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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | 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 05, 2022 11:53pm
204 Views
Post# 34804061

Switching from nat gas to ... oil? Yup!

Switching from nat gas to ... oil? Yup!

I see this happening more and more. Yes there are reports of coal plants being kept around but oil is cleaner than coal and I see this being more acceptable. 

But the wild card is how many power plants can be dual powered by oil or natural gas. In my home town they built their own power system back in the 50's that can be powered by either gas or oil. It is still there and kept ready for service but is still far cheaper for them to buy electricity from the grid than generate it locally. But the big question is how many plants are there like this and what is the price points for them to be economically viable to turn on. 

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