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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 AUborealison Jul 02, 2021 3:08pm
276 Views
Post# 33485344

RE:2D.

RE:2D. I'm sure they're more than happy to have the data from the 2D even if there was no particular benefit for an oil play.

Namibia has:Uranium :
Rossing Uranium mine
The Rossing Uranium mine, also situated in the Namibian desert, is the fifth largest producer of uranium oxide in the world.

Paladin:  Paladin Energy’s Langer Heinrich Mine in Namibia is a proven tier one asset in the global nuclear fuel energy cycle. The mine is situated in the country’s Namib Desert, 80km east of the major Walvis Bay seaport, placing it within a significant uranium region.  

Gold: B2Gold
https://www.b2gold.com/_resources/projects/Namibia_red-2.jpg

Diamonds: Namdeb, a 50:50 joint venture between De Beers and the government of Namibia, is responsible for diamond mining activities in the country. The company employs approximately 1,600 people, and has contributed more to the national Gross Domestic Product (GDP) than all other mining activities combined. According to Kimberley Process statistics, Namibia produced $914 million worth of rough diamonds last year. Diamond production accounts for approximately 10% of GDP, 40% of export revenue, and 7% of annual government revenue.

https://www.ehudlaniado.com/home/index.php/news/entry/world-diamond-industry-namibia

Copper
The Tschudi mine is located around 20km west of Tsumeb, in the Oshikoto region of Namibia. The mine was developed on an ML125 granted mining licence. The copper deposit is within the Otavi sediments of northern Namibia, which are part of the Damara orogenic belt and mainly made up of sandstone.

3 hours from Rundu and the higway connecting them runs right across RECO's Lease and I daresay part of the soon completed seismic.

We're talking subsurface data folks, that will have the mining industry extremely interested in the first 5000' of data. 

This is nation building stuff right here, right now.



Shirs1 wrote: No way the Namibian Gov puts itself in the center of a potential international environmental sh1tstorm by sanctioning the 2d, unless they are pretty sure they have something that warrants it from the wells.


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