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.

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Reconnaissance Energy (Africa) Ltd > right move

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Comment by Angus66on Dec 23, 2022 12:45pm

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Post# 35189798

RE:RE:right move

Agree with the Humboldt Oil comparison. Just like when Imperial kept drilling in central Alberta until they hit a gusher in 1947. You know they are still drilling around here today. Only now they have better tech to lead them in the right direction.
I agree that more siesmic should have happened before drilling. Yes a partner with deep pockets would speed things up. A partner will show up eventually for sure. Just when.
But lets cut them some slack. They are on the other side of the world wildcatting with one rig on unproven land.
Patience is the key here.

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