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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 JohnnyDoeon Aug 25, 2021 5:25am
233 Views
Post# 33759833

RE:RE:Infrastructure

RE:RE:Infrastructure
CammerRec wrote:

As to geomanx02's question as to how quickly this field can be commercialized I would guess 3 years to a crash limited basis assuming everything zips along. I base this on the Trans Alaskan Pipeline which alone took 3 years to build under extremely difficult environmental and logistical issues.

Right now in the US alone we have like 100,000 experienced oil industry related workers unemployed or underemployed: 10,000 from the from the canceled Keystone Pipeline, many more from deep water projects stopped, fraking curtailed, pad drilling and other technological innovations, etc. 

Then we have the cost: using the difficult Trans Alaskan Pipeline as the worst example it cost 8 billion in 1970 dollars or about 24 billion in today's dollars five or take a few billion here or there. 

Therefore I will throw a dart on a board and say this field will initially cost at least 20 billion US to achieve initial commercial production.


There's not much similarity in this situation and the trans Atlantic pipeline, you'd be better off comparing it to the recently cancelled Keystone in terms of ease of build and era. You'd also need to consider skilled labour versus labour as i assume local (non skilled) labour is pretty affordable
20 billion sounds awfully high to me. Keystone XL was almost 2,000 kms and the cost pegged at about 10B when it was cancelled
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