Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECWF | RECAF | V.RECO.W.A

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

Reconnaissance Energy (Africa) Ltd

<< Previous

Bullboard Posts

Next >>

Post by jimgeorgeon Jan 20, 2022 2:26pm

297 Views

Post# 34338582

Drilling schedule

The press release says:

A more detailed drilling schedule for H1 2022 will be provided as soon as all permits are approved by the Namibian government.

I read this as saying the the new well locations will be picked after the second phase of 2D seismic is shot and interpreted, as the "permits" they are waiting on are most likely the seismic approvals. This would imply no news on new wells till mid year at the earliest.

<< Previous

Bullboard Posts

Next >>

Pembina reportedly in talks with Sinopec on LNG offtake agreement