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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Post by curious14on Feb 02, 2021 9:16am
410 Views
Post# 32445436

News

News

Globe says ReconAfrica consultant Mwiya lashes out

Reconnaissance Energy Africa Ltd (C:RECO)
Shares Issued 109,698,157
Last Close 2/1/2021 $3.89
Tuesday February 2 2021 - In the News

The Globe and Mail reports in its Tuesday edition that a consultant hired by a Canadian oil company in Southern Africa has launched an extraordinary series of attacks on environmentalists, accusing them of "sabotage" and "colonialism" as the company begins drilling in a region near the Okavango Delta. The Globe's Geoffrey York writes that Vancouver-based Reconnaissance Energy Africa (ReconAfrica) hired consultant Dr. Sindila Mwiya to conduct environmental assessments for its oil exploration project in Namibia and Botswana. However, his bitter criticism of activists has led to calls for his removal over his apparent lack of neutrality. The confrontation is a sign of the rising emotions surrounding the oil project. The company has touted the Kavango basin site as potentially one of the world's biggest oil discoveries in decades, and local politicians see it as a source of much-needed jobs and revenue. Many environmentalists worry it could jeopardize biologically sensitive and World Heritage sites. Dr. Mwiya has sent a series of e-mails to environmentalists and local politicians in recent months describing the activists as "messiahs" and "opportunists" who are motivated by greed to "sabotage national development."

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