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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 hydrocarbsson Mar 03, 2022 7:18am
205 Views
Post# 34478086

QatarEnergy cooperation agreement with Namibia’s NAMCOR E&P

QatarEnergy cooperation agreement with Namibia’s NAMCOR E&PQatarEnergy signed a "cooperation agreement" with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).
The agreement provides the framework for cooperation between QatarEnergy and NAMCOR E&P to support and develop a sustainable upstream oil and gas sector in Namibia, including the provision of opportunities for the training and development of NAMCOR employees in industry-based skills.
HE the Minister of State for Energy Affairs, Saad Sherida al-Kaabi, also the President & CEO of QatarEnergy, and Tom Alweendo, Namibia’s Minister of Mines and Energy witnessed the signing event, which took place in Doha.
The agreement was signed by Immanuel Mulunga, managing director, NAMCOR and Khalid Mohammed al-Hitmi, executive vice president (Subsurface Development & Exploration) at QatarEnergy.
Pursuant to the terms of the agreement, the two companies also agreed to work together on investment opportunities of mutual interest in Namibia’s upstream oil and gas sector.
NAMCOR E&P is a subsidiary of the national oil company of the Republic of Namibia, operating with a mission of creating value to all its stakeholders across the oil and gas value chain, including with license interests and oversight of the upstream oil and gas sector.

I believe RECAF is upstream.  
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