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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

Comment by jwa444on Dec 22, 2022 11:59am
178 Views
Post# 35187273

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A new page?Highly informative article on this new technology as applied in Egypt.  This should be encouraging for anyone with the patience to hold their stock for another 6 months. Keep in mind this new process will cover less than 10% of Recon's total license area.  Application of eFTG can be useful in the other 90%, and doing so should come up with valuable targets.  Not sure what this costs, but in combination with seismic it should find any commercial quantities of oil if it's there.  I'm still all in and happy with management's approach.

eFTG Reduces Hydrocarbon Exploration Risk in Egypt – GeoExpro
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