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).

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Reconnaissance Energy (Africa) Ltd > It’s all offshore !…

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Comment by peterj99on Jul 04, 2024 8:16am

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RE:RE:RE:It’s all offshore !…

from internet Google. worth reading onshore vs offshore 2023 article

https://blog.fenstermaker.com/onshore-vs-offshore-oil-and-gas-drilling/

excerpted

"What Percentage of Oil Is from Offshore?

Because resources are easier to reach on land, onshore drilling methods provide 70% of the world’s oil and gas. Onshore drilling is productive, cost-effective, and economically beneficial for the United States. Offshore oil makes up approximately 30% of the world’s oil, a smaller percentage due to the difficulty in setting up for drilling."

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