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

Reconnaissance Energy (Africa) Ltd > Dead Stock

<< Previous

Bullboard Posts

Next >>

Comment by pacer001on May 21, 2023 2:48pm

99 Views

Post# 35458528

RE:Dead Stock

Drilling? Why are they still trying?
Let us say there might be a "gusher" out there. What are the odds that they would hit it in a few drills. I will tell you: very slim to none!

For the Alaskan find they were drilling dozens of holes like for two years. It cost HUMBOLDT OIL a fortune and they got lucky in the nick of time. Recaf has nowhere near the resources Humboldt and those folks had plus not the patient vendors!

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle