Company Reports , Features

Unlocking One Of The Last Undeveloped Onshore Oil Basins In The World

21 Jan 2021 | by: Jason Eckerman


The Last Great Onshore Oil Discovery?

The biggest story of 2021 is being completely overlooked.

Thanks to the discovery of government data in the place majors never thought to look, we could soon be talking about the highest impact onshore oil play in the world.

And it’s owned entirely by a junior oil exploration company with a market cap of only $436 million.

Plays like these are almost unheard of at this point in the game, as most of the onshore plays are on their last gasps after being discovered decades ago.

That’s why many of the majors have taken to Africa as the final frontier for oil.

And with production costs just a fraction of what they are in other parts of the world, it’s led to enormous oil booms throughout the continent.

In recent years it’s yielded incredible returns for those lucky enough to strike it rich.

Africa Oil, for example, jumped a massive 379% after their discovery in Kenya.

When it comes to the next up-and-comer, Namibia, majors like Exxon and Shell have been mostly focused on offshore plays though, completely missing the play of the century.

But Reconnaissance Energy Africa Ltd. could be onto the greatest discovery we’ve seen in years.

That’s because the Kavango Basin in Namibia and Botswana covers an incredible 8.5 million acres…

That’s nearly the size of the entire country of Switzerland.

And this junior holds the exclusive rights to this completely untapped basin.

ReconAfrica has already jumped an incredible 714% in just the last 9 months.

But with imminent results of their current drill program, investors are keeping a close eye on their progress.

And it all started when they discovered the Namibian government had aeromagnetic survey data that had not yet been interpreted.

After seeing the incredible potential that the Kavango Basin held, they scooped up exclusive rights to the land before the majors could spot this massive new play.

Wood McKenzie, one of the top business consultancies in oil and gas, is comparing the Kavango to three other major basins around the world.

But they say the closest comparison is to the world-renowned Midland Basin in Texas, valued at an incredible $540 billion.

That could mean incredible news for the small company with the market cap currently sitting around $436 million.

With such great untapped potential, they’ve been able to stack their team with world-class experts like Bill Cathey ahead of a highly anticipated drill program.

Cathey, the renowned new basin expert many of the majors call on, said the data he’s looked at on the Kavango Basin was among the best he’s seen.

And with it measuring at depths of up to 30,000 feet, that would make the Kavango Basin as deep as the Permian Basin in Texas, which is estimated to have produced 46.3 billion barrels of oil.


With this kind of confidence coming from a recognized geophysicist of his stature, ReconAfrica is moving quickly to get the project underway.


Breaking News Approaching?


The amount of potential oil hidden beneath the surface in the Kavango Basin is simply unprecedented.

To get an accurate assessment on just how much they could be sitting on, they’ve added Dan Jarvie to their exploration team.

Jarvie has been called the best geochemist and source rock expert in the world, and having experts of this caliber onboard already speaks volumes about the potential here.

But by his calculations, he’s said the Kavango Basin has likely generated up to 120 billion barrels of oil, which he calls a conservative estimate.

But the most shocking part is that this was based on only 12% of ReconAfrica‘s licence area.

With an additional 88% of the property not included in that already massive estimate, the amount of oil building under the surface could be staggering.


The results of their early data and estimates by world-renowned experts show that this small company could be sitting on the largest untapped onshore oil play in the world.

And their technical team is so sure of what they see lying ahead of them, all members have put “skin in the game” and become shareholders themselves.

Given the potential, analysts are estimating that if they see positive results in their current drill program, they could see a massive spike in their net asset values per share.

Haywood Securities previously set their short-term price target at C$4 per share, but given the great potential they’re seeing, they raised that all the way up to C$7 per share.

It’s no wonder they’re moving so quickly, delivering their oil rig to Namibia late last year in preparation for drilling to start on January 10.

And unlike many other oil plays expecting to deliver results over the next year or two, we could hear major news of the drill program much sooner than that.

They have three drill locations planned in the fully-funded drill program, so there’s sure to be a steady flow of news breaking throughout the coming weeks and months.

Most excitingly, the economics could be incredible.

With only a 5% royalty for any oil they retrieve, that puts rates amongst the lowest in the world, giving this the potential to be an extremely lucrative discovery if results are positive in the weeks to come.

If they recover even 10% of the estimated 120 billion barrels, this could spell major profits as Brent crude prices have jumped back to over $50 per barrel.

The potential at play here is unheard of at a time when most of the world’s oil basins were already on their last gasps decades ago.

With an untapped basin millions of acres in size being controlled by a company with a market cap of just $436 million, this could be the last major onshore oil play.

And with majors like Shell and Exxon active and expanding in the region, a discovery at the Kavango Basin could make ReconAfrica a prime target for partnering or even a potential major acquisition.

But with news set to break, now is the most exciting time for the most well-kept secret in the oil industry.




This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by ReconAfrica to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of two hundred and fifty thousand USD to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.


Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.


This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.


Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.

This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.


The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.


This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.


By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.


By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here and acknowledge that you have reviewed the Disclaimer found here If you do not agree to the Terms of Use, please contact to discontinue receiving future communications.


All trademarks used in this communication are the property of their respective trademark holders. Other than, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than

AUTHORS: VALUETHEMARKETS and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of, has been paid for the production of this piece by the company or companies mentioned above., Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

  • Digitonic Ltd, the owner of, has not been paid for the production of this piece by the company or companies mentioned above.

RNS Responses

What is an alternative investment?

Alternative investments cover everything from venture capital and commodities to stamps, antiques and even whisky. Find out more in our ‘What is..?’ series.

Squarespace IPO: what you need to know

Squarespace $SQSP is heading for a direct listing this month. Does this tech savvy web hosting service look a good long-term investment or a stock to avoid?

Are there any ESG friendly cryptos?

Environmental, Social, and Corporate Governance (ESG) investing is forcing agendas. Will Tesla backing out of accepting Bitcoin hinder crypto’s rise?