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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

Comment by Luckboxxon Aug 31, 2020 12:38am
188 Views
Post# 31477903

RE:Couple of thoughts

RE:Couple of thoughts1) All of the action in Namibia in the last decade has been offshore.  This is due to Angola and Brazil offshore discoveries in 2005.  Namibia should be analogous to Brazil or that was the geological theory.  Juniors tried a few wells from 2010-2013 resulting in dusters and the juniors going broke.  HRT's Wingat-1 had oil shows but not commercial.  Exxon is now operating in the area and likely has the past data

2) South America and Africa were once connected so it seems illogical to the geologists that Brazil, Angola, and South Africa have found commercial oil offshore and not Namibia.  The ex-Petrobras geologists who drilled Wingat-1 thought so.  I think it is likely there and Exxon is the first major with the tech and the Wingat-1 knowledge to find it
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