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 > INTERVIEW QUESTION

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Comment by Moneycaton May 22, 2021 8:15am

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RE:RE:INTERVIEW QUESTION

Can I ask you about your last sentence on what is not investment grade??.........the actual video itself (Heard with less than optimal hearing - not investment grade.) or the actual wells are not investment grade ??

Your last sentence is very ambiguous !!

hydrocarbss wrote: Yes

Details about the two wells from around 9:30 - 11:50 minutes

Link to zoom interview

Two wells are designed to achieve slightly different objectives.

6-2 drilling into what was thought to be some structure, some faulting to prove up a conventional petroleum system, and prove up a trap and we drilled into that so that the first well achieved those objectives.