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 > New African oil powerhouse?

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Post by pacer001on Jun 03, 2022 3:47pm

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Post# 34730627

New African oil powerhouse?

Where does Namibia and Recaf fit into this new scheme?

From an OP piece on 060322:

"Tullow-Capricorn Merger Creates African Upstream Powerhouse. Tullow Oil (LON:TLW) and Capricorn Energy (LON:CNE), formerly known as Cairn, agreed to merge in an all-stock deal of $830 million, with the new yet-unnamed entity expected to have an output of around 100,000 of boepd. "