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 > court case

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Comment by Oregonduckon Jun 07, 2023 12:21pm

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Post# 35484589

RE:court case

cyrustg wrote: Apologies . Should have read JUNE 5 - the Namibian court ruling on costs incurred by recon when they won the nuissance law suit and sued for their costs.

Ciao

In the US and Canada, the losing party in a lawsuit has to pay the successful party's court costs but not attorney or lawyer fees. As for contingency arrangement such as Class Action, all legal fees will be borne by the lawyers. Namibia is like UK, the losing party is liable to pay the lawyer's fees and costs of the other party. This rule discourages frivolous lawsuits.

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