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).

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Reconnaissance Energy (Africa) Ltd > Yahoo Owambo Basin

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Comment by Burhaanon Jan 04, 2021 1:33pm

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Post# 32216247

RE:Yahoo Owambo Basin

I am familiar with the Owambo Basin play. Hell that failed play emboldened my faith in Recon. The company at the time projected 1.1 billion barrels but failed to get any partners onboard as far as I can remember. Like you said the size/depth is of this basin means that this play is much more likely to be commercially viable probably puts it between Sproule and Jarvie's estimates just of that. Need the price to stay in this range so I can pick up a bit more.

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