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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 Jan 06, 2023 7:40pm
379 Views
Post# 35208190

Namibia-the #2 TOP oil discovery prospect in the whole world

Namibia-the #2 TOP oil discovery prospect in the whole worldFrom OP today:

"
  1. Aurora (Namibia)

The first ever deep-water wildcat drilled in Namibia’s offshore waters produced the largest oil discovery of 2022, with Venus establishing itself as a major find comparable to ExxonMobil’s 2015 Liza discovery. Followed through with Shell’s Graff discovery in an exploration well drilled simultaneously to Venus, the next step will see other producers joining the hype and spudding their wells in other license blocks. A French firm specializing in African upstream operations Maurel & Prom might be opening up another frontier in Namibia, spudding the Aurora wildcat this year – further out in the sea (190 km from Walvis Bay) and in relatively shallower waters (1250 m). Despite the differences, geologically Aurora should be similar to Venus, considering it is located in the license block just above TotalEnergies’ 2913B block, so in case the exploration well does hit commercial volumes of oil, it is going to be big."

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