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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 peterj99on Aug 05, 2021 11:00am
309 Views
Post# 33654629

Insight

Insight

from Google

The well is the centerpiece of the Drake Well Museum located 3 miles (5 km) south of Titusville. Drilled by Edwin Drake in 1859, along the banks of Oil Creek, it is the first commercial oil well in the United States”

 

Before they drilled that oil well, they did extensive aeromag surveys and even more extensive ground seismic

What is so unusual is the aeromag is what gave the Wright brothers the idea that planes, even though heavier than most air, could actually fly


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