Thursday, December 12, 2019
1:42 PM EST – Reconnaissance Energy Africa Ltd. : Announced it has engaged Henderson Rigs of Houston, Texas for the purpose of procuring a North American drilling rig and ancillary equipment, specifically designed for Namibian logistics and drilling depths of the Kavango Basin. Henderson Rigs has been instrumental in identifying several Texas based drilling rigs ideally suited for drilling in the Kavango basin. ReconAfrica is currently conducting a final technical review of these rig options, in view of securing the best option prior to year-end 2019. ReconAfrica is a junior oil and gas company engaged in the development of the newly discovered Kavango Sedimentary Basin, in northeast Namibia, where the Company holds a 90% working interest in petroleum licenses, comprising approximately 6.3 million contiguous acres. Reconnaissance Energy Africa Ltd. (V.RECO) shares were off 4 cents at 0.49.
Stocks in Play: Reconnaissance Energy Africa Ltd., Thu, 12 Dec 2019 01:57:58 EST