Reconnaissance Energy Africa Ltd. (RECO)

Overview

Reconnaissance Energy Africa Ltd. operates as a junior oil and gas company primarily focused on the exploration and development of oil and gas resources in Namibia and Botswana. The company, strategically headquartered in Vancouver, Canada, has positioned itself as a significant player in the energy sector by securing substantial exploration licenses in both countries. In Namibia, it holds a 90% interest in a vast petroleum exploration license that spans approximately 25,341.33 square kilometers. Meanwhile, in Botswana, Reconnaissance Energy Africa Ltd. exercises total control with a 100% working interest in a petroleum license covering an area of around 8,990 square kilometers in the northwestern part of the country. This geographic diversification across two promising regions in Africa underscores the company's ambitious strategy to explore and potentially exploit oil and gas reserves within these territories.

Products and Services

• Petroleum Exploration in Namibia

  Reconnaissance Energy Africa Ltd. has established a significant presence in Namibia through a petroleum exploration license covering over 25,341.33 square kilometers. This license allows the company to conduct comprehensive exploration activities aimed at identifying and assessing potential oil and gas deposits within this vast area. The strategic focus on Namibia capitalizes on the country's underexplored oil and gas potential, positioning the company to potentially unlock significant energy resources.

• Petroleum Exploration in Botswana

  In Botswana, the company exercises a 100% working interest in a petroleum exploration license that spans 8,990 square kilometers in the northwestern region. This license empowers Reconnaissance Energy Africa Ltd. to lead exploration efforts within the licensed area, focusing on discovering and developing oil and gas resources. Botswana's emerging status as a potential oil and gas producer adds strategic value to the company's operations, offering avenues for growth and development in the energy sector.