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 > Railroad Infrastructure Development Green Lighted

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Comment by pacer001on Apr 19, 2022 12:05pm

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Post# 34613444

RE:Railroad Infrastructure Development Green Lighted

Thanks Sir Richard for this important update.

Now we have known they have been talking about beefing up the port and railways but this seems to be something very firm. Infrastructure improvement is critical to oil development here.

Most curious they mentioned helping mining and agriculture development but no oil except; but maybe indirectly. See below quote:

"The rest (N$220 million) is allocated for the upgrading of an unnamed railway network."

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