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

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Comment by pacer001on Jan 07, 2023 3:00pm

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

Good points Frank. Thanks.

ps
Also off shore is safer and easier. The tankers can just pull up and load up. You don't need massive oil storage facilities, pipelines, workers, etc. Plus the platforms can easily be moved. Also you don't have to worry about the oil being siphoned off like in Nigeria, guerallia attacks, etc. etc.

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