The company holds a 90% interest in a petroleum exploration licence in northeast Namibia which covers the entire Kavango sedimentary basin.
The exploration license covers an area of approximately 6.3 million acres and based on commercial success, it entitles ReconAfrica to obtain a 25 year production licence.
The Kavango Basin offers both large scale conventional and non-conventional play types.
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About ReconAfrica:
ReconAfrica (CVE:RECO) (OTCMKTS:LGDOF) is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia. ReconAfrica holds a 90% interest in a petroleum exploration licence in northeast Namibia which covers the entire Kavango sedimentary basin. The exploration licence covers an area of approximately 25,341.33 sq km (6.3 million acres), and based on commercial success, it entitles ReconAfrica to obtain a 25 year production licence. The Kavango Basin offers both large scale conventional and non-conventional play types.
Source:
The Ellis Martin Report
ReconAfrica
Contact:
J. Jay Park, CEO | Tel: 1 403 801 1111 Ian Brown, CFO | Tel: 1 604 331 8772 Reconnaissance Energy Africa Ltd. 300-1055 West Hastings Street Vancouver, British Columbia Canada V6E 2E9 admin@reconafrica.com www.reconafrica.com