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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

Comment by Ebenizer3on Aug 13, 2021 9:19am
157 Views
Post# 33699876

RE:RE:Deepoil

RE:RE:Deepoilnext door? the st-1 is 3 blocks over and 230 miles west. The block next to reco is called owambo deep and is separated by structural high. And is kinda interesting, but has never been drilled. Over by the st-1 in the estosha pan the deepest well is 9500ft. It was the 6-2 well that was stopped because of increasing faults not the 6-1, and by the way having those faults present is a good thing. Drilling in a virgin basin u can't expect them to be drilling balls to the wall in a unknown basin. Again proof of source rock is oil shows. Management didn't anticipate that shareholders needed an explanation for every jot and tittle, but they know now everything they do is under the microscope. If you don't like how there running things u shouldn't be in any exploration play. Stop cherry picking the facts and get used to general and vague info until they announce a discovery. Good day
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