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Reconnaissance Energy (Africa) Ltd V.RECO

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

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

Comment by peterj99on Jan 10, 2025 11:59am
107 Views
Post# 36398165

RE:RE:RE:RE:RE:RE:cry babies

RE:RE:RE:RE:RE:RE:cry babies
How can you be so certain?
 
Not all geologists are created equal.
Think for yourself.
 
from a web search
 
"Yes, there is potential for petroleum in the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert. 
The Canadian oil and gas company ReconAfrica is exploring the area for oil and natural gas. 
Evidence of petroleum
Gas seeps: ReconAfrica has found active gas seeps that contain thermogenic hydrocarbons, which are part of an active petroleum system 
Core samples: Core samples from drilled wells have shown liquid hydrocarbons 
Seismic data: Seismic data has identified carbonate reservoir rocks with oil shows 
Geochemical data: Geochemical data has shown the potential for large oil and natural gas accumulations 
Exploration
ReconAfrica has drilled test wells in the area 
ReconAfrica has plans to drill more wells in the area 
ReconAfrica has identified multiple oil and natural gas reservoirs in the area 
Challenges 
There is no certainty that any of the resources will be discovered
There is no certainty that any discovered resources will be commercially viable"
 
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