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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 Dec 22, 2022 12:24pm
176 Views
Post# 35187343

The latest pr release

The latest pr release

What I have learned over the years is that when you are on the cutting edge of new tech you will get cut and be bleeding!

A key point below:

"Shiraz Dhanani, ReconAfrica's chief geophysicist stated; "eFTG is a relatively new technology and preliminary modelling of the area together with its recent successes in East and West African rift basins, gives us high confidence that the eFTG technology will help delineate the Kavango Basin and its associated hydrocarbon prospects."
 

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