill rig- no dayrate to pay.

Purpose of drilling is not to get it done quickly, as with most drilling.

The Company will take whole core, side-wall core and conduct a full logging suite of all zones of interest (conventional targets and source rocks).

The drilling is being watched:  therefore being cautious is probably in the process.

The Minister of Agriculture, Water and Land Reform has assigned a high-level team within his ministry, to which ReconAfrica will keep updated on the project. The committee represents the water resource management, water supply and sanitation, communal land management and agricultural projects departments, within the ministry. ReconAfrica is committed to the adherence of the laws, rules and regulations of Namibia.

Possibility that the workers are not as experienced as those employed on dayrate drill rigs:

ReconAfrica places strong emphasis on hiring locally and nationally whenever possible. To date, ReconAfrica has employed more than 200 Namibian residents in such roles as: electricians; rig floor-hands; project managers; material technical specialists (construction, environment, wildlife surveying, water and hydrology); health, safety and environmental experts; administrative assistants; garden site workers; and general laborers. 


IMO will take a bit longer than an 'ordinary' timeframe. 
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