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

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Post by pacer001on Jul 16, 2023 1:54pm

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Post# 35543255

Still want to invest in Namibia?

Trigon Metals want you! See below:

“Canadian company Trigon Metals, which has operations in Namibia and Morocco, is raising funds for further mineral exploration at its Namibian projects.

According to Trigon’s chief executive officer, Jed Richardson, the company closed its previously announced private placement offering of units after which it issued 25 million units at a price of US$0,20 per unit for gross proceeds of US$5 million (about N$100 million) in total."

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