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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT

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 CammerRecon Aug 04, 2021 5:40pm
233 Views
Post# 33652021

Fracking - outside the U.S and Canada pretty much ...

Fracking - outside the U.S and Canada pretty much ...

... a failure! 

Let's put aside the political, environmental, and feasibility issues - all major obstacles in their own right.

Fraking has been around in the US for a long time but was not widely employed till the last twenty years or so.

In Poland and other countries it has been pretty much been a big bust. Why? It is more an art form than a science. I think many more wildcatters do better at it than larger corporations. And here is another huge impediment. 

At the turn of the century in lived in Western Michigan where the "sand wars" erupted into violence as sand mining trucks came under gun fire. There were also visicipus court battles - especially pitting GM and others against Ford. Even Stewart Mott, a GM heir was adamantly against sand mining and GM.

At the time no one could really understand why the sand miners and in particular the now absorbed infamous Technisand company would go through so much time, cost, and effort for something as abundant and common such as sand.

Well eventually we discovered it was for fraking! It is of the secret sauces/ingredients for fraking. And here is the kicker - not all sand is created equal! Northern White is in particular demand for molding, fraking, etc. And for some reason I don't understand Saudi sand may not be feasible. 

So I think we can pretty much rule out fraking outside North America at present just on this basis.

ps
Check out Smart Sand (SND) for more info on sand mining.

 

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