Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.

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Reconnaissance Energy (Africa) Ltd > The Pro and Con Job

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Comment by pacer001on Oct 07, 2022 12:42pm

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Post# 35012559

RE:The Pro and Con Job

The trucking of oil to Walvis is nothing new. In the old Soviet Union European observers were shocked to see oil being trucked in unsealed containers slushing around and over flowing. They still made a lot of money for their oil even though they lost a lot in transit.

Plus let us remember the new Zamibian-Namibian Pipeline is being built and a spur could be built to our oil. Flows in pipelines can be reversed so our oil could flow to Walvis Bay. Also it looks like a Namibian refinery will be soon built.

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Exploration company provides project portfolio update