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 > The Pro and Con Job

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Comment by pacer001on Oct 07, 2022 12:42pm

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Post# 35012559

RE:The Pro and Con Job

The trucking of oil to Walvis is nothing new. In the old Soviet Union European observers were shocked to see oil being trucked in unsealed containers slushing around and over flowing. They still made a lot of money for their oil even though they lost a lot in transit.

Plus let us remember the new Zamibian-Namibian Pipeline is being built and a spur could be built to our oil. Flows in pipelines can be reversed so our oil could flow to Walvis Bay. Also it looks like a Namibian refinery will be soon built.

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