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ReconAfrica

(TSXV:RECO | OTCQX:RECAF | FRA:0XD)

Reconnaissance Energy Africa is a junior oil and gas company opening up its 100%-owned, newly-discovered deep Kavango Sedimentary Basin in northeastern Namibia and northwestern Botswana.

ReconAfrica holds multi-year exploration licenses covering 8.75 million contiguous acres over the entire Basin, and will be awarded 25-year production licenses if it makes a commercial discovery.

The company will kick off work in the ground in December 2020 when it launches a fully-funded, three-well drilling programme using a rig purchased in full in February 2020.

Through its drilling, the firm hopes to prove that an active petroleum system runs through the Kavango Basin, a transformation milestone that will de-risk the project significantly.

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