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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

Post by pacer001on Jan 06, 2023 7:40pm
356 Views
Post# 35208190

Namibia-the #2 TOP oil discovery prospect in the whole world

Namibia-the #2 TOP oil discovery prospect in the whole worldFrom OP today:

"
  1. Aurora (Namibia)

The first ever deep-water wildcat drilled in Namibia’s offshore waters produced the largest oil discovery of 2022, with Venus establishing itself as a major find comparable to ExxonMobil’s 2015 Liza discovery. Followed through with Shell’s Graff discovery in an exploration well drilled simultaneously to Venus, the next step will see other producers joining the hype and spudding their wells in other license blocks. A French firm specializing in African upstream operations Maurel & Prom might be opening up another frontier in Namibia, spudding the Aurora wildcat this year – further out in the sea (190 km from Walvis Bay) and in relatively shallower waters (1250 m). Despite the differences, geologically Aurora should be similar to Venus, considering it is located in the license block just above TotalEnergies’ 2913B block, so in case the exploration well does hit commercial volumes of oil, it is going to be big."

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