Reconnaissance Energy (Africa) Ltd. Stock Analysis RECO.V

Reconnaissance Energy Africa Ltd. is a Canadian-based junior oil and gas company, which engages in the identification, exploration, and development of oil and gas assets via drilling and acquisition with a focus on Namibia and Botswana. The company is headquartered in Calgary, Alberta and currently employs 28 full-time employees. The firm is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The firm holds an interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The firm's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).