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 > Updated Investor Presentation

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Comment by Goaweighon Apr 23, 2021 1:05pm

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RE:RE:Updated Investor Presentation

Notice that they've used the word " ongoing " when referring to both drilling and seismic which would imply that seismic is being conducted now, would it not ?
If so that would be significant because, unless I'm wrong, it might allow them to change the location of 6-3 if they find a structure that is screaming out to them and they find it before being fully commited to 6-3.
Unless they are fully committed to 6-3 already and can't change now regardless of what they find.
Any thoughts on that ?

therager wrote: All you need to know from updated investor deck:

Catalyst-rich near term

First well confirmed active petroleum system, exceeding pre-drill expectations

Two more wells plus 450km 2D Seismic survey ongoing throughout 2021

Significant partnering potential