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 > Shallow drill depth CONTRADICTS a 30,000 feet basin

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Comment by Bpultraon Aug 06, 2021 3:50pm

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Post# 33664660

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shallow drill depth CONTRADICTS a 30,000 feet basin

TurnToTheRight wrote: Nice find Bpultra, and thanks for posting. It's a great, succinct summary of the risks and hopefully puts some minds at ease that there could be many ancillary reasons as to why RECO decided not to drill to the anticipated 12,500 ft - many more reasons than simply not finding the anticipated oil and gas.

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