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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.WT | RECAF

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 26, 2023 4:59pm
128 Views
Post# 35558447

News about Namibian corruption

News about Namibian corruptionNamibia had a vibrant free press and relatively efficient government that roots out corruption. Read all about these in the Namibian. I assure you some of the stories seem fanciful but you got to remember this is AFRICA!

See below:

A Chinese man and an Angolan woman were this week arrested for allegedly attempting to bribe an official of the Namibia Revenue Agency (Namra) with N$50 000.

According to Namra spokesperson Steven Ndorokaze, the man was arrested on Monday at Namra’s offices in Windhoek, while the woman was arrested on Tuesday at the offices of the Anti-Corruption Commission (ACC).

“The bribe was intended to influence the release of N$6 million belonging to a trading entity (of which the name is currently withheld), which has been subject to intervention (freezing),” Ndorokaze said.

In an unrelated matter, law-enforcement officers at Walvis Bay on Wednesday arrested a man in connection with fraud, tax evasion, racketeering, and money laundering. The alleged contravention is estimated to 

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