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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 Oregonduckon Aug 16, 2022 11:16am
312 Views
Post# 34899398

Code Words for No Oil on 8-2 well

Code Words for No Oil on 8-2 wellIR statement below from another Chat Room. Reco is preparing to do more seismic work and looks to be changing their drilling focus away from the next three sites.

JV is just a pipe dream to string investors along - line, hook and bait.


"we will press release when we have started for the formal JV process, which is still on track for this quarter" also, the next well isn't limited to the other 3 locations called out in the last PR. a number of factors go into the next well location but it's possible the 2nd round of seismic changes the targets / order

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