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 > INTERVIEW QUESTION

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Comment by Moneycaton May 22, 2021 8:15am

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RE:RE:INTERVIEW QUESTION

Can I ask you about your last sentence on what is not investment grade??.........the actual video itself (Heard with less than optimal hearing - not investment grade.) or the actual wells are not investment grade ??

Your last sentence is very ambiguous !!

hydrocarbss wrote: Yes

Details about the two wells from around 9:30 - 11:50 minutes

Link to zoom interview

Two wells are designed to achieve slightly different objectives.

6-2 drilling into what was thought to be some structure, some faulting to prove up a conventional petroleum system, and prove up a trap and we drilled into that so that the first well achieved those objectives.