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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | 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).


TSXV:RECO - Post by User

Comment by TurnToTheRighton May 14, 2021 5:52pm
495 Views
Post# 33208487

RE:Another way to arrive at a valuation is to use a

RE:Another way to arrive at a valuation is to use aKeep in mind, as RECO delineates the basin, they get a better understanding of which acres are production viable and which are not. So the caveat to that graphic, which I 100% believe the numbers,    is that further delineation will start to determine which acres are pursued for appraisal activities, which acres are abandoned as they are not commercially viable, and which acres (after appraisal) are worth what based on the delineated reservoir information.
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