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.

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Reconnaissance Energy (Africa) Ltd > FWIW ... a few points from today's PR

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Comment by FrankCowperwoodon Aug 31, 2022 6:16am

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Post# 34931597

RE:RE:RE:FWIW ... a few points from today's PR

Sometimes it takes less time to make own due fill and answer the question rather make such a lengthy post.

They have number of permits I.e. Environmental Clearance Certificate, which has been extended by 3 years just in August. If you gonna change "stratigraphic" to "exploration" you have to go through the whole new round of assessment that take even more time and delays actual drilling. This also explains TD.

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