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 > Consultant

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Post by hydrocarbsson Jul 14, 2021 4:16pm

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Post# 33543975

Consultant

From the recent PR - Consultants were part of the group that received options.

Was thinking they were consulted. Whoa! What a concept.

About what?

Maybe, RECO personnel have never encountered wells with so many zones?

How does one make a stratigraphic well into a producing well?

Maybe, RECO personnel needed some elephants scouted?

Wonder how big the elephants are in the Kavango Basin?

Whatever it was, people were content to take 800,000 options at C$11.39 each for payment.

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