Reconnaissance Energy Africa Ltd.
ReconAfrica is a junior oil and gas company engaged in the exploration and development of oil and gas in northeast Namibia and northwest Botswana. We hold licenses over the entire deep Kavango sedimentary Basin covering approximately 8.75 million contiguous acres, aerially larger than the entire Eagle Ford in Texas. It is estimated that the OOIP (original oil in place) could be 100 Billion barrels conventional & unconventional, combined. The Company’s initial goal is to establish the presence of an active petroleum system with its 3-well drilling program starting in late Q4 this year. This work program is fully funded on the back of our just completed twice-upsized $C23M capital raise. We believe that we are a catalyst-rich investment case unlocking tremendous shareholder value.