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 > Supermajor interest

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Post by rexdunxon Aug 31, 2022 6:40am

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Post# 34931617

Supermajor interest

If anyone thinks that the supermajors arent watching, think again. They are fully aware of what ReconAfrica is doing in onshore Namibia. Briget Venner of ExxonMobil Exploration Namibia and vice chairperson of Namibia Petroleum Operators Association (NAMPOA) Recent activity highlights the potential for commercial oil and gas developments, she said naming the Kudu gas fiel, both Shell and Total discoveries which are in appraisal, and ReconAfricas onland exploration activities. https://www.erongo.com.na/focus-mining/namibia%E2%80%99s-search-for-oil2022-08-3024445

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