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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 Jul 26, 2023 4:59pm
125 Views
Post# 35558447

News about Namibian corruption

News about Namibian corruptionNamibia had a vibrant free press and relatively efficient government that roots out corruption. Read all about these in the Namibian. I assure you some of the stories seem fanciful but you got to remember this is AFRICA!

See below:

A Chinese man and an Angolan woman were this week arrested for allegedly attempting to bribe an official of the Namibia Revenue Agency (Namra) with N$50 000.

According to Namra spokesperson Steven Ndorokaze, the man was arrested on Monday at Namra’s offices in Windhoek, while the woman was arrested on Tuesday at the offices of the Anti-Corruption Commission (ACC).

“The bribe was intended to influence the release of N$6 million belonging to a trading entity (of which the name is currently withheld), which has been subject to intervention (freezing),” Ndorokaze said.

In an unrelated matter, law-enforcement officers at Walvis Bay on Wednesday arrested a man in connection with fraud, tax evasion, racketeering, and money laundering. The alleged contravention is estimated to 

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