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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

Comment by therageron Apr 07, 2021 9:05am
372 Views
Post# 32948020

RE:Well

RE:WellRHertig..I think you are missing the point and are not recognizing how big this news release is. They have found "evidence of a functional hydrocarbon system".  That was the primary goal of this stratigraphic well.  Hopefully Haywood puts out a note today with their take on the news.  Also, you do not continue to attract top talent and expand the organizational chart without a high level of conviction that you have economic oil. Further, you don't bring on a petroleum geologist at this stage of exploration unless you are 100% confident that you have an active petroleum system!! 


Also, joining the Company is Geoff Anderson, a petroleum geologist with over 17 years of experience in exploration and development geology, and petroleum economics. He has an MBA in Energy Leadership and is skilled in economic evaluation modeling and project development.
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