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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 pacer001on Nov 02, 2022 12:25pm
203 Views
Post# 35066687

Energy activity in Namibia

Energy activity in Namibia

There are a few sites that gather intelligence on energy activities in Africa. A lot of reports on oil work in Angola. Nothing on Namibia.

What there is on Namibia has to do with the Chinese moving heavily and forcefully on lithium in Namibia and surrounding areas particularly Xinfeng Investments which has been on a big buying spree in Africa that has not gone over well with the locals. 

Therefore I can only think they will eventually get around to Recaf and maybe buy it at a nice price!

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