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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > A new page?
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Comment by jwa444on Dec 22, 2022 11:59am
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Post# 35187273

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A new page?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A new page?Highly informative article on this new technology as applied in Egypt.  This should be encouraging for anyone with the patience to hold their stock for another 6 months. Keep in mind this new process will cover less than 10% of Recon's total license area.  Application of eFTG can be useful in the other 90%, and doing so should come up with valuable targets.  Not sure what this costs, but in combination with seismic it should find any commercial quantities of oil if it's there.  I'm still all in and happy with management's approach.

eFTG Reduces Hydrocarbon Exploration Risk in Egypt – GeoExpro
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