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 > When the Bough Breaks

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Comment by CammerRecon Oct 29, 2021 12:51am

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Post# 34061881

RE:RE:When the Bough Breaks

As to Namibians only getting 10% and Recaf 90% I am sure this is just a smart move on Recaf's part to get better deals. Realistically, looking at other situations, there will be other partners that we need and they will need pieces of the pie and we will have the bulk of it.

Also it will help the Namibian politicians out with their constitutioncies as they clamber for a bigger share and will appear to be "champions of the people".

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