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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

Post by Hotshot85on Jul 06, 2021 9:50am
208 Views
Post# 33498367

Press Release coming soon

Press Release coming soonI'm interested to see what all is going to be in this press release. If it is only news regarding 6-1 completion of drilling and conversation around total metreage of source rock we may not see the type of jump everyone is hoping for. That said, if we get that info combined with a detailed independant report regarding what was found in 6-2, we should see that shoot way up if findings are corroborated. In my Opinion this is the catalyst that EVERYONE is waiting for.  

after that's it's will the seismic show linkage between the two wells and can we find any traps. still a llong way to go but the potential is enourmous and the news cycle is happening fast. 
GLTA

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