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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 Jul 23, 2023 5:41pm
336 Views
Post# 35553579

Our oil transport by rail

Our oil transport by rail

Ok let us assume all the pr and promises on the new/revamped rail line from Botswana will pan out eventually. But the assumptions are huge.

First the line would have to be massively strengthened to handle the heavy coal and oil shipments. Storage facilities would have to be built and maintained plus oil refinieries in Botswana and by the coast. These alone are a bigger undertaking then the rail issues.

Even Assuming the Namibians can get a few brigades of PLA worker brigades they won't come cheap and will take a few years. Not impossible but improbable in that the world is pulling out of oil. So this is still a very very long shot.



 

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