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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 doggiestyleon Jun 04, 2021 12:59pm
357 Views
Post# 33330551

RE:How far between 6.2 now to 6.1 ??

RE:How far between 6.2 now to 6.1 ??I will take a crack at answering this based on what I read (although I am not in the Oil business so this is very much in laymens terms).  The chance that hydrocarbons exist across the whole sub basin is very high (in fact likely now based on their latest findings/news release from 6-1) but what they are looking for next will be the structures with a cap that will produce the right conditions for large pools of oil that can be drilled and produced - commercially and conventially. They are very likely to exist given the amount of faulting and porosity in these sub basins but can not likely be found without Seismic. THIS IS THE NEXT key to unlocking the basin.  

 
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