Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd

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Post by pacer001on Jul 29, 2023 4:41pm

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Post# 35563360

Russians want in on Namibian oil?

The Russia-Africa Summit just concluded and there has been a lot of glowing press about it and in particular how Russia helped SA and Namibia during the apartpid times. Now they seem to want in with their old allies in Namibia. But one problem: the Chinese are already heavily in Namibia.

Would it not be wonderful for us if the Russians and Chinese got into a bidding war for Recaf?

See below:

"Russian companies have shown interest in Namibia’s natural resources, including the mining and energy sectors."

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