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ReconAfrica Engages Seidel Technologies for Drilling in the Kavango Basin and Completes First Tranche of Private Placement
ReconAfrica Engages Seidel Technologies for Drilling in the Kavango Basin and Completes Fi...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n\n\n\nReconAfrica Engages Seidel Technologies for Drilling in the Kavango Basin and Completes First Tranche of Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 9, 2019\n\n\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATES OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA./\n VANCOUVER, Dec. 9, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSX-V: RECO) (OTC: LGDOF) (Frankfurt: OXD) is pleased to announce it has engaged an international drilling company, Seidel Technologies, to play an integral role in executing the upcoming drilling program in the Kavango Basin of Namibia.\n\n \n \n\n \nFounded in 2007, Seidel Technologies, a Denver based oil and gas drilling engineering firm, provides comprehensive project management for North American and International drilling operations. Since inception, Seidel Technologies, with over 42 staff, has worked with a wide array of successful oil & gas companies (from juniors to majors) in creating approximately $40 billion in asset value through drilling activities. Frank Seidel specifically, is an unconventional drilling expert having drilled over 3,000 wells domestically and internationally.\n\"Seidel Technologies, with their expertise and track record in successfully executing international drilling campaigns, is an excellent choice to work with ReconAfrica during its initial drilling of the Kavango Basin,\" stated Jay Park, CEO. \"Further, the Company is working closely with Seidel Technologies to acquire North American drilling equipment specifically designed for logistics and drilling depths of the Kavango Basin.\"\nReconAfrica also announces that it has completed the first tranche (the \"First Tranche\") of its previously announced non-brokered private placement financing (the \"Private Placement\") through the issuance of 2,600,000 units (each, a \"Unit\") of the Company at $0.34 per Unit ...