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 > right move

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Comment by Angus66on Dec 23, 2022 12:45pm

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Post# 35189798

RE:RE:right move

Agree with the Humboldt Oil comparison. Just like when Imperial kept drilling in central Alberta until they hit a gusher in 1947. You know they are still drilling around here today. Only now they have better tech to lead them in the right direction.
I agree that more siesmic should have happened before drilling. Yes a partner with deep pockets would speed things up. A partner will show up eventually for sure. Just when.
But lets cut them some slack. They are on the other side of the world wildcatting with one rig on unproven land.
Patience is the key here.

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