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Reconnaissance Energy (Africa) Ltd V.RECO

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

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).


TSXV:RECO - Post by User

Post by fredo1on Dec 17, 2020 6:17pm
646 Views
Post# 32136593

Economic Viability of Kavango Project

Economic Viability of Kavango ProjectI have posted elsewhere that this project is not economically viable at current (then $44) oil prices IF horizonal drilling is required. Management has now said pubically that no horizontal completions are being contemplated. I take this as an admission that only vertical wells will be economic and even then flow rates and EUR's per well need to be healthy. Of course, all of this is moot at $65 or better oil price.
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