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

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Post by Hiddensecretson Jun 30, 2021 1:27am

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Post# 33471632

Catalyst Timeline July + Great Truthful Article by Oilprice

The July/August timeline is what is worth watching very closely:

Seismic: The permit is expected any day, with first activity expected in the beginning of July, including the Vertical Seismic Profile of both wells drilled to date.
6-1 Well: completion of drilling (first well took four months, this one, 10 weeks)
6-2 Well: compilation of all technical evaluations from third parties (Core Labs, Schulmberger, GeoMark Research, Netherland Sewell)
Completion of ROE acquisition: Court approval expected in the third or fourth week of July
Site preparation for the third well with drilling expected to start in September

https://oilprice.com/Energy/Crude-Oil/Recon-Africa-The-Truth-About-The-Worlds-Most-Exciting-Oil-Play.html

mpo

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