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 > A new page?

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Comment by JohnnyDoeon Dec 21, 2022 6:04pm

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Post# 35185895

RE:RE:RE:RE:RE:RE:A new page?

pacer001 wrote: Thanks Rex. Did not know. I thought these aerial surveys were over.

It's a new technology. They've been waiting for some time for the permits to use the technology in country. Apparently that plane took off, buzzed around and returned to the airport this week. That has longs thinking that the permits are received and that the acquisition of new data is imminent. My understanding is that this tech compliments that 2D seismic data and should enable the company to zero in on potential traps

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